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                                                                    EXHIBIT 99.1

Monday, May 15, 6:01 p.m. Eastern Time


                LAKES GAMING ADOPTS SHAREHOLDER RIGHTS PLAN

MINNEAPOLIS, May 15 (Reuters) - Casino management company Lakes Gaming Inc.
(NasdaqNM:LACO - news) said on Monday its board adopted a shareholder rights
plan to ensure fair treatment of shareholders in connection with any potential
takeover of the company.

Lakes Gaming said the rights agreement is not in response to any hostile
attempt to acquire control of Lakes Gaming.

The company said it declared a dividend of one right on each outstanding share
of its common stock to shareholders of record on May 15.

The shareholder rights plan, which is similar to plans adopted by many other
U.S. companies, strengthens the ability of the board to assure that Lakes
Gaming's shareholders receive fair and equal treatment, and to protect the
interest of the shareholders in the event of any unsolicited offer to acquire
control of the Company.

The rights will expire on May 12, 2010, unless their term is otherwise extended
by the board.

Shares of Lakes Gaming closed up 13/16 at 9-5/16 on Nasdaq.


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