UNITED STATES
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): February 24, 2012
Lakes Entertainment, Inc.
(Exact name of registrant as specified in its charter)
| | | | |
Minnesota | | 0-24993 | | 41-1913991 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer 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)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 | Regulation FD Disclosure |
On February 24, 2012, Lakes Entertainment, Inc. (“Lakes”) issued a press release announcing that it has entered into an agreement to buy out Addy Entertainment, LLC’s (“Addy”) interest in Evitts Resort, LLC (“Evitts”), a joint venture between Lakes and Addy. In September 2011, Evitts submitted a response to a request for proposal by the State of Maryland Video Lottery Facility Location Commission (the “Commission”) for a video lottery operation license at the Rocky Gap Lodge & Golf Resort in Cumberland, Maryland. Subsequent to the buy-out, Lakes will be the sole owner of Evitts. The buy-out is contingent on Evitts being awarded the license by the Commission, which has not yet selected a recipient of the license.
A copy of the press release is being furnished to the Securities and Exchange Commission and is attached as Exhibit 99.1 to this
Form 8-K.
Item 9.01 | Financial Statements and Exhibits |
| 99.1 | Lakes Entertainment, Inc. Press Release dated February 24, 2012. |
SIGNATURES
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: February 27, 2012 | | /s/ Timothy J. Cope |
| | Name: Timothy J. Cope |
| | Title: President and Chief Financial Officer |