-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 Kz8w9ctzFTHOHG442Rfojw==

<SEC-DOCUMENT>0000950134-04-010350.txt : 20040721
<SEC-HEADER>0000950134-04-010350.hdr.sgml : 20040721
<ACCEPTANCE-DATETIME>20040721171954
ACCESSION NUMBER:		0000950134-04-010350
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20040720
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040721

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:		04924954

	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>c86967e8vk.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): July 20, 2004


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


          MINNESOTA                      0-24993               41-1913991
(State or other jurisdiction    (Commission File Number)      (IRS Employer
       of incorporation)                                    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 July 20, 2004.
         99.2 Lakes Entertainment, Inc. Press Release dated July 21, 2004.

ITEM 9. REGULATION FD DISCLOSURE

         On July 20, 2004 and July 21, 2004, Lakes Entertainment, Inc. issued
press releases. A copy of each press release is attached as Exhibit 99.1 and
99.2, respectively, 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: July 21, 2004          By:  /s/Timothy J. Cope
                                 ------------------------------------------
                             Name: Timothy J. Cope
                             Title:   President and Chief Financial Officer


<PAGE>


                                  EXHIBIT INDEX

<Table>
<Caption>

EXHIBIT NO.       DESCRIPTION
- -----------       -----------
<S>               <C>

  99.1            Press Release dated July 20, 2004.
  99.2            Press Release dated July 21, 2004.
</Table>



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c86967exv99w1.txt
<DESCRIPTION>PRESS RELEASE DATED JULY 20, 2004
<TEXT>
<PAGE>


                                                                    EXHIBIT 99.1

(LAKES ENTERTAINMENT, INC. LOGO)                     NEWS RELEASE
                                                     LAKES ENTERTAINMENT, INC.
                                                     130 CHESHIRE LANE
                                                     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, July 20, 2004


                      WORLD POKER TOUR SEASON THREE: PARIS

WORLD POKER TOUR ATTRACTS RECORD CROWD FOR AVIATION CLUB DE FRANCE TOURNAMENT IN
PARIS. INCLUDING DEFENDING CHAMPIONS, TOP POKER PROS AND CELEBRITY PLAYERS


FRENCH SUPERSTAR SINGER/ACTOR PATRICK BRUEL AND TENNIS GREAT YEVGENY KAFELNIKOV
JOIN THE ACTION FOR THE LARGEST PRIZE POOL IN EUROPEAN POKER HISTORY

MINNEAPOLIS, JULY 20, 2004 - LAKES ENTERTAINMENT, INC. (NASDAQ "LACO") today
announced the Aviation Club de France (ACF), the leading Parisian poker salon,
announced that 205 players registered for its sold out WORLD POKER TOUR
tournament, more than doubling the 96 players who played last year. This sets
yet another attendance record for a WORLD POKER TOUR event.

According to ACF's Manager of Poker Operations, Bruno Fitoussi, the Aviation
Club has posted the largest prize pool in European poker history--2,050,000
Euros/$2,550,491.85 US--for its Grand Prix de Paris. The first place finisher in
this 10,000 Euro/$12,439 US buy-in tournament, which started Saturday the 17th
and ends Tuesday the 20th, will take home nearly $850,000.

Poker fans will be able to see the final table action when the show airs as part
of the 15-tour stop series in March on the Travel Channel. The WORLD POKER TOUR
series airs every Wednesday night at 9 p.m. ET/PT on the Travel Channel.

The WPT's tour stop in Paris attracted a mix of world class players from around
the globe, including the two previous champions--Christer Johannsson and David
Benyamine--and a lineup of international poker elite, including many WPT stars:
WPT Season Two Player of the Year Erik Lindgren (U.S.), WPT Champion Martin De
Knijff (Sweden), WPT Walk of Famer Gus Hansen (Denmark), two-time WPT winner
Howard Lederer, Carlos Mortenson (Spain), Mel Judah, David "Devilfish" Ulliott
(U.K.), and Daniel Negreanu (Canada).

Other top players include TJ Cloutier, John Juanda, Phil Ivey, Scotty Nguyen,
Farzad "Freddy" Bonyadi, Sami Farha, and the most recent World Champion--Greg
"Fossilman" Raymer.



<PAGE>


But some of the most recognizable faces at the table may not be poker stars.
Superstar actor/singer Patrick Bruel, oftentimes called the Brad Pitt of France,
is taking his place at the felt, alongside rising tennis champion Yevgeny
Kafelnikov, ranked in the top 10, who also has huge fan recognition.

Eighty percent owned by Lakes Entertainment, the World Poker Tour draws a weekly
television audience of more than five million viewers and is the highest rated
series in the history of The Travel Channel.

The next stop on the tour will spotlight the newest tournament on the
schedule--The Mirage in Las Vegas, July 29-August 1. To play in a WORLD POKER
TOUR event, go to www.worldpokertour.com for the complete 2004-2005 Tournament
Schedule and casino contacts. The WORLD POKER TOUR airs Wednesday nights at 9
p.m. ET/PT on The Travel Channel.

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

Lakes Entertainment, Inc. currently has development and management agreements
with three separate Tribes for one new casino operation in Michigan and two in
California. In addition, Lakes has agreements with the Nipmuc Nation for the
development and management of a potential additional casino on the East Coast.
However, the Nipmuc Nation has been denied recognition as an Indian Tribe by the
Bureau of Indian Affairs. Lakes also has agreements for the development of an
additional casino on Indian-owned land in California through a joint venture
with MRD Gaming, which is currently being disputed by the Tribe. Additionally,
the Company owns approximately 80% of World Poker Tour, LLC, a media and
entertainment company principally engaged in the development, production and
marketing of gaming themed televised programming, the licensing and sale of
branded products and the sale of corporate sponsorships.

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 plans 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>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>c86967exv99w2.txt
<DESCRIPTION>PRESS RELEASE DATED JULY 21, 2004
<TEXT>
<PAGE>


                                                                    EXHIBIT 99.2

(LAKES ENTERTAINMENT, INC. LOGO)                      NEWS RELEASE
                                                      LAKES ENTERTAINMENT, INC.
                                                      130 CHESHIRE LANE
                                                      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:
Wednesday, July 21, 2004



              LAKES ENTERTAINMENT, INC. RECEIVES NIGC APPROVAL OF
              GAMING MANAGEMENT CONTRACT WITH SHINGLE SPRINGS BAND


MINNEAPOLIS, JULY 21, 2004 - LAKES ENTERTAINMENT, INC. (NASDAQ "LACO") today
announced that it has been notified by the National Indian Gaming Commission
("NIGC") that the Development and Management Agreement between the Shingle
Springs Band of Miwok Indians and Lakes, a class II and III gaming management
contract, has been approved by the NIGC. The contract relates to a casino to be
built on the Rancheria of the Band in El Dorado County, California, the
development of which remains subject to various conditions.

Lyle Berman, Chairman and CEO of Lakes stated, "The Indian Gaming Regulatory Act
and the regulations of the NIGC require that the Chairman of the NIGC approve
management contracts for gaming operations on Indian lands, and we are very
pleased that the Chairman has approved our contract with the Shingle Springs
Band. This approval represents another significant step toward the successful
opening of a casino resort project with the Shingle Springs Band. We look
forward to obtaining all remaining permits and satisfying all other remaining
conditions so that construction can begin on this project."

Lakes Entertainment, Inc. currently has development and management agreements
with three separate Tribes for one new casino operation in Michigan and two in
California. In addition, Lakes has agreements with the Nipmuc Nation for the
development and management of a potential additional casino on the East Coast.
However, the Nipmuc Nation has been denied recognition as an Indian Tribe by the
Bureau of Indian Affairs. Lakes also has agreements for the development of an
additional casino on Indian-owned land in California through a joint venture
with MRD Gaming, which is currently being disputed by the Tribe. Additionally,
the Company owns approximately 80% of World Poker Tour, LLC, a media and
entertainment company principally engaged in the development, production and
marketing of gaming themed televised programming, the licensing and sale of
branded products and the sale of corporate sponsorships.

<PAGE>


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 plans 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>
-----END PRIVACY-ENHANCED MESSAGE-----
