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Last $8.72 USD
Change Today -0.1499 / -1.69%
Volume 1.2K
LACO On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

130 Cheshire Lane

Suite 101

Minnetonka, MN 55305

United States

Phone: 952-449-9092

Fax:

Lakes Entertainment, Inc. develops, finances, and manages casino properties. The company also engages in other business activities, including the investment in non-Indian casinos in Ohio and Florida. Rocky Gap Casino Resort The company owns and operates the Rocky Gap Casino Resort in Allegany County, Maryland (Rocky Gap). Rocky Gap includes a hotel, gaming facility, an event and conference center, spa, four restaurants and the only Jack Nicklaus signature golf course in Maryland. The gaming facility features 558 video lottery terminals (VLTs), 10 table games, 3 poker tables, a casino bar and a new lobby food and beverage outlet. Rock Ohio Ventures, LLC The company has an investment in Rock Ohio Ventures, LLC, a privately-held company, that owns the Horseshoe Casino Cleveland in Cleveland, Ohio; the Horseshoe Casino Cincinnati in Cincinnati, Ohio; the Thistledown Racino in North Randall, Ohio which added approximately 1,100 VLTs in 2013 to the existing racetrack; and Turfway Park, a thoroughbred horseracing track located in Florence, Kentucky. Dania Entertainment Holdings, LLC The company has an investment in Dania Entertainment Holdings, LLC (DEH) that maintains a 25% ownership interest in Dania Entertainment Center, LLC (DEC), which owns and operates the Dania Jai Alai property. The Dania Jai Alai property added approximately 550 slot machines and 12 poker tables in 2014 to the existing fronton and was renamed the Dania Casino and Jai Alai. Indian Casino Business Development and Management of the Red Hawk Casino: The company developed and had a seven-year contract to manage the Red Hawk Casino that was built on the Rancheria of the Shingle Springs Tribe in El Dorado County, California, adjacent to U.S. Highway 50, approximately 30 miles east of Sacramento, California. In 2012, the company entered into a 10-year option agreement with Penn National Gaming, Inc. (Penn National) that grants Penn National the right to purchase approximately 98 acres of land which the company owns adjacent to the Jamul Indian Village’s trust land. Regulations The company and its subsidiaries are subject to certain federal, state, and local safety and health laws, regulations and ordinances that apply to non-gaming businesses generally, such as the Clean Air Act, Clean Water Act, Occupational Safety and Health Act, Resource Conservation Recovery Act and the Comprehensive Environmental Response, Compensation and Liability Act. History The company, a Minnesota corporation, was founded in 1998. It was formerly known as GCI Lakes, Inc. and changed its name to Lakes Gaming, Inc. in August 1998. Further, the company changed its name to Lakes Entertainment, Inc. in 2002.

 

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Century Casinos Inc $5.27 USD -0.08
Gaming Partners International Corp $10.61 USD -1.09
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TEV/Sales 0.4x
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