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Last $9.15 USD
Change Today 0.00 / 0.00%
Volume 13.1K
LACO On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

lakes entertainment inc (LACO) Key Developments

Lakes Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Lakes Entertainment Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $15.329 million compared to $14.107 million a year ago. Earnings from operations were of $0.016 million compared to $0.326 million a year ago. Earnings before income taxes were of $0.162 million compared to $0.057 million a year ago. Net loss was of $0.179 million or $0.01 per diluted share compared to net income of $0.057 million or $0.00 per diluted share a year ago. The increase in net revenues was primarily related to an increase in gaming revenues during the second quarter of 2015 compared to the second quarter of 2014 which resulted primarily from increases in video lottery terminal volume and table games hold percentages. For six months, the company reported net revenues of $28.095 million compared to $26.417 million a year ago. Loss from operations was of $1.325 million compared to $1.321 million a year ago. Loss before income taxes was of $1.732 million compared to $1.711 million a year ago. Net loss was of $1.904 million or $0.14 per diluted share compared to net income of $1.711 million or $0.13 per diluted share a year ago. The increase in net revenues was primarily related to an increase in gaming revenues during the first half of 2015 compared to the first half of 2014 which resulted primarily from increases in video lottery terminal volume and table games hold percentages.

Lakes Entertainment Inc., Annual General Meeting, Jul 29, 2015

Lakes Entertainment Inc., Annual General Meeting, Jul 29, 2015., at 15:00 Central Standard Time. Location: The offices of Gray, Plant, Mooty, Mooty & Bennett, P.A.. Agenda: To consider the election of five directors to Board of Directors; to consider non-binding advisory vote to approve the compensation of named executive officers disclosed in the Executive Compensation section; to consider the ratification of the appointment of Piercy Bowler Taylor & Kern, Certified Public Accountants, as independent registered public accounting firm for the 2015 fiscal year; to consider the amendment and restatement of the Lakes' Bylaws to provide that the Minnesota Control Share Acquisition Act will not apply to, or govern in any manner, Lakes and its shareholders; to consider the approval of Amended and Restated Rights Agreement; and to consider the transaction of any other business as may properly come before the Annual Meeting or any adjournments or postponements of the Annual Meeting.

Lakes Entertainment Inc. Approves Amendment to its Bylaws

Lakes Entertainment Inc. announced that its special meeting of shareholders held on June 17, 2015 approved the amendment of company's second amended bylaws to authorize the Lakes' Board of Directors to determine the number of directions.

Lakes Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015

Lakes Entertainment Inc. reported unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, the company reported net loss attributable to company of $1,725,000 or $0.13 per basic & diluted share on net revenues of $12,766,000 compared to net loss attributable to company of $1,768,000 or $0.13 per basic & diluted share on net revenues of $12,310,000 reported a year ago. Loss from operations was $1,341,000 compared to $1,647,000 reported a year ago. Loss before income taxes was $1,570,000 compared to $1,768,000 reported a year ago. The increase in net Revenue was primarily related to an increase in gaming revenues during the first quarter of 2015 compared to the first quarter of 2014.

Lakes Entertainment Inc. to Report Q1, 2015 Results on May 06, 2015

Lakes Entertainment Inc. announced that they will report Q1, 2015 results at 2:00 PM, US Eastern Standard Time on May 06, 2015

 

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LACO Competitors

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Company Last Change
Century Casinos Inc $6.18 USD +0.01
Empire Global Gaming Inc $0.02 USD 0.00
Gaming Partners International Corp $10.00 USD -0.1799
Great Canadian Gaming Corp C$22.11 CAD +0.31
Nevada Gold & Casinos Inc $1.62 USD 0.00
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LACO

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Valuation LACO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x
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