UP!
| Industry | Gaming |
|---|---|
| Successor |
|
| Founded | 1998 |
| Defunct | 2015 |
| Headquarters | Minnetonka, Minnesota |
| Website | www |
Lakes Entertainment, Inc. was a gaming company based in Minnetonka, Minnesota. It merged with Golden Gaming in 2015 to form Golden Entertainment.
The company was created in 1998 as part of the merger between Grand Casinos and Hilton's gaming businesses to form Park Place Entertainment. Park Place received Grand's three riverboat casinos in Mississippi, while Grand's other businesses, including management of Indian casinos, were spun off as Lakes Gaming. The name was changed to Lakes Entertainment in 2002 to reflect the company's involvement in the World Poker Tour and potentially other non-casino businesses.
Lakes developed the Red Hawk Casino in Shingle Springs, California for the Shingle Springs Band of Miwok Indians, and managed the casino from its opening in 2008 until 2013.
Lakes opened the Rocky Gap Casino Resort in Maryland in May 2013.
Lakes sold its interest in Dania Jai-Alai in 2014.
In January 2015, Lakes agreed to merge with Golden Gaming. The combined company would be named Golden Entertainment. Golden Gaming head Blake Sartini would own 35% of the company and serve as its chief executive officer, while Lakes head Lyle Berman would be a board member and consultant. In preparation for the merger, Lakes sold its 10 percent interest in Rock Ohio Ventures, which owns five casinos and racetracks in Ohio and Kentucky. The merger was completed on August 3, 2015.
| 2009-03-06 | Reiterated | Morgan Joseph | Buy | $8 to $5 |
| 2008-11-20 | Reiterated | Feltl & Co. | Buy | |
| 2008-05-22 | Initiated | Morgan Joseph | Buy | $10 |
| 2008-05-09 | Reiterated | Roth Capital | Buy | $8 to $7.50 |
| 2007-05-30 | Initiated | Nollenberger Capital | Buy | $14 |
| 2007-04-13 | Initiated | Northland Securities | Outperform | $17 |
| 2009-03-06 | Reiterated | Morgan Joseph | Buy | $8 to $5 |
| 2008-11-20 | Reiterated | Feltl & Co. | Buy | |
| 2008-05-22 | Initiated | Morgan Joseph | Buy | $10 |
| 2008-05-09 | Reiterated | Roth Capital | Buy | $8 to $7.50 |
| 2007-05-30 | Initiated | Nollenberger Capital | Buy | $14 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In LACO 0 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Blake L. Sartini & Delise F. Sartini Family Trust | 29.03% (7772736) | LACO / |
| DEEPHAVEN CAPITAL MANAGEMENT LLC | 8.15% (2181754) | LACO / |
| BERMAN LYLE Chief Executive Officer | 3.33% (892841) | LACO / PTEK / |
| GOLDFARB MORRIS | 1.03% (276327) | CBK / GIII / LACO / OPY / RLJE / |
| Protell Charles Executive VP, CSO and CFO | 0.49% (130094) | LACO / |
| COPE TIMOTHY J President and CFO | 0.48% (127642) | LACO / |
| GOLDMAN SACHS GROUP INC | 0.30% (80163) | AHS / AMBR / ARMK / ARX / BNFT / CIE / EBIX / EDMC / EIGI / ENLK / ESNT / GFF / GMED / GS / H / HABT / KMI / LACO / LLNW / MGI / MRC / PNRG / TIPT / TTOO / ZINC / ZMH / |
| SARTINI BLAKE L Chairman, President and CEO | 0.16% (43890) | LACO / |
| Arcana Stephen A Executive Vice President, COO | 0.07% (18434) | LACO / |
| SELL NEIL I | 0.05% (13398) | LACO / |
| GALVIN JOSEPH F Chief Administrative Officer | 0.04% (11504) | LACO / |
| Higgins Sean T Executive VP and CLO | 0.04% (9875) | LACO / |
| Sartini Blake L II SVP of Distributed Gaming | 0.03% (9327) | LACO / |
| Martin Edward W. III EVP & Chief Administrative Off | 0.02% (5925) | LACO / |
| WHITE RICHARD | 0.02% (5000) | ESCA / GIII / LACO / RGSE / |
| BARENBAUM LARRY C | 0.02% (5000) | LACO / |
| MOBERG RAY M | 0.02% (5000) | LACO / |
| Vecchiarelli Gary Anthony SVP Finance and Accounting | 0.01% (1536) | LACO / |
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