Industry Gaming Defunct 2015 | Founded 1998 | |
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Website www.lakesentertainment.com Subsidiaries Borders Land Co, Lakes Gaming | ||
Lakes entertainment corporate history video
Lakes Entertainment, Inc. was a gaming company based in Minnetonka, Minnesota. It merged with Golden Gaming in 2015 to form Golden Entertainment.
Contents
- Lakes entertainment corporate history video
- Lakes entertainment client testimonial
- History
- Properties
- References
Lakes entertainment client testimonial
History
The company was created in 1998 as part of the merger between Grand Casinos and Hilton's gaming businesses to form Park Place Entertainment. Park Place received Grand's three riverboat casinos in Mississippi, while Grand's other businesses, including management of Indian casinos, were spun off as Lakes Gaming. The name was changed to Lakes Entertainment in 2002 to reflect the company's involvement in the World Poker Tour and potentially other non-casino businesses.
Lakes developed the Red Hawk Casino in Shingle Springs, California for the Shingle Springs Band of Miwok Indians, and managed the casino from its opening in 2008 until 2013.
Lakes opened the Rocky Gap Casino Resort in Maryland in May 2013.
Lakes sold its interest in Dania Jai-Alai in 2014.
In January 2015, Lakes agreed to merge with Golden Gaming. The combined company would be named Golden Entertainment. Golden Gaming head Blake Sartini would own 35% of the company and serve as its chief executive officer, while Lakes head Lyle Berman would be a board member and consultant. In preparation for the merger, Lakes sold its 10 percent interest in Rock Ohio Ventures, which owns five casinos and racetracks in Ohio and Kentucky. The merger was completed on August 3, 2015.