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Lakes Entertainment says Red Hawk opening a grand success

18 December 2008

MINNEAPOLIS, Minnesota -- (PRESS RELEASE) -- Lakes Entertainment, Inc. announced today that the Red Hawk Casino in Shingle Springs, California officially opened its doors to the public yesterday after an elaborate ribbon-cutting ceremony. Red Hawk Casino is located approximately 35 miles east of downtown Sacramento, California. This prime casino location is conveniently situated directly off of US Highway 50 between the San Francisco Bay Area and South Lake Tahoe's skiing and recreation areas. The Casino features over 2,100 slot machines, 75 table games, a high stakes gaming room, as well as 10 food and beverage outlets, enclosed parking and other facilities.

"Every detail of the property from the architecture and finishing treatments to the variety of games and services features the best of gaming in California," said Lyle Berman, Chairman and Chief Executive Officer of Lakes Entertainment.

Tim Cope, President and Chief Financial Officer of Lakes added, "We congratulate Chairman Fonseca and the Shingle Springs Band of Miwok Indians for their perseverance on this project. The opening of the Red Hawk Casino and the new Highway 50 interchange dedicated to provide access to the casino and the Tribe's reservation is an important step forward on their road to self-reliance."

Lakes is the development and management company for the Casino, which is owned by the Shingle Springs Band of Miwok Indians. Under the seven-year agreement between the company and the tribe, Lakes will receive between 21% and 30% of the Casino's net income for the first five years, and a lower percentage of net income in the final two years.

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