Lakes Entertainment, Inc. News

Shingle Springs Casino Gets Construction Approval Four Winds Casino Resort Hires General Manager Four Winds Casino Breaks Ground

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Pokagon Gaming Secures Financing for Four Winds Casino Resort

Friday, June 23, 2006

NEW BUFFALO, Michigan -- The Pokagon Gaming Authority, a wholly owned, unincorporated instrumentality of the Pokagon Band of Potowatomi Indians, has successfully closed its financing of $305 million
Artist's rendering of the new Pokagon Four Winds Casino. <a rel='nofollow' href='http://www.readybetgo.com/phpadsnew/adclick.php?n=abcc77e6' target='_BLANK'><img src='http://www.readybetgo.com/phpadsnew/adview.php?n=abcc77e6' border='0' alt='Advertisement'></a> in Senior Notes due 2014. The proceeds from the notes will be used to partially finance the construction of Four Winds Casino Resort.

"We are excited to have completed our senior note financing," said Tribal Chairman John Miller. "We are also very pleased that the financing was well received by investors. With this financing, we can complete the construction of the 51-acre casino development as we have envisioned it."

"We look forward to working with the Pokagon Band in developing a successful enterprise," said Tim Cope, President and CFO at Lakes Entertainment, Inc. "Four Winds Casino Resort will provide first class gaming entertainment."

Lakes Entertainment, Inc.

130 Cheshire Lane
Minnetonka,, MN 55305

Website: www.lakesentertainment.com

Lakes Entertainment, Inc. currently has development and management agreements with five separate Tribes for new casino operations in Michigan, California, and Oklahoma, a total of eight separate casino sites. In addition, Lakes has announced plans to develop a company owned casino resort project in Vicksburg, Mississippi. The company's website displays all past historical press releases.

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