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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-04-006075.txt : 20040428
<SEC-HEADER>0000950134-04-006075.hdr.sgml : 20040428
<ACCEPTANCE-DATETIME>20040428130259
ACCESSION NUMBER:		0000950134-04-006075
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040427
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040428

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAKES ENTERTAINMENT INC
		CENTRAL INDEX KEY:			0001071255
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				411913991
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24993
		FILM NUMBER:		04759649

	BUSINESS ADDRESS:	
		STREET 1:		130 CHESHIERE LANE
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55305
		BUSINESS PHONE:		6124499092

	MAIL ADDRESS:	
		STREET 1:		130 CHESHIRE LANE
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55305

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LAKES GAMING INC
		DATE OF NAME CHANGE:	19980929
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c84987e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                       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): April 27, 2004


                            LAKES ENTERTAINMENT, INC.
             (Exact name of registrant as specified in its charter)


         MINNESOTA                       0-24993                41-1913991
(State or other jurisdiction        (Commission File           (IRS Employer
     of incorporation)                   Number)            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)



<PAGE>



ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

      (c)     Exhibits

          99.1  Lakes Entertainment, Inc. Press Release dated April 27, 2004.

ITEM 9.  REGULATION FD DISCLOSURE

         On April 27, 2004, Lakes Entertainment, Inc. issued a press release. A
copy of the press release is attached as Exhibit 99.1 to this Form 8-K.



                                    SIGNATURE


         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: April 28, 2004                         By:  /s/Timothy J. Cope
                                                  ------------------------------
                                                  Name: Timothy J. Cope
                                                  Title: President and Chief
                                                         Financial Officer


<PAGE>



                                  EXHIBIT INDEX


EXHIBIT NO.                DESCRIPTION
- -----------                -----------
  99.1                     Press Release dated April 27, 2004.




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c84987exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>



                                                                    EXHIBIT 99.1

                                                      NEWS RELEASE
                                                      LAKES ENTERTAINMENT, INC.
                                                      130 CHESHIRE LANE
[LAKES ENTERTAINMENT, INC. LOGO]                      MINNETONKA, MN  55305
                                                      952-449-9092
                                                      952-449-9353 (fax)
                                                      WWW.LAKESENTERTAINMENT.COM
                                                      TRADED: NASDAQ "LACO"

- --------------------------------------------------------------------------------
FOR FURTHER INFORMATION CONTACT:
Timothy J. Cope 952-449-7030
- --------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE:
Tuesday, April 27, 2004


              MARTIN DEKNIJFF WINS $2.7 MILLION IN WORLD POKER TOUR
        CHAMPIONSHIP, LARGEST FIRST PRIZE EVER PAID IN TOURNAMENT POKER


MINNEAPOLIS, APRIL 27, 2004 -- On the final episode of its second season, the
WORLD POKER TOUR (WPT) awarded $2,728,356 to Martin Deknijff of Stockholm,
Sweden, the winner of its WPT Championship tournament at Bellagio in Las Vegas.
The total was the largest prize ever paid to a single individual place finisher
in a televised poker tournament or North American sporting event. Deknijff
outlasted 342 poker players in a tournament that will air on The Travel Channel
on June 30.

"This is a dream come true. To win the World Poker Tour Championship and the
biggest tournament ever in poker...it is just overwhelming," said the
32-year-old Deknijff, who stated his first post-tournament act would be to wake
up his seven-year-old son Robin and tell him the news. Deknijff has made his
living combining sports betting, poker and professional bridge since he
graduated high school in Sweden. He has recently moved to Las Vegas.

The top 50 players in the WPT Championship each earned a share in the $8,342,000
prize pool, the most ever for a poker tournament. The buy-in was $25,300, the
largest poker tournament entry fee to date.

Coming into the final table were Dekenijff, who was the chip leader; Matt Matros
of Bronxville, NY; Richard Grijalva of Las Vegas; Hassan Habib of Downey, CA;
Russell Rosenblum of Bethesda, MD and Steve Brecher of Reno, NV.

Poker pro Habib walked away with $1,372,223; Matt Matros, a grad student at
Sarah Lawrence College took home $706,903; Grijalva claimed $457,408; Rosenblum
won $332,660 and earned Brecher $232,862.

The $2.7 million to the victor was more than double the $1,011,886 prize money
paid to the winner for the inaugural World Poker Tour Championship, which aired
last year on The Travel Channel.


                                     (more)


<PAGE>




"We are truly excited about having hosted the record-breaking 2004 World Poker
Tour Championship and Five Star World Poker Tour Classic at Bellagio," said Doug
Dalton, director of poker operations at Bellagio. "This was another successful
tournament and we look forward to hosting additional WPT events in the near
future, including the 2005 WPT Championship."

World Poker Tour, LLC is a media and entertainment company principally engaged
in a development, production and marketing of gaming-themed televised
programming, the licensing and sale of branded products and the sale of
corporate sponsorships.

The World Poker Tour is a joint venture between Steven Lipscomb and Lakes
Entertainment, Inc., which owns approximately 80% of WPT. Lakes currently has
development and management agreements with four separate Tribes for four new
casino operations, one in Michigan, two in California and one with the Nipmuc
Nation on the East Coast. In addition, Lakes Entertainment has agreements for
the development of one additional casino on Indian-owned land in California
through a joint venture with MRD Gaming, which is currently being disputed by
the Tribe. Lakes Entertainment, Inc. common shares are traded on the Nasdaq
National Market under the trading symbol "LACO".



- --------------------------------------------------------------------------------
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this press
release (as well as information included in oral statements or other written
statements made or to be made by Lakes Entertainment, Inc.) contains statements
that are forward-looking, such as statements relating to plan for future
expansion and other business development activities as well as other capital
spending, financing sources and the effects of regulation (including gaming and
tax regulation) and competition. Such forward-looking information involves
important risks and uncertainties that could significantly affect anticipated
results in the future and, accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of the Company.
These risks and uncertainties include, but are not limited to, possible delays
in completion of Lakes' casino projects, including various regulatory approvals
and numerous other conditions which must be satisfied before completion of these
projects; possible termination or adverse modification of management contracts;
continued indemnification obligations to Grand Casinos; highly competitive
industry; possible changes in regulations; reliance on continued positive
relationships with Indian tribes and repayment of amounts owed to Lakes by
Indian tribes; possible need for future financing to meet Lakes' expansion
goals; risks of entry into new businesses; and reliance on Lakes' management.
For more information, review the Company's filings with the Securities and
Exchange Commission.
- --------------------------------------------------------------------------------





</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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