lakes entertainment inc (LACO:NASDAQ GM)

Executive Profile*

Background*

Mr. Lyle A. Berman has been the Chief Executive Officer of Lakes Entertainment Inc., (formerly, Lakes Gaming Inc.) since June 1998. Mr. Berman served as the Chief Executive Officer of ante4, Inc. (alternate name, World Poker Tour, LLC) and Voyager Oil & Gas, Inc. from February 25, 2004 to April 1, 2005. He served as the President of Lakes Entertainment Inc. from November 1999 to May 14, 2003. He served as the Chief Executive Officer of Grand Casinos Inc. from October ... 1991 to March 1998 and served as its Chairman of the Board from October 1991 to December 1998. In 1990, he participated in the founding of Grand Casinos, Inc. He served as the Chief Executive Officer of Rainforest Cafe Inc., from February 1994 to December 2000. He served as Chief Executive Officer of Stratosphere's from July 1994 to October 1996. He began his career with Berman Buckskin, his family's leather business. Over the next 16 years, he helped grow the business into a major specialty retailer, with 27 outlets. When Berman's was sold to W.R. Grace in 1979, he continued as President and Chief Executive Officer. He has been Executive Chairman of Lakes Entertainment Inc. since June 1998. He served as Chairman of the Board of PokerTek, Inc. from January 2005 to September 30, 2011. He served as the Executive Chairman of Voyager Oil & Gas, Inc. since April 1, 2005 and served as its Chairman since March 2002. He served as the Chairman of Emerald Oil, Inc. since April 1, 2005 and Rainforest Cafe Inc., from February 1994 to 2000. Mr. Berman served as an Executive Chairman of ante4, Inc. from April 1, 2005 to 2009 and its Chairman of the Board from March 2002 to April 6, 2005. He served as Chairman of Stratosphere Corporation from 1993 to 1997. He served as Chairman of the Board from July 1996 to July 1997. He has been a Director of Redstone American Grill, Inc. since August 2009, New Horizon Kids Quest, Inc. since May 1994 and PokerTek, Inc. since January 2005. He has been Executive Director of Lakes Entertainment Inc. since 1998. He serves as a Director for Emerald Oil, Inc. He serves as a Director of Innovative Gaming Corp. of America ('IGCA'). He served as a Director of Rainforest Cafe Inc., since February 1994. He served as a Director of Black Ridge Oil & Gas, Inc (also known as ante5, Inc.) from April 2010 to November 12, 2010; ante4, Inc., since March 2002 and G-III Apparel Group Ltd. from 1989 to January 1, 2004. From July 1994 to July 1997, he served as a Director of Stratosphere. He served as Director of Grand Casinos, Inc. from October 1991 to December 1998. He served as a Director of PreVu, Inc. (also known as Wilsons The Leather Experts Inc.) from May 1996 to April 21, 2005. In October 1995, he was honored with the B'nai B'rith "Great American Traditions Award," in April, 1996, he received the Gaming Executive of the Year Award, and in 2004 he was inducted into the Poker Hall of Fame. Mr. Berman received a B.S. degree in Business Administration from University of Minnesota in 1964.

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