Casino developer Lakes Entertainment, the majority stockholder of World Poker Tour (WPT) Enterprises, announced that it will return tomorrow to the Nasdaq National Market. Delisted this past August, Lakes Entertainment was cleared to return to Nasdaq, and will do so tomorrow at the start of trading under the symbol "LACO." Lakes was delisted last year after it did not file 2004 10-K and Q1 2005 financial reports in a timely fashion.

Lakes Entertainment owns approximately 62 percent of WPT Enterprises, the company behind the popular WPT poker TV program and the licensing of the WPT brand name. Regarding his company's return to Nasdaq, Tim Cope, President and Chief Financial Officer of Lakes Entertainment commented, "This is another great piece of news for our Company and our share holders. After several months of concerted efforts, we have resolved all the corporate reporting and listing issues that we were unfortunately subjected to."

Source:  Poker777 Staff

Wednesday, 22 March 2006

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