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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 FSA5+3dMkmASAJ8DzFC8FQ==

<SEC-DOCUMENT>0000950134-04-007825.txt : 20040518
<SEC-HEADER>0000950134-04-007825.hdr.sgml : 20040518
<ACCEPTANCE-DATETIME>20040518135549
ACCESSION NUMBER:		0000950134-04-007825
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040518
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040518

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:		04815592

	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>c85675e8vk.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): May 18, 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 May 18, 2004.

ITEM 9.  REGULATION FD DISCLOSURE

         On May 18, 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: May 18, 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 May 18, 2004.




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c85675exv99w1.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, May 18, 2004

                  WORLD POKER TOUR ANNOUNCES LICENSING PARTNERS

            MANUFACTURERS TO BRING WPT-BRANDED MERCHANDISE TO MARKET
                           BEGINNING THIS FATHER'S DAY


MINNEAPOLIS, MN (MAY 18, 2004) -- World Poker Tour, LLC (WPT) announced today
that it has signed its first wave of license agreements as part of a
comprehensive brand licensing program with the following partners:

- -               THE UNITED STATES PLAYING CARD COMPANY, a maker of casino-grade
                playing cards and chips, will offer a complete set of WPT
                playing cards and chip sets to allow its fans to host
                casino-style poker games in their own home.

- -               JAKKS PACIFIC, Inc., a leading toy, writing instrument and
                leisure products company, will market a WPT TV Games line of
                plug it in and play video games housed inside a WPT-themed
                joystick. Games in the first unit will include Texas Hold `Em,
                based on the WPT television show. JAKKS' WPT TV Games is
                expected to hit retail shelves in late 2004.

- -               ODM, a manufacturer of edgy and lifestyle T-shirts, will sell a
                line of WPT-themed T-shirts across a variety of distribution
                channels.

- -               MDI ENTERTAINMENT LLC, (A SUBSIDIARY OF SCIENTIFIC GAMES), a
                company that creates state lottery games, has signed on to
                create a WPT Texas Hold `Em Scratch-off lottery game that will
                offer poker-related prizes.

- -               G-III APPAREL, a marketer and designer of fashion forward
                designer clothes and sports league apparel, will design WPT
                casual sportswear including jackets and jerseys.

- -               LAKES ENTERTAINMENT will license and market WPT All in Hold
                `Em(R) table games directly to casinos that will allow players
                to play a poker-themed table game that lets them strategize
                their betting and make "all-in" raises or bluffs. Lakes
                Entertainment owns approximately 80% of WPT.


<PAGE>






Brandgenuity LLC, a New-York based licensing agency, has assisted the WPT in the
strategic development and execution of its licensing program. For more
information on World Poker Tour licenses, contact Brandgenuity at 212-925-0730
or email info@brand-genuity.com. The company is located at 430 West 14th Street,
Suite 403, New York, NY 10014.

ABOUT THE WORLD POKER TOUR

World Poker Tour, LLC is an integrated media and entertainment company, engaged
in the development, production and marketing of television programming and live
events, and the licensing and sale of branded consumer products featuring the
World Poker Tour brand.

ABOUT BRANDGENUITY LLC

Brandgenuity LLC, an independent boutique trademark licensing agency based in
New York, provides turnkey licensing services to owners of famous trademarks.
The agency's four principals, Jay Asher, Adina Avery-Grossman, Louis Drogin and
Andrew Topkins, have more than 50 years of combined licensing and marketing
experience. Brandgenuity agency services include strategic licensing planning,
prospecting, negotiation, licensee management and program administration.
Brandgenuity's clients include Snapple(R), Yoohoo(R), This Old House(R), Outdoor
Life(R), Sports Illustrated(R), Orajel(R), Baby Orajel(R) and Meow Mix(R).

Lakes Entertainment, Inc. 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. In addition, Lakes Entertainment
owns approximately 80% of World Poker Tour, the entertainment and media company
that films and produces the World Poker Tour television series currently shown
on Travel Channel. 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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