Lakes Entertainment (LACO) Narrows Q4 Loss

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Go back to Lakes Entertainment (LACO) Narrows Q4 Loss

Lakes Entertainment Announces Results for Fourth Quarter and Full Year 2014

March 12, 2015 6:30 AM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Lakes Entertainment, Inc. (NASDAQ: LACO) today announced results for the three and twelve months ended December 28, 2014.

Fourth Quarter Results

Lakes Entertainment reported fourth quarter 2014 net revenues of $12.8 million, compared to prior-year fourth quarter net revenues of $11.4 million. Net revenues were related to the operation of Rocky Gap Casino Resort near Cumberland, Maryland (Rocky Gap). Lakes acquired this property in August 2012 and gaming operations began on May 22, 2013. The increase in net revenues was primarily related to an increase in gaming revenues during the fourth quarter of 2014 compared to the fourth... More