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<SEC-DOCUMENT>0001398432-10-000441.txt : 20100621
<SEC-HEADER>0001398432-10-000441.hdr.sgml : 20100621
<ACCEPTANCE-DATETIME>20100621152521
ACCESSION NUMBER:		0001398432-10-000441
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100621
DATE AS OF CHANGE:		20100621
GROUP MEMBERS:		PAR CAPITAL MANAGEMENT, INC.
GROUP MEMBERS:		PAR GROUP, L.P.

SUBJECT COMPANY:	

	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:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-54993
		FILM NUMBER:		10907958

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAR INVESTMENT PARTNERS LP
		CENTRAL INDEX KEY:			0001066867
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		C/O PAR CAPITAL MGT
		STREET 2:		ONE INTERNATIONAL PLACE, SUITE 2401
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6175268964

	MAIL ADDRESS:	
		STREET 1:		ONE INTERNATIONAL PLACE, SUITE 2400
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>i10950.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>SC 13G/A</TITLE>
</HEAD>
<BODY leftmargin="25" topmargin="25" style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px">
<DIV style="width: 700; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 700; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>
<P align="center" style="font-size: 14pt"><B>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>WASHINGTON, D.C. 20549</B>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>SCHEDULE 13G</B></DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 3pt">(Rule&nbsp;13d-102)</DIV>

<P align="center" style="font-size: 12pt; margin-bottom:12pt; line-height:normal"><B>INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT<BR>
TO RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED<BR>
PURSUANT TO RULE 13d-2(b)<BR>
(Amendment No. )<sup>1</sup>
</B></p>

<TABLE width="575" style="font-size:10pt" cellspacing=0 align="center"><TR><TD style="border-bottom:1px solid #000000" valign=top><P style="line-height:22pt; margin:0px; font-size:20pt" align=center>Lakes Entertainment Inc.</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px" align=center>(Name of Issuer)</P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>Common stock, par value $.01</P>
</TD>
</TR>
<TR><TD valign=top><P style="margin:0px" align=center>(Title of class of securities)</P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>51206P109</P>
</TD>
</TR>
<TR><TD valign=top><P style="margin:0px" align=center>(CUSIP Number)</P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>June 10, 2010</P>
</TD>
</TR>
<TR><TD valign=top><P style="margin:0px" align=center>(Date of event which requires filing of this statement)</P>
</TD></TR>
</TABLE>
<P align="left" style="font-size: 10pt">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</P>
<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT>&nbsp;Rule 13d-1(b)</P>
<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#254;</FONT>&nbsp;Rule 13d-1(c)</P>
<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT>&nbsp;Rule 13d-1(d)</P>

<P align="CENTER" style="font-size: 10pt">(Continued on the following pages)</P>
<P align="CENTER" style="font-size: 10pt">(Page 1 of 8 pages)</P>

<P align="left" style="font-size: 10pt"><sup>1</sup>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The remainder of this cover page shall be filled out for a reporting person&#146;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

<P align="left" style="font-size: 10pt; text-indent:20pt">The information required on the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section&nbsp;18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, <i>see</i> the <i>Notes</i>).

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<br>
<HR noshade>
</div>
<DIV style="width:720px">
<H5 align="left" style="page-break-before:always">&nbsp;</H5>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD colspan="2"><P align="center" style="font-size: 10pt"><b>SCHEDULE 13G</b></p></TD>
<TD><DIV style="margin-left:0px; text-indent:-0px">
  <div align="right">Page 2 of 8 Pages</div>
</DIV></TD>
</TR>
<TR valign="bottom">
<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.</DIV></TD>
<TD>&nbsp;</TD>
<TD width="20%" align="center" valign="top"><DIV style="border: 1px solid #000000">51206P109</DIV></TD>
<TD width="55%" align="center">&nbsp;</TD>
<!-- End Table Body -->
</TABLE>
</DIV>


<P><DIV style="width: 700; border: 1px solid black"><DIV align="center">

<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
<!-- Begin Table Head --><TR style="font-size: 1px">
<TD width="5%">&nbsp;</TD>
<TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="83%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
<TD valign="middle" align="center" rowspan="2"><FONT style="font-size: 18pt"><B>1</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" valign="top">NAMES OF REPORTING PERSONS<br><br>
</TD>
</TR>
<tr>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PAR Investment Partners, L.P.</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>


<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>2</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>(SEE INSTRUCTIONS)<br><br></TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(a)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(b)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#254;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>3</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">SEC USE ONLY</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>4</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CITIZENSHIP OR PLACE OF ORGANIZATION</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">State of Delaware</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>5</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">NUMBER OF</TD>
<TD>&nbsp;</TD>
<TD align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">SHARES</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>6</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">BENEFICIALLY</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">OWNED BY</TD>
<TD>&nbsp;</TD>
<TD>None</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">EACH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>7</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">REPORTING</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">PERSON</TD>
<TD>&nbsp;</TD>
<TD align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">WITH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>8</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="left">None</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>9</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>10</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK IF THE AGGREGATE AMOUNT IN ROW (9)&nbsp;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>11</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">5.29% Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>12</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PN</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>
</DIV>
</DIV>

<!-- PAGEBREAK -->
<HR noshade>
</DIV>



<DIV style="width:720px">
<H5 align="left" style="page-break-before:always">&nbsp;</H5>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD colspan="2"><P align="center" style="font-size: 10pt"><b>SCHEDULE 13G</b></p></TD>
<TD><DIV style="margin-left:0px; text-indent:-0px">
  <div align="right">Page 3 of 8 Pages</div>
</DIV></TD>
</TR>
<TR valign="bottom">
<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.</DIV></TD>
<TD>&nbsp;</TD>
<TD width="20%" align="center" valign="top"><DIV style="border: 1px solid #000000">51206P109</DIV></TD>
<TD width="55%" align="center">&nbsp;</TD>
<!-- End Table Body -->
</TABLE>
</DIV>


<P><DIV style="width: 700; border: 1px solid black"><DIV align="center">

<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
<!-- Begin Table Head --><TR style="font-size: 1px">
<TD width="5%">&nbsp;</TD>
<TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="83%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
<TD valign="middle" align="center" rowspan="2"><FONT style="font-size: 18pt"><B>1</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" valign="top">NAMES OF REPORTING PERSONS<br><br>
</TD>
</TR>
<tr>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PAR Group, L.P.</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>


<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>2</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>(SEE INSTRUCTIONS)<br><br></TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(a)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(b)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#254;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>3</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">SEC USE ONLY</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>4</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CITIZENSHIP OR PLACE OF ORGANIZATION</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">State of Delaware</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>5</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">NUMBER OF</TD>
<TD>&nbsp;</TD>
<TD align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">SHARES</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>6</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">BENEFICIALLY</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">OWNED BY</TD>
<TD>&nbsp;</TD>
<TD>None</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">EACH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>7</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">REPORTING</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">PERSON</TD>
<TD>&nbsp;</TD>
<TD align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">WITH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>8</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="left">None</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>9</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>10</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK IF THE AGGREGATE AMOUNT IN ROW (9)&nbsp;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>11</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">5.29% Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>12</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PN</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>
</DIV>

<HR noshade></DIV>


<DIV style="width:720px">
<p align="left" style="page-break-before:always">&nbsp;</p>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD colspan="2"><P align="center" style="font-size: 10pt"><b>SCHEDULE 13G</b></p></TD>
<TD><DIV style="margin-left:0px; text-indent:-0px">
  <div align="right">Page 4 of 8 Pages</div>
</DIV></TD>
</TR>
<TR valign="bottom">
<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.</DIV></TD>
<TD>&nbsp;</TD>
<TD width="20%" align="center" valign="top"><DIV style="border: 1px solid #000000">51206P109</DIV></TD>
<TD width="55%" align="center">&nbsp;</TD>
<!-- End Table Body -->
</TABLE>
</DIV>


<P><DIV style="width: 700; border: 1px solid black"><DIV align="center">

<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
<!-- Begin Table Head --><TR style="font-size: 1px">
<TD width="5%">&nbsp;</TD>
<TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="83%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
<TD valign="middle" align="center" rowspan="2"><FONT style="font-size: 18pt"><B>1</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" valign="top">NAMES OF REPORTING PERSONS<br><br>
</TD>
</TR>
<tr>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PAR Capital Management, Inc.</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>


<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>2</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>(SEE INSTRUCTIONS)<br><br></TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(a)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(b)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#254;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>3</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">SEC USE ONLY</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>4</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CITIZENSHIP OR PLACE OF ORGANIZATION</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">State of Delaware</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>5</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">NUMBER OF</TD>
<TD>&nbsp;</TD>
<TD align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">SHARES</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>6</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">BENEFICIALLY</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">OWNED BY</TD>
<TD>&nbsp;</TD>
<TD>None</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">EACH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>7</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">REPORTING</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">PERSON</TD>
<TD>&nbsp;</TD>
<TD align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">WITH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>8</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="left">None</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>9</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">1,396,024 Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>10</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK IF THE AGGREGATE AMOUNT IN ROW (9)&nbsp;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>11</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">5.29% Common stock, par value $.01</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>12</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CO</TD>
</TR>
</TABLE>
</DIV>
</DIV>

<hr noshade>
</DIV>
<p align="left" style="page-break-before:always">&nbsp;</p>

<DIV style="width:720px">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD colspan="2"><P align="center" style="font-size: 10pt"><b>STATEMENT ON SCHEDULE 13G</b></p></TD>
<TD><DIV style="margin-left:0px; text-indent:-0px">
  <div align="right">Page 5 of 8 Pages</div>
</DIV></TD>
</TR>
<TR valign="bottom">
<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.</DIV></TD>
<TD>&nbsp;</TD>
<TD width="20%" align="center" valign="top"><DIV style="border: 1px solid #000000">51206P109</DIV></TD>
<TD width="55%" align="center">&nbsp;</TD>
<!-- End Table Body -->
</TABLE>
</DIV>
<P style="margin:0px"><BR></P>

<TABLE width="700" style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=74.4></TD><TD width=15.733></TD><TD width=97.067></TD><TD width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 1(a).</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>Name of Issuer</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">Lakes Entertainment, Inc.</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 1(b).</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>Address of Issuer's Principal Executive Offices</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">130 Cheshire Lane, Suite 101</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">Minnetonka, Minnesota&nbsp; 55305</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 2(a).</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>Name Person Filing</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">PAR Investment Partners, L.P</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">PAR Group, L.P.</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">PAR Capital Management, Inc.</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 2(b).</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>Business Mailing Address for the Person Filing:</U></P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">PAR Capital Management, Inc.</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">One International Place, Suite 2401</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">Boston, MA 02110</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 2(c).</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>Citizenship</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">State of Delaware</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 2(d).</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>Title of Class of Securities</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">Common stock, par value $.01</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 2(e).</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>CUSIP Number</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">51206P109</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 3.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">Not Applicable</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 4.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px"><U>Ownership</U>:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">(a) &nbsp;Amount Beneficially Owned:</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P>&nbsp;</P></TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">1,396,024 common stock, par value $.01</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">(b) &nbsp;Percent of Class:</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P>&nbsp;</P></TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">5.29% common stock, par value $.01</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267 colspan=2><P style="line-height:10.9pt; margin:0px">(c) &nbsp;Number of shares as to which such person has:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>

<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P style="line-height:10.9pt; margin:0px" align=right>(i)</P>
</TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">sole power to vote or to direct the vote:</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P>&nbsp;</P></TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">1,396,024 common stock, par value $.01</P>
</TD></TR>


<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P style="line-height:10.9pt; margin:0px" align=right>(ii)</P>
</TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">shared power to vote or to direct the vote:</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P style="line-height:10.9pt; margin:0px" align=right>(iii)</P>
</TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">sole power to dispose or to direct the disposition of:</P>
</TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P>&nbsp;</P></TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">1,396,024 common stock, par value $.01</P>
</TD></TR>
<TR><TD valign=top width=74.4 height="6pt"></TD><TD valign=top width=15.733></TD><TD valign=top width=97.067></TD><TD valign=top width=472.2></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=97.067><P style="line-height:10.9pt; margin:0px" align=right>(iv)</P>
</TD><TD valign=top width=472.2><P style="line-height:10.9pt; margin:0px; padding-left:28.8px">shared power to dispose or to direct the disposition of:</P>
</TD></TR>
</TABLE>
<HR noshade></DIV>
<p align="left" style="page-break-before:always">&nbsp;</p>


<DIV style="width:720px">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD colspan="2"><P align="center" style="font-size: 10pt"><b>STATEMENT ON SCHEDULE 13G</b></p></TD>
<TD><DIV style="margin-left:0px; text-indent:-0px">
  <div align="right">Page 6 of 8 Pages</div>
</DIV></TD>
</TR>
<TR valign="bottom">
<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.</DIV></TD>
<TD>&nbsp;</TD>
<TD width="20%" align="center" valign="top"><DIV style="border: 1px solid #000000">51206P109</DIV></TD>
<TD width="55%" align="center">&nbsp;</TD>
<!-- End Table Body -->
</TABLE>
</DIV>
<P style="margin:0px"><BR></P>

  <TABLE width="700" style="font-size:10pt" cellspacing=0>
    <TR height=0 style="font-size:0"><TD width=74.4></TD><TD width=15.733></TD><TD width=569.267></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 5.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px"><U>Ownership of Five Percent or Less of a Class</U>:</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px">Not Applicable</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 6.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px"><U>Ownership of More than Five Percent on Behalf of Another Person</U>:</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px">Not Applicable</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD width=74.4 height="31" valign=top><P style="line-height:10.9pt; margin:0px">Item 7.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px"><U>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company</U>:</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px">Not Applicable</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 8.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px"><U>Identification and Classification of Members of the Group</U>:</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px">Not Applicable</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 9.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px"><U>Notice of Dissolution of Group</U>:</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px">Not Applicable</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P style="line-height:10.9pt; margin:0px">Item 10.</P>
</TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px"><U>Certification</U>:</P>
</TD></TR>
<TR><TD width=74.4 valign=top height="6pt"></TD><TD width=15.733 valign=top></TD><TD width=569.267 valign=top></TD></TR>
<TR><TD valign=top width=74.4><P>&nbsp;</P></TD><TD valign=top width=15.733><P>&nbsp;</P></TD><TD valign=top width=569.267><P style="line-height:10.9pt; margin:0px; text-indent:34.8px" align=justify>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</P>
</TD></TR>
</TABLE>
<BR>
<HR noshade></DIV>
<DIV style="width:720px">
<P style="margin-top:0px; page-break-before:always" align="right">&nbsp;</P>
<DIV style="width:720px">


<P ALIGN=CENTER><FONT SIZE=2><B>SIGNATURE </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Stroock Para Large Indent" FSL="Workstation" -->
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After
reasonable inquiry and to the best of my knowledge and belief, I certify that the  information set forth in this statement is true, complete and correct. </FONT></P>
<P ALIGN=LEFT><FONT SIZE=2>Dated: June 21, 2010</FONT></P>
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="55%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PAR INVESTMENT PARTNERS, L.P.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:&nbsp;&nbsp;
PAR GROUP, L.P.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;its general partner<BR>
By:&nbsp;&nbsp;
PAR CAPITAL MANAGEMENT, INC.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;its general partner<BR><br>
By:&nbsp;&nbsp;<U>
/s/ Gina DiMento</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gina DiMento, General Counsel<BR>
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PAR GROUP, L.P.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:&nbsp;&nbsp;
PAR CAPITAL MANAGEMENT, INC.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;its general partner<BR><br>
By:&nbsp;&nbsp;<U>
/s/ Gina DiMento</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gina DiMento, General Counsel</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
	 <TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PAR CAPITAL MANAGEMENT, INC.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
By:&nbsp;&nbsp;<U>
/s/ Gina DiMento</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gina DiMento, General Counsel<BR></FONT></TD>
</TR>
</TABLE>
</div>
<BR>
<HR noshade></DIV>
<p align="left" style="page-break-before:always">&nbsp;</p>
<DIV style="width:720px">
<P style="margin-top:0px" align="right">&nbsp;</P>
<P style="margin:0px" align=center>JOINT FILING AGREEMENT</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the COMMON STOCK, PAR VALUE $.01 of Lakes Entertainment, Inc. and further agree that this agreement be included as an exhibit to such filing. &nbsp;Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. &nbsp;Each party to this agreement agrees that this joint filing agreement may be signed in counterparts.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 21<SUP>st</SUP> day of June, 2010.</P>
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<P style="margin:0px; padding-left:288px">PAR INVESTMENT PARTNERS, L.P.</P>
<P style="margin:0px; padding-left:288px">By: &nbsp;&nbsp;&nbsp;&nbsp;PAR GROUP, L.P. </P>
<P style="margin:0px; padding-left:324px">its general partner</P>
<P style="margin:0px; padding-left:288px">By: &nbsp;&nbsp;&nbsp;&nbsp;PAR CAPITAL MANAGEMENT, INC.</P>
<P style="margin:0px; padding-left:324px">its general partner</P>
<P style="line-height:10.9pt; margin:0px; padding-left:288px">By: &nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Gina DiMento</U></P>
<P style="line-height:10.9pt; margin:0px; padding-left:322px">Gina DiMento, General Counsel</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:288px">PAR GROUP, L.P.</P>
<P style="margin:0px; padding-left:288px">By: &nbsp;&nbsp;&nbsp;&nbsp;PAR CAPITAL MANAGEMENT, INC.</P>
<P style="margin:0px; padding-left:324px">its general partner</P>
<P style="margin:0px"><BR></P>
<P style="line-height:10.9pt; margin:0px; padding-left:288px">By: &nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Gina DiMento</U></P>
<P style="line-height:10.9pt; margin:0px; padding-left:322px">Gina DiMento, General Counsel</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:288px">PAR CAPITAL MANAGEMENT, INC.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:10.9pt; margin:0px; padding-left:288px">By: &nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Gina DiMento</U></P>
<P style="line-height:10.9pt; margin:0px; padding-left:322px">Gina DiMento, General Counsel</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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