Company Website:
http://www.lakesentertainment.com
MINNEAPOLIS -- (Business Wire)
Lakes Entertainment, Inc. (LACO) announced that it has retained
the services of Macquarie Capital as its financial advisor in connection
with its evaluation of strategic alternatives aimed at enhancing
shareholder value. Strategic alternatives the Company may pursue may
include, but are not limited to, potential acquisitions, joint ventures,
recapitalizations, select asset divestitures, merger, reorganization or
similar transactions, as well as continuing to operate the business in
the ordinary course.
There can be no assurance that the exploration of such strategic
alternatives will result in any transaction. The Company does not
currently intend to disclose further development with respect to this
process unless and until the Board approves a specific transaction or
otherwise concludes its review of strategic alternatives.
About Lakes Entertainment
Lakes Entertainment, Inc. currently owns the Rocky Gap Casino Resort
near Cumberland, Maryland, and has an investment in Rock Ohio Ventures,
LLC’s casino and racino developments in Ohio, and an ownership interest
in Dania Entertainment Center, LLC’s Dania Jai Alai fronton in Dania
Beach, Florida.
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements. Certain information included in
this press release (as well as information included in oral statements
or other written statements made or to be made by Lakes Entertainment,
Inc.) contains statements that are forward-looking, such as statements
relating to plans for future expansion and other business development
activities as well as other capital spending, financing sources and the
effects of regulation (including gaming and tax regulation) and
competition. Such forward-looking information involves important risks
and uncertainties that could significantly affect anticipated results in
the future and, accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of the
company. These risks and uncertainties include, but are not limited to,
Lakes operates in a highly competitive industry; possible changes in
regulations; repayment of amounts owed to Lakes by Indian tribes; risks
of entry into new businesses; reliance on Lakes' management and
litigation costs. For more information, review the company's filings
with the Securities and Exchange Commission.
Contacts:
Lakes Entertainment, Inc.
Timothy Cope, 952-449-7030
Source: Lakes Entertainment, Inc.
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