LACO Lakes Entertainment, Inc. featured news, full reports, and detailed charts
Lakes Entertainment, Inc. (LACO) Wrap Up:
Lakes Entertainment, Inc., a Minnesota corporation (“Lakes”, “we”, or “our”), develops, finances and manages Indian-owned casino properties. We currently have development and management or financing agreements with four separate tribes for casino operations in Michigan, California, and Oklahoma for a total of five separate casino projects. We are currently managing the Cimarron Casino for the Iowa Tribe of Oklahoma (the “Iowa Tribe”) and the Four Winds Casino Resort for the Pokagon Band of Potawatomi Indians (the “Pokagon Band”). The remaining projects are in various stages of development, as discussed in more detail below. We are also involved in other business activities, including development of a non-Indian casino in Mississippi and the development of new table games for licensing to both Tribal and non-Tribal casinos. In addition, as of December 30, 2007, we owned approximately 61% of WPT Enterprises, Inc. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f12%2f0000950137-08-003584.html#FIS_BUSINESS"www.lakesentertainment.com
50 Employees
Founded in 1998
Lakes Entertainment Inc. (LACO:NASDAQ)
LAST $2.62 USD
CHANGE TODAY +0.06 2.34%
VOLUME 39.9K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Lakes Entertainment Inc. (LACO)
|
OPEN
$2.56
|
PREVIOUS CLOSE
$2.56
|
|
|
DAY HIGH
$2.79
|
DAY LOW
$2.55
|
|
|
52 WEEK HIGH
01/6/09 - $4.78
|
52 WEEK LOW
03/9/09 - $1.86
|
|
|
MARKET CAP
69.0M
|
AVERAGE VOLUME 3 mo
121.0K
|
|
|
DILUTED EPS TTM
$-2.51
|
SHARES OUTSTANDING
26.3M
|
|
|
LACO Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
LACO Top Compensated Officers
Mr. Lyle Berman
Executive Chairman of the Board and Chief Exe...
Age: 67
Total Annual Compensation: $700.0K
Mr. Timothy J. Cope
President, Chief Financial Officer, Principal...
Age: 57
Total Annual Compensation: $490.0K
Mr. Richard Bienapfl
Vice President of Development
Total Annual Compensation: $300.0K
Mr. Scott Just
Vice President of Gaming
Total Annual Compensation: $259.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Lakes Entertainment Inc. (LACO)
Lakes Entertainment Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 27, 2009
11/5/2009
Lakes Entertainment Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 27, 2009. For the quarter, the company reported total revenues of $6,617,000, earnings from operations of $723,000, earnings before income taxes and discontinued operations of $1,862,000, net earnings applicable to company of $2,288,000 or $0.09 per diluted share against total revenues of $8,383,000, loss from operations of $484,000, loss before income taxes and discontinued operations of $639,000, net loss applicable to company of $5,721,000 or $0.23 per diluted share a year ago. The revenues decrease was primarily due to a one-time addition to revenue of approximately $1.8 million in the third quarter of 2008 which was the result of an approved compact amendment between the Pokagon Band of Potawatomi Indians and the State of Michigan that reduced the Four Winds Casino Resort gaming tax. The decrease was also affected by new competition that entered the Four Winds Casino Resort market during the third quarter of 2009, offset by fees from Red Hawk Casino, which opened in December, 2008. For the nine months, the company reported total revenues of $20,959,000, earnings from operations of $2,171,000, earnings before income taxes and discontinued operations of $6,097,000, net earnings applicable to company of $6,133,000 or $0.23 per diluted share against total revenues of $18,868,000, loss from operations of $7,549,000, loss before income taxes and discontinued operations of $7,524,000, net loss applicable to company of $17,812,000 or $0.72 per diluted share a year ago. The revenue increase was primarily due to fees from the Red Hawk Casino which opened in December 2008, partially offset by a decrease at Four Winds Casino Resort due to new competition that entered the market during the third quarter.
Lakes Entertainment Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
11/5/2009
Lakes Entertainment Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
Lakes Entertainment Inc., Q3 2009 Earnings Call, Nov-05-2009
10/28/2009
Lakes Entertainment Inc., Q3 2009 Earnings Call, Nov-05 2009
LACO Competitors
| Company | Last | Change |
| Global Casinos Inc | $0.34 USD | 0.00 |
| Littlefield Corp | $0.68 USD | 0.00 |
| Nevada Gold & Casinos Ltd | $0.97 USD | -0.03 |
| Southwest Casino Corp | $0.05 USD | -0.015 |
| Trans World Corp | $3.00 USD | +0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | LACO | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.6x |
|
| Price/Book | 0.5x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.7x |
|
|
LACO |
||
|
LACO transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Lakes Entertainment, Inc.
More news for LACO
Lakes Entertainment Announces Earnings for Third Quarter 2009
LAKES ENTERTAINMENT, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Earnings (Loss) (In thousands, except per share data) (Unaudited) Â Â Â Â Â Â Â Three months ended Nine months ended September 27, 2009 Â September 28, 2008 September 27, 2009 Â September 28, 2008 Â Revenues: Management fees $ 6,602 $ 8,370 ...Click here to read the whole Article (external link)
Dynegy, MetroPCS: Midday Volume Plays
Stock quotes in this article: DYN , PCS , ROYL , ...Click here to read the whole Article (external link)
LAKES ENTERTAINMENT INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for LAKES ENTERTAINMENT INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for LAKES ENTERTAINMENT INC 5-Nov-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...Click here to read the whole Article (external link)
Red Hawk Casino parent shows profit
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
New Star Analyst Rankings for Lakes Entertainment, Inc.
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
LAKES ENTERTAINMENT INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview We develop, finance and manage Indian-owned and non-Indian-owned casino properties. We currently have development and management or financing agreements with four separate tribes for casino operations in Michigan, California, and Oklahoma for a total of five separate casino projects. We also have entered into a joint venture aimed at developing and operating a casino project in the South Central Zone of Kansas. An overview of our Indian-owned projects follows: • We developed, and have a five-year contract to manage, the Four Winds Casino Resort for the Pokagon Band in New Buffalo Township, Michigan near Interstate 94. We began managing the Four Winds Casino Resort when it opened to the public on August 2, 2007. The Four Winds Casino Resort is located near the first Interstate 94 exit in southwestern Michigan and approximately 75 miles east of Chicago. The facility features approximately 3,000 slot machines, 72 table games, a 12-table poker room, a 165-room hotel, five restaurants, three bars, a child care facility and arcade, retail space and a parking garage. • We developed, and have 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. We began managing the Red Hawk Casino when it opened to the public on December 17, 2008. The Red Hawk Casino features approximately 2,100 electronic gaming devices, 75 table games, six restaurants, six bars, retail space, a parking garage, a child care facility and arcade. To provide direct freeway access to the Red Hawk Casino, an affiliate of the Shingle Springs Tribe constructed a dedicated inter-change on U.S. Highway 50. • We are managing the Cimarron Casino for the Iowa Tribe of Oklahoma, a federally recognized Indian Tribe, and the...Click here to read the whole Article (external link)
LAKES ENTERTAINMENT INC Financials
PERIOD ENDING27-Sep-0928-Jun-0929-Mar-0928-Sep-08Total Revenue6,617 7,064 7,278 11,213 Cost of Revenue - - - 998 Gross Profit6,617 7,064 7,278 10,215 Operating ExpensesResearch Development - - - - Selling General and Administrative3,508 3,767 4,042 13,340 Non Recurring597 1,711 569 939 Others2,693 2,433 2,715 1,899 Total Operating Expenses - - - - Operating Income or Loss3,066 (847)(48)(5,963)Income from Continuing OperationsTotal Other Income/Expenses Net2,569 4,088 1,854 1,257 Earnings Before Interest And Taxes2,371 3,241 1,806 (4,706)Interest Expense509 417 395 350 Income Before Tax1,862 2,824 1,411 (5,056)Income Tax Expense(426)4 386 2,393 Minority Interest - - - 1,728 Net Income From Continuing Ops2,288 2,820 1,025 (5,721)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
LAKES ENTERTAINMENT INC Files SEC form 8-K, Regulation FD Disclosure
Show all filings for LAKES ENTERTAINMENT INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for LAKES ENTERTAINMENT INC 9-Nov-2009Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not ...Click here to read the whole Article (external link)
Would you like to leave a comment about Lakes Entertainment, Inc. LACO
Find out what social network information about Lakes Entertainment, Inc. are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides Lakes Entertainment, Inc. there is more great information available at Realpennies.com