Last $8.00 USD
Change Today 0.00 / 0.00%
Volume 21.9K
LACO On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

lakes entertainment inc (LACO) Snapshot

Open
$7.94
Previous Close
$8.00
Day High
$8.03
Day Low
$7.83
52 Week High
03/11/14 - $11.10
52 Week Low
11/19/13 - $7.52
Market Cap
107.1M
Average Volume 10 Days
20.4K
EPS TTM
$0.27
Shares Outstanding
13.4M
EX-Date
--
P/E TM
30.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for LAKES ENTERTAINMENT INC (LACO)

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lakes entertainment inc (LACO) Details

Lakes Entertainment, Inc. develops, finances, manages, and owns casino properties in the United States. It owns and operates the Rocky Gap Casino Resort, which includes a hotel, gaming facility, an event and conference center, a spa, four restaurants, and a golf course in Allegany County, Maryland. The company was formerly known as Lakes Gaming, Inc. and changed its name to Lakes Entertainment, Inc. in 2002. Lakes Entertainment, Inc. was founded in 1998 and is based in Minnetonka, Minnesota.

400 Employees
Last Reported Date: 03/14/14
Founded in 1998

lakes entertainment inc (LACO) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $600.0K
President, Chief Financial Officer, Principal...
Total Annual Compensation: $420.0K
Compensation as of Fiscal Year 2013.

lakes entertainment inc (LACO) Key Developments

Lakes Entertainment Files Articles of Amendment with the Minnesota Secretary of State

On September 9, 2014, Lakes Entertainment Inc. filed Articles of Amendment with the Minnesota Secretary of State to effect a 1-for-2 reverse split of the Company's issued and outstanding shares of common stock, par value $0.01 per share, to be effective at the opening of trading on September 10, 2014. The par value of the Common Stock will remain at $0.01 per share, but the Amendment will decrease the number of authorized shares of Common Stock from 200 million to 100 million. As a result of the Reverse Split, the number of shares of Common Stock outstanding will decrease from approximately 26.8 million to 13.4 million. Proportional adjustments will be made to the Company's outstanding stock options and warrants. Any fractional shares resulting from the Reverse Split will be rounded up to the next whole share. The Amendment was approved and adopted by the Company's Board of Directors in accordance with the applicable provisions of the Minnesota Business Corporation Act.

Lakes Entertainment Mulls Options

Lakes Entertainment Inc. (NasdaqGM:LACO) is evaluating alternatives. The company announced that Macquarie Group Limited (ASX:MQG) has been engaged to assist in evaluation of strategic alternatives aimed at enhancing shareholder value. Strategic alternatives that Lakes Entertainment may pursue may include, but are not limited to, potential acquisitions, joint ventures, recapitalizations, select asset divestitures, merger, reorganization or similar transactions, as well as continuing to operate the business in the ordinary course.

Lakes Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014

Lakes Entertainment Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, net earnings were $0.1 million, compared to net earnings of $0.2 million for the second quarter of 2013. Earnings from operations were $0.3 million compared to a loss from operations of $1.2 million for the second quarter of 2013. Basic and diluted earnings per share were less than $0.01 compared to basic and diluted earnings per share of $0.01 for the second quarter of 2013. Net revenues were $14.1 million, compared to prior-year second quarter net revenues of $8.5 million. Earnings before income taxes was $57,000 compared to $244,000 a year ago. For the six months, net losses were $1.7 million, compared to net losses of $0.1 million for the six months ended June 30, 2013. Loss from operations was $1.3 million compared to a loss from operations of $3.1 million for the first six months of 2013. Basic and diluted losses were $0.06 per share compared to basic and diluted losses of less than $0.01 per share for the first half of 2013. Net revenues were $26.4 million compared to net revenues of $11.9 million in the prior year period. Loss before income taxes was $1,711,000 compared to $89,000 a year ago.

 

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LACO Competitors

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Company Last Change
Century Casinos Inc $4.98 USD +0.08
Gaming Partners International Corp $8.22 USD -0.0039
Nevada Gold & Casinos Inc $1.25 USD +0.04
Southwest Casino Corp $0.0022 USD 0.00
Trans World Corp /Nev $3.24 USD 0.00
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Industry Analysis

LACO

Industry Average

Valuation LACO Industry Range
Price/Earnings 6.6x
Price/Sales 2.1x
Price/Book 0.9x
Price/Cash Flow 5.4x
TEV/Sales 0.3x
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