Lakes Entertainment profitable via Gambling Casinos
Lakes has development and management agreements with five Indian tribes for a total of eight new casino operations in California, Michigan and Oklahoma. The company also plans to develop a company-owned casino and resort in Vicksburg, Miss. Lakes said it also benefited from increased revenue from its majority-owned subsidiary, WPT Enterprises Inc. (Nasdaq: WPTE), which produces the World Poker Tour television series. The Travel Channel aired six World Poker Tour episodes and one Professional Poker Tour episode during the most recent quarter, compared to just five World Poker Tour episodes a year ago.
May 9, 2006
Posted By Guy Akers
Staff Editor, CasinoGamblingWeb.com
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