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EX-99.1 - EXHIBIT 99.1 - LAKES ENTERTAINMENT INCex99-1.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):    November 20, 2012
 
Lakes Entertainment, Inc.
 
(Exact name of registrant as specified in its charter)
 

Minnesota
 
0-24993
 
41-1913991
(State or other jurisdiction of incorporation)
 
 
(Commission File Number)
 
 
(IRS Employer
Identification No.)
 

130 Cheshire Lane, Minnetonka, Minnesota
 
55305
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code:    (952) 449-9092
 
Not Applicable
(Former name or former address, if changed since last report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 
 
Item 7.01.               Regulation FD Disclosure
 
On November 20, 2012, Lakes Entertainment, Inc. issued a press release, announcing that the Shingle Springs Band of Miwok Indians (“Tribe”) has agreed to an amended tribal-state gaming compact (“Compact”) with the State of California (“State”).  The Compact has been signed by the Governor and the Tribe and requires final approval by the State legislature and the Secretary of the Interior approval published in the Federal Register.  The Compact, once effective, will reduce the required revenue share payments to the State.  The Compact requires the Tribe to restructure its payment obligations due and payable to Lakes by December 31, 2015.  Until the Tribe and Lakes reach a mutually acceptable resolution, the existing agreements between the Tribe and Lakes will remain in effect.

A copy of the press release is being furnished to the Securities and Exchange Commission and is attached as Exhibit 99.1 to this Form 8-K.

Item 9.01.               Financial Statements and Exhibits
 
 
(a)
Not Applicable
 
 
(b)
Not Applicable
 
 
(c)
Not Applicable
 
 
(d)
Exhibits
 
 
99.1
Lakes Entertainment, Inc. Press Release dated November 20, 2012.
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
 
LAKES ENTERTAINMENT, INC.
(Registrant)
 
     
     
     
     
       
Date: November 21, 2012
  /s/ Timothy J. Cope  
  Name: Timothy J. Cope  
  Title: President and Chief Financial Officer