Lakes Entertainment to Host Conference Call and Webcast on Results for First Quarter 2015

MINNEAPOLIS--(BUSINESS WIRE)--

Lakes Entertainment, Inc. LACO announced it will host a conference call and webcast to discuss the Company's first quarter 2015 financial results on Wednesday, May 6, 2015, at 1:00 p.m. Central Time (2:00 p.m. Eastern). The Company will issue financial results prior to the call.

Chairman of the Board and Chief Executive Officer Lyle Berman, and President and Chief Financial Officer Tim Cope, will recap the first quarter and provide a business update.

WHEN:

Wednesday, May 6, 2015
Conference Call: 1:00 p.m. Central Time (2:00 p.m. Eastern Time)
Dial-in Number: 866-700-6067
Passcode: 96135982
WEBCAST: To listen to a live webcast of the conference call, go to Lakes' web site, www.lakesentertainment.com, and click on "Conference Call."

The webcast replay will be available from 5:00 p.m. Central Time, May 8, 2015, until 12:00 p.m. Central Time on May 15, 2015, on the Lakes Entertainment website at www.lakesentertainment.com. Listening to the webcast requires speakers and Windows Media Player. If you do not have Media Player, download the free software at www.windowsmedia.com.

If you do not have Internet access and want to listen to an audio replay, call 888-286-8010 and enter conference call passcode 14387100. The audio replay will be available beginning at 5:00 p.m. Central Time, May 8, 2015, until 12:00 p.m. Central Time, May 15, 2015.

About Lakes Entertainment
Lakes Entertainment, Inc. currently owns the Rocky Gap Casino Resort near Cumberland, Maryland. For more information, please visit www.lakesentertainment.com. On January 25, 2015, Lakes entered into an agreement and plan of merger with Sartini Gaming, Inc. ("Golden Gaming"). Golden Gaming is a leading owner and operator of distributed gaming, taverns and casinos, all of which are focused on the Nevada local gaming market. The merger is subject to various closing conditions.

Forward-Looking Statements

Statements in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, the expected benefits of a potential combination of Lakes and Sartini Gaming, Inc. ("Golden Gaming") pursuant to an agreement and plan of merger (the "Merger Agreement") and expectations about future business plans, prospective performance and opportunities; the expected timing of the completion of the transaction; the ability and impact of refinancing Golden Gaming debt; the obtaining of required regulatory approvals and approval by Lakes' shareholders. These forward-looking statements may be identified by the use of words such as "expect," "anticipate," "believe," "estimate," "potential," "should", "will" or similar words intended to identify information that is not historical in nature. These forward-looking statements are based on current expectations and assumptions of management of Lakes and Golden Gaming and are subject to risks, uncertainty and changes in circumstances that could cause the actual events and results in future periods to differ materially from the expectations of Lakes and Golden Gaming and those expressed or implied by these forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. These risks, uncertainties and changes in circumstances include (a) the possibility that the merger does not close when expected or at all; (b) the ability and timing to obtain required regulatory approvals (including approval from gaming regulators) and Lakes' shareholder approval, and to satisfy or waive other closing conditions, including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or that the parties to the Merger Agreement may be required to modify aspects of the transaction to achieve regulatory approval; (c) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement or could otherwise cause the merger to fail to close; (d) the ability of Lakes and Golden Gaming to promptly and effectively integrate their respective businesses; (e) the outcome of any legal proceedings that may be instituted in connection with the transaction; (f) the receipt of an unsolicited offer from another party for an alternative business transaction that could interfere with the proposed merger; (g) the ability to retain key employees of Lakes and Golden Gaming; (h) that there may be a material adverse change affecting Lakes or Golden Gaming, or that the respective businesses of Lakes or Golden Gaming may suffer as a result of uncertainty surrounding the transaction; and (i) the risk factors disclosed in Lakes' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K. Forward-looking statements reflect Lakes' and Golden Gaming's management's analysis and expectations only as of the date of this press release, and Lakes does not undertake to update or revise these statements, whether written or oral, to reflect subsequent developments, except as required under the federal securities laws. Readers are cautioned not to place undue reliance on any of these forward-looking statements.