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Page 1: Lakes Entertainment

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Page 2: Lakes Entertainment

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The Lakes’ AdvantageLakes Entertainment differentiates itself as a

casino management company by providing a

professional management team with corporate

vision and development expertise combined

with “hands on” casino operations experience.

We combine experienced corporate and casino

management with comprehensive marketing

programs. Our talent is in bringing the right

vision, as well as the financial and human

resources together to realize the goals for a

successful casino resort development.

Marketing ExpertiseA large part of our success is attributable

to our ability to develop and manage first-

class gaming destinations, big or small, in a

variety of locations throughout the country.

Lakes has a proven track record of generating

substantial visitor counts to the facilities we

manage. Our properties are designed to

command a premium share of the markets in

which we compete.

THE EXCELLENT TR ACK RECORD AND PROVEN ABILIT Y TO DELIVER RESULTS ARE OUR KEY ASSETS.

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Plans That WorkThe management team of Lakes Entertainment has

been responsible for the development, opening and

management of several successful casino resort projects.

We have developed full-scale destination resorts as well

as smaller regional casinos. Amenities that we have

developed and manage include:

• State-of-the-art gaming selections

• Full-service hotels

• A variety of restaurants and lounges

• Retail outlets

• Entertainment venues

• RV resorts

• Golf courses

• Supervised child-care activity centers

THE EXCELLENT TR ACK RECORD AND PROVEN ABILIT Y TO DELIVER RESULTS ARE OUR KEY ASSETS.

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Financial ResourcesLakes Entertainment has the financial resources

and access to capital that is a necessity for casino

development projects. Lakes has the long-standing

relationships and the proven track record to obtain

capital in both the equity and debt markets of

the Wall Street investment community.

This access to public financing has proven to be a

cornerstone of the company’s strategic growth in the

past, as well as a valuable benefit the company has

brought to its projects.

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Experienced ManagementThe management team of Lakes has an established

and respected reputation in the gaming industry.

The Lakes management team is a hands on group

of executives, with many years of experience. The

excellent track record and proven ability of Lakes

management to deliver results are important

assets we offer prospective partners.

Lakes has assembled a strong team of gaming

industry experts, with working experience in all

aspects of casino development, construction and

management, many of whom were involved with

the success of Grand Casinos. The Lakes team has

individual specialists on staff mirroring each of the

functional areas found in a casino project.

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Practical Knowledge In each of the projects developed by our team,

we have had responsibility for all aspects of the

development, even prior to the construction and

operation phases, including:

• Site selection and acquisition

• Financing

• Architectural and theme conception

• Master planning

• Management of environmental issues

• Legal and regulatory matters

Beyond operating skill, we bring valuable

experience to considerations such as asset

protection, risk management, security, internal

controls and employee relations.

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Respected ReputationWe have been involved in the development of

specific materials and curricula in such areas as

sexual harassment and responsible gaming,

which have become the standard and are used

throughout the industry.

There is no doubt that between the programs we

have developed and the reputation we have built,

we WILL be of benefit to future enterprises.

Lakes Entertainment has a respected position in

the casino entertainment industry for our

approach to the business and the people who

make running the business possible. From

proactive initiatives on important national issues

such as welfare-to-work and problem gambling,

to progressive policies and leading-edge training

programs within the four walls of our properties,

our reputation as an employer and corporate

citizen is stellar.

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Mr. Berman is a 1964 graduate of the University

of Minnesota with a degree in Business

Administration. Mr. Berman began his career

with Berman Buckskin, his family’s leather business.

He helped grow the business into a major specialty

retailer with 27 outlets.

In 1990, Mr. Berman participated in the founding of

Grand Casinos, Inc. Mr. Berman is credited as one

of the early visionaries in the development of casinos

outside of the traditional gaming markets of Las

Vegas and Atlantic City. In less than five years, the

company opened eight casino resorts in four states.

In 1994, Mr. Berman financed the initial development

of Rainforest Cafe. He served as the Chairman and

CEO from 1994 until 2000.

In October 1995, Mr. Berman was honored with the

B’nai B’rith “Great American Traditions Award.” In

April 1996, he received the Gaming Executive of the

Year Award; in 2004, Mr. Berman was inducted into

the Poker Hall of Fame; and in 2009, he received

the Casino Lifetime Achievement Award from Raving

Consulting & Casino Journal.

In 1998, Lakes Entertainment, Inc. was formed.

In 2002, as Chairman of the Board and CEO

of Lakes Entertainment, Inc., Mr. Berman was

instrumental in creating the World Poker Tour.

Since January 2005, Mr. Berman is past Chairman

and currently sits on the board of Pokertek, Inc.

(NASDAQ: PTEK).

LYLE BERMANCHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER

Page 9: Lakes Entertainment

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Mr. Cope has been with Lakes Entertainment, Inc.

since December 1998. Prior to that time, Mr. Cope

held the positions of Executive Vice President, Chief

Financial Officer and Director of Grand Casinos,

Inc. While at Grand, Mr. Cope was involved with

development, financing and management of eight

casino resorts.

Mr. Cope has over 25 years of gaming experience

with such companies as Bally’s Entertainment and

MGM Grand in various operational areas such as

table games, slots, keno, cage, food and hotels,

along with finance and accounting. Mr. Cope also

served as a Director for WPT Enterprises, Inc.

Mr. Cope is a Licensed CPA in the state of Nevada

and holds a Bachelor of Science Degree in Business

Administration from the University of Nevada, Reno,

where he was recognized as a “Who’s Who in

American Colleges and Universities”. Mr. Cope holds

certificates in computer programming and industrial

engineering. He has served as Treasurer and

Chairman of the Board of what was then the Bally’s

Employees Federal Credit Union, President and

Director of the Better Business Bureau of Northern

Nevada and has worked with many service, church

and non-profit organizations. In 2011, Mr. Cope was

named Gaming Executive of the Year by Casino

Lawyer Magazine.

TIM COPEPRESIDENT AND CHIEF FINANCIAL OFFICER

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SHERRI HOLLISTER VICE PRESIDENT OF HUMAN RESOURCES Ms. Hollister is responsible for the human resources and training areas for Lakes Entertainment and its managed properties. Ms. Hollister has been with Lakes Entertainment since 2000 and has over 15 years experience in human resources. She has experience in employee relations, employee benefits, compensation, and training as well as general human resource management.

Ms. Hollister has a B.S. in Human Resource Management from Metropolitan State University. She is a member of the Society for Human Resource Management and holds the Senior Professional in Human Resources (SPHR) designation. Ms. Hollister is also a Certified Employee Benefits Specialist (CEBS) from the International Foundation of Employee Benefits and the Wharton School of the University of Pennsylvania.

DAMON SCHRAMM VICE PRESIDENT, GENERAL COUNSEL AND CORPORATE SECRETARY Mr. Schramm has been with Lakes Entertainment, Inc. since 2005. As Vice President - General Counsel of Lakes, Mr. Schramm regularly provides business and legal advice to senior management and the Board Directors in the areas of SEC compliance, corporate governance, finance, gaming, and mergers and acquisitions.

Mr. Schramm has over 15 years of legal experience focusing primarily on business law with an emphasis on emerging/growth businesses, commercial transactions, mergers and acquisitions, and corporate finance. Prior to his position with Lakes, Mr. Schramm was a partner with a large Minneapolis law firm. Mr. Schramm is a periodic lecturer and author on various legal and business topics, has been named a Rising Star in Minnesota Law by Minnesota Law and Politics, and serves on the board of directors for the Animal Humane Society. Mr. Schramm obtained a Bachelor of Arts degree from the University of Minnesota - Duluth and a Juris Doctor degree from William Mitchell College of Law.

SCOTT JUST GENERAL MANAGER ROCKY GAP, VICE PRESIDENT OF GAMING Mr. Just is currently General Manager at Rocky Gap Casino Resort. He is also responsible for all gaming related aspects of Lakes business including casino layout design, table game and slot equipment selection, on-going analysis of operations and formulating improvements to increase revenues. He has been with Lakes and its predecessor, Grand Casinos, since 1993. He has been involved with more than seven casino openings and has also worked with companies such as Stardust Hotel and Casino, Sams Town and Harrah’s.

JEFF EASTON VICE PRESIDENT OF INTERNAL AUDIT Mr. Easton holds the position of Vice President of Internal Audit and has been with Lakes Entertainment, Inc. since January 2002. Mr. Easton has over 20 years of gaming experience with Lakes Entertainment, Park Place Entertainment and Grand Casinos, Inc. in various areas such as internal audit, planning & analysis and accounting. Mr. Easton has been involved with more than seven casino openings. Mr. Easton is a Licensed CPA in the state of Minnesota and holds a Bachelor of Science Degree in Accounting from Minnesota State University. Mr. Easton is a member of the Minnesota Society of Certified Public Accountants, American Institute of Certified Accountants, and the Institute of Internal Auditors.

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MIKE MONTROSS VICE PRESIDENT OF MARKETING Mr. Montross oversees development, planning and operations as they relate to the marketing of each Lakes casino. He graduated Cum Laude from Southwest Minnesota State University with a Bachelor of Science in Marketing and is a graduate of the Harrah’s Executive Management Development Program. He is a member of Pi Gamma Mu the International Honor Society of Social Science and Pi Kappa Delta a forensic honor fraternity.

Mr. Montross is the recipient of two Addy Awards and a Silver Telly for creativity in advertising. He has nearly 20 years of casino experience and has worked for publicly traded, privately owned and Native American casinos.

RICK WALTERS VICE PRESIDENT OF INFORMATION TECHNOLOGY Mr. Walters is responsible for all Information Technology design and operations for Lakes Entertainment and managed properties. These duties include but not limited to Client/Server, Storage Area Networks, Database Management, Disaster Recovery/Business Continuity, Telephony, Point of Sale, Security/Surveillance technology, Audio/Video and Low Voltage Structured Cabling. He has been with Lakes and its predecessor, Grand Casinos, since 1994. He attended Northwestern State University in Natchitoches Louisiana where he majored in Computer Information Systems. He has participated in nine casino openings in many jurisdictions, and currently sits on advisory boards for several major gaming companies. Mr. Walters is also member of the Clifton Choctaw Tribe of Louisiana.

LISA BUSHLAND VICE PRESIDENT FINANCE Ms. Bushland attended the University of Wisconsin-Eau Claire where she earned a Bachelor of Business Administration degree with a Comprehensive Accounting major. Ms. Bushland, a Certified Public Accountant, worked for several years in public accounting, most recently at KPMG.

Ms. Bushland has been with Lakes Entertainment, Inc. and its predecessor, Grand Casinos, since 1995. Her background includes experience in accounting, auditing, Securities and Exchange Commission reporting and income tax preparation. Ms. Bushland directs the company’s accounting and financial reporting.

Ms. Bushland is a member of the Minnesota Society of Certified Public Accountants.

BRAD COLBERT VICE PRESIDENT OF PLANNING & ANALYSIS Mr. Colbert has over 20 years of finance planning and analysis experience, including 15 years of gaming experience in multiple jurisdictions. He graduated with distinction and received his MBA from the Carlson School of Management - University of Minnesota. He received his Bachelor of Business Administration with Honors from the University of Wisconsin Madison with a degree in finance and investment banking.

Mr. Colbert has participated in multiple financing mergers and acquisitions and funding. His former work includes experience at Rainforest Café and Wells Fargo.

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1991 Grand Casinos, Inc. is founded as a casino development and management company for Indian Tribes on Indian land.

1991 APRILGrand Casinos, Inc. opens and begins managementof Grand Casino Mille Lacs in Onamia, Minnesota for the Mille Lacs Band of Ojibwe. 1991 OCTOBERGrand Casinos, Inc. completes initial public offeringand is listed on the Nasdaq Stock Market under thetrading symbol “GRND.”

1992 MAYGrand Casinos, Inc. opens and begins managingGrand Casino Hinckley in Hinckley, Minnesota for the Mille Lacs Band of Ojibwe.

1993 MAYGrand Casino Gulfport in Gulfport, Mississippi opens.

1994 JANUARYGrand Casino Biloxi in Biloxi, Mississippi opens. 1994 APRILGrand Casinos begins trading on the New York Stock Exchange under the trading symbol “GND.” Lyle Berman named “Gaming Executive of the Year” by Casino Journal.

1994 JUNEGrand Casinos, Inc. opens and begins managingGrand Casino Avoyelles in Marksville, Louisiana forthe Tunica-Biloxi Tribe of Louisiana.

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1995 JANUARYGrand Casinos, Inc. opens and begins managingGrand Casino Coushatta in Kinder, Louisiana for theCoushatta Tribe of Louisiana.

1995 APRILGrand Casinos, Inc. is named the Fastest Growing Company in America by Fortune magazine.

1996 JUNEGrand Casino Tunica in Tunica, Mississippi opens.

1998 DECEMBERIn 1998, Grand Casinos’ Mississippi assets weremerged with the gaming division of Hilton HotelsCorporation to form Park Place EntertainmentCorporation now known as Harrah’s Entertainment. The Indian gaming division of Grand Casinos is spun off to form Lakes Gaming, a publicly held casino management company traded on Nasdaq as “LACO.”

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MAY 2002World Poker Tour (WPT) is created.

2002 JUNELakes Gaming becomes Lakes Entertainment, Inc.

2004 JULYNIGC approves management agreement between Lakes and the Shingle Springs Band. 2004 AUGUSTWPT Enterprises, Inc. goes public and begins trading on the NASDAQ Stock Market under the trading symbol “WPTE.” Lakes retains a majority ownership interest.

2006 APRILNational Indian Gaming Commission approvesmanagement agreement between Lakes Entertainment, Inc. and Pokagon Band of Potawatomi Indians.

2006 MAYLakes begins managing Cimarron Casino in Perkins, Oklahoma for the Iowa Tribe of Oklahoma.

2006 JULYLakes Entertainment, Inc. opens the completely remodeled Cimarron Casino in Perkins, Oklahoma.

2007 AUGUSTLakes Entertainment opens and begins managing Four Winds Casino Resort in New Buffalo, Michigan for the Pokagon Band of Potawatomi Indians.

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2008 OCTOBERLakes Entertainment declared a stock dividend of all of the Company’s shares of WPT Enterprises, Inc.

2008 DECEMBERLakes Entertainment opens and begins managing Red Hawk Casino in Placerville, California for the Shingle Springs Band of Miwok Indians.

2009 NOVEMBEROhio voters approve four casinos in the state. Lakes’ backing of the legislation gives them the right to invest up to 10% of the necessary equity in each of these casinos.

2010 JULYLakes receives $25 million in exchange for its rights in two of four planned Ohio casinos.

2011 JULYPokagon Band of Potawatomi Indian exercises its right to buy out the management agreement for Four winds Casino Resort. Lakes receives $24.5 million and is repaid in full all outstanding debt and ends the management agreement.

2012 APRILLakes subsidiary, Evitts Resort, LLC is awarded a video lottery operating license for Rocky Gap Lodge & Golf Resort near Cumberland, Maryland.

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GRAND CASINOBILOXI

Current Managed Projects

Investment Projects

Past Projects

GRAND CASINOTUNICA

CIMARRON

CASINO

JAMUL

CASINO

RED HAWK

CASINO

GRAND CASINOGULFPORT

GRAND CASINOAVOYELLES

GRAND CASINOCOUSHATTA

ROCKY GAPRESORT

CINCINNATIDEVELOPM

ENT

HORSESHOECASINO CLEVELAND

CAESARSCLEVELAND

THISTLEDOWNRACETRACK & CASINO

TUFWAY PARK

GRAND CASINOM

ILLE LACSGRAND CASINO

HINCKLEYFOUR W

INDSCASINO RESORT

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LAKES HAS A WIDE R

ANGE O

F EXPERIENCEM

ANAGING

PROJECTS O

F VARYING SCO

PE.

Hotel Rooms 284

454 1,000

1,492 220

380 1,356

0 165

0 200

15,551

RV Spaces 0

272 0

0 227

256 200

0 0

0 0

955

Restaurants 4

5 7

8 5

6 6

1 6

6 4

58

Restaurant Seats 810

1,230 1,280

1,450 950

1,200 1,650

35 910

1,100 300

10,915

Valet Yes

Yes Yes

Yes Yes

Yes Yes

No Yes

Yes Yes

Parking Spaces 1,900

2,300 3,500

3,811 2,250

3,000 7,213

300 4,400

3,600 700

32,974

Golf Course No

Yes Yes

Yes Yes

Yes Yes

No No

No Yes

Meeting Sq. Ft. 18,000

11,000 9,000

17,000 5,000

10,000 62,000

0 1,200

0 12,000

145,200

Entertainment Sq. Ft. 1,200

20,000 12,000

62,000 31,000

12,000 45,000

0 1,600

2,000 1,000

187,800

Retail Outlets 1

1 3

6 1

1 3

0 3

1 1

22

Retail Sq. Ft. 1,000

2,000 6,500

8,500 1,200

1,200 5,000

0 6,000

1,500 1,000

34,900

Spa/Pool Sq. Ft. 2,500

2,500 12,000

10,000 5,000

5,000 20,000

0 0

0 8,000

65,000

Child Care Sq. Ft. 6,000

8,000 8,000

8,000 6,000

6,000 10,000

0 8,000

8,000 No

68,000

Arcade Sq. Ft. 3,000

4,000 4,000

4,000 3,000

3,000 4,000

0 4,000

4,000 No

33,000

Poker Tables 0

0 14

21 11

12 11

0 12

7 3

91

Slot Machines 1,300

2,000 2,200

2,300 1,600

2,300 3,000

350 3,000

2,200 550

20,800

Table Games 40

50 80

100 50

60 100

0 100

75 10

665

Grand Casino Mille Lacs

Grand Casino Hinckley

Grand Casino Gulfport

Grand Casino Biloxi

Grand Casino Avoyelles

Grand Casino Coushatta

Grand Casino Tunica

Cimarron Casino

Four Winds Casino Resort

Red Hawk Casino

TOTALRocky Gap Resort

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Grand Casinos designed, constructed and managed Grand Casino Mille Lacs for the Mille Lacs Band of Ojibwe Indians. Grand Casinos opened Grand Casino Mille Lacs in 1991.

At opening the casino included a 400-seat bingo area, three restaurants, a Kids Quest and a Grand Arcade. Shortly after opening a 175-room luxury hotel was added. While Grand Casinos managed the property, the size grew from approximately 13,000 square feet to 40,000 square feet of casino gaming space. The property had over 1,200 slot machines and over 30 table games.

GRAND CASINO MILLE LACSOPENED IN ONAMIA, MINNESOTA IN APRIL 1991

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Grand Casino Hinckley was designed, constructed and managed for the Mille Lacs Band of Ojibwe Indians. Grand Casinos opened Grand Casino Hinckley in 1992.

At opening the casino included four restaurants, two full-service bars, a lounge and an RV Resort with fully furnished rental units. An expansion

in 1994 included a 5,000 seat amphitheater, 154 room hotel, a Kids Quest expansion and non-smoking slot gaming space. In 1995, an 18-hole golf course was opened and an indoor lodge and swimming pool were added to the RV Resort.The property had over 2,000 slot machines and over 40 table games.

GRAND CASINO HINCKLEYOPENED IN HINCKLEY, MINNESOTA IN MAY 1992

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Grand Casino Gulfport was Grand Casinos first company-owned property. Amenities offered at Grand Casino Gulfport included a Kids Quest, Grand Arcade, seven restaurants, over 2,000 slots, over 80 table games and a poker room.

In May 1995, America Live, a tri-level entertainment complex, opened adjacent to the casino. America Live offered a variety of entertainment options including two dining venues, dancing to live music,

a comedy club and a dueling piano club with sing-along entertainment.

A 400-room, full-service hotel opened in October 1995. Every guest room in the 17-story hotel featured a view of the Gulf of Mexico. The hotel also included the Grand Spa, an indoor pool and jacuzzi, the Crab House restaurant, specialty shops and 9,000 square feet of flexible banquet space.

GRAND CASINO GULFPORTOPENED IN GULFPORT, MISSISSIPPI IN JANUARY 1993

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Grand Casino Biloxi opened in January 1994, just15 miles up the coast from its sister facility in Gulfport. Grand Casino Biloxi was a three-story facility with a Kids Quest, a Grand Arcade, six restaurants, over 2,200 slots, 100 table games and a poker room.

In March 1995, an 1,800-seat theater complex was opened adjacent to the casino. The Biloxi Grand Theater was home to Las Vegas style production shows and also used for special events such as headline acts, local civic activities, conventions

and festivals. In April 1995, the 500-room, 12-story Grand Casino Biloxi Hotel opened.

The hotel offered amenities found in finer hotels including an outdoor pool, full-service Grand Spa, a variety of specialty shops and the Crab Houserestaurant overlooking the Gulf of Mexico. Nearly 17,000 sq. ft. of meeting and banquet space was also available for groups and conventions.

GRAND CASINO BILOXIOPENED IN BILOXI, MISSISSIPPI IN JANUARY 1994

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Grand Casino Avoyelles was designed, constructed and managed for the Tunica-Biloxi Tribe of Louisiana. The property opened in June of 1994. The property featured 220 hotel rooms and a 227 space RV park. The property also featured six restaurants, golf course, meeting space, event center, pool, child care center, arcade and over 1,600 gaming positions.

GRAND CASINO AVOYELLESOPENED IN MARKSVILLE, LOUISIANA IN JUNE 1994

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Grand Casinos Inc. designed and constructed Grand Casino Coushatta for the Coushatta Tribe ofLouisiana. At opening the casino offered three restaurants, an entertainment lounge, Kids Quest, Grand Arcade and over 2,300 gaming positions.

Just six months after opening, a 27,000 square-foot expansion was added to the casino to house additional games and dining option in order to keep pace with the demand. Grand Casinos Inc./Lakes Gaming managed Grand Coushatta until 2001.

GRAND CASINO COUSHATTAOPENED IN KINDER, LOUISIANA IN JANUARY 1995

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Grand Casinos Inc. opened Grand Casino Tunica in June 1996 as the closest gaming facility tothe Memphis market. At the time, it was the largest casino between Atlantic City and Las Vegas. Also, it was the largest floating casino in the world.

The facility consisted of three connected casinos with different themes. The resort included 800

hotel rooms; an entertainment barge; restaurants; entertainment lounges; a Kids Quest; a Grand Arcade; a golf course; and swimming and recreational facilities.The casino floor had nearly 3,000 slot machines, over 100 table games and a poker room.

GRAND CASINO TUNICAOPENED IN TUNICA, MISSISSIPPI IN JUNE 1996

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Lakes Entertainment began managing Cimarron Casino in Perkins, Oklahoma in May, 2006 for the Iowa Tribe of Oklahoma. While managing, Lakes oversaw the renovation of the property. The renovation included adding a new restaurant, improving the interior design, increasing parking and increasing the number of gaming positions to 350.

CIMARRON CASINOLOCATED IN PERKINS, OKLAHOMA. RENOVATED IN JULY 2006.

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In August of 2007, Lakes Entertainment opened and began managing Four Winds Casino Resort in New Buffalo, Michigan for the Pokagon Band of Potawatomi Indians. The resort is located approximately one hour east of Chicago on I-94 at Michigan Exit 1. The property consists of 3,000 slots machines, 100 table games, a WPT poker room, six restaurants, multiple retail outlets and a 165-roomluxury suite hotel.

Four Winds continues to be one of the leading properties in the entire Chicagoland region today. This has been due in part to a rapidly growing and loyal customer base. In internal surveys, gamblers in the region consistently ranked Four Winds the most desirable casino resort in the region and many local tourism publications have named it the best casino in the area.

FOUR WINDS CASINO RESORTOPENED IN NEW BUFFALO, MICHIGAN IN AUGUST 2007

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Lakes oversaw the development, design, construction and managed Red Hawk Casino just outside of Sacramento, California for the Shingle Springs Band of Miwok Indians.

The property opened in December of 2008. The facility consists of 2,100 slot machines, 75 table games, a poker room and five restaurants.

Construction of this project took approximately 18 months. The site’s unique location required the

construction of a multi-million dollar interchange to connect to Highway 50. The location also dictated the construction of a multiple tiered parking ramp and a two-level casino design. As part of the opening, Lakes screened over 20,000 applicants to fill nearly 2,000 jobs; conducted free table games dealer schools; and hosted vendor fairs for localbusinesses. Currently over 10,000 people visit the property each day including nearly 20,000 bus passengers traveling over 100 miles from SanFrancisco each month.

RED HAWK CASINOOPENED IN SHINGLE SPRINGS, CALIFORNIA IN DECEMBER 2008

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After a lengthy RFP process with multiple bidders, Lakes Entertainment acquired the existing Rocky Gap Golf Resort in August 2012. In less than one year Lakes renovated the resort and added a boutique casino. In 2013 the resort reopened as Rocky Gap Casino Resort. The resort is an AAA 4-Diamond property featuring 200 hotel rooms, 12,000 square feet of convention and event space, multiple restaurants, Bonkerz Comedy Club™, the only Jack Nicklaus Signature golf course in

Maryland, spa, fitness center and several outdoor recreational activities. The casino features more than 500 slot machines, 10 table games, poker room and video poker bar.The resort is uniquely situated inside Rocky Gap State Park. The natural setting and personal services has led to the resort receiving multiple awards including awards from AAA, Trip Advisor and Golf Week.

ROCKY GAP CASINO RESORTLOCATED IN CUMBERLAND, MARYLAND. ACQUIRED IN AUGUST 2012.

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Since 1991, we have been creating properties that delight players with a great gamble, great

food, and an exciting atmosphere always delivered with superior, individualized service.

Lakes Entertainment creates successes by bringing together the vision, financial resources and

team to make plans work. We invite you to learn more about Lakes Entertainment, Inc. and

our current projects by logging on to www.LakesEntertainment.com.

130 Cheshire Lane, Suite #101Minnetonka, MN 55305main: 952.449.9092 | fax: 952.449.9353

0521V10