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Lakes Entertainment Company Profile |
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Lakes Entertainment, Inc. (Lakes) has development agreements for various Indian-owned casino properties and intends to manage such casinos when applicable regulatory approvals have been received and other contingencies have been satisfied. In addition, |
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Lakes Entertainment History | |
1998: CGI Lakes established as successor to the Indian gaming business of Grand Casinos (which is absorbed by Park Place Entertainment); its name is soon changed to Lakes Gaming 1998: Lakes assumed management contracts formerly held by Grand Casinos for two Louisiana Indian casinos, Grand Casino Coushatta and Grand Casino Avoyelles 2000: Grand Casino Avoyelles management contract terminated by early buyout 2002: Grand Casino Coushatta management contract expired 2002: Lakes Gaming changed name to Lakes Entertainment 2002: World Poker Tour Enterprises founded by Steven Lipscomb, and Lakes Poker Tour, LLC, a wholly-owned subsidiary of Lakes Entertainment, Inc 2004: WPTE went public 2005: WPTE launched a World PokerTour- branded real-money gaming website. WPTonline.com featuring a live multiplayer poker room with head-to-head and tournament play, based in Alderney 2006: 7 year management contract with Cimmaron Casino began 2006: Cimmaron Casino opened in Perkins, Oklahoma 2007: NIGC approved a 5 year management contract of the Four Winds Casino 2007: Four Winds Casino opened in New Buffalo Michigan 2008:Lakes Entertainment funded Issue 6 on Ohio's ballot. The proposed casino would have cost $600,000,000 and be built near Wilmington, Ohio. The ballot was defeated 62-37, this is the fourth time Ohio has rejected a casino since 1990. 2008: Lakes Entertainment declared a noncash dividend consisting of all of the shares of WPTE then owned by Lakes. Lakes previously owned 12,480,000 or approximately 61% of the outstanding common stock of WPTE, a separate publicly-held media and entertainment company. 2008: Red Hawk Casino opened in Sacramento California 2009: Lakes Entertainment funded (approx. 4.3 million) a referendum to ammend the Ohio constitution to authorize gaming, it passed on November 3rd 2010: Lakes entered into a management agreement for a proposed casino in Tunica, Mississippi 2010: Lakes ends management of Cimarron casino 2011: Lakes ends management of Four Winds casino 2011: Lakes sells the rights to “Four The Money,” “Bonus Craps,” “Roulette Craps” and “Rainbow Poker.” 2012: Lakes terminates management contract with Jamul Tribe 2013: Rocky Gap Casino Resort opened in Marylanf |
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Lakes Entertainment : Current Properties/Products | |
Casinos Sacramento, California Red Hawk Casino (7 year management contract) Allegheny County, Maryland Rocky Gap Casino Resort Casino Games |
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Lakes Entertainment: Financial Info online | |
Publicly-accessible sites Lakes Gaming Investor Relations SEC filings (Lakes Site) | SEC filings (finance.yahoo) Annual Reports (1998-present) For more detailed information, check out these databases. Note: use is restricted to current UNLV faculty, staff, and students. |
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© 2019 University of Nevada, Las Vegas. Do not copy or reuse without permission. |
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Last modified
Tuesday, 06-Dec-2022 10:30:29 PST
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