Pokagon Band of Potawatomi Indians Announces Early Buy-Out of Management Agreement With Lakes Entertainment

NEW BUFFALO, MI--(Marketwire - Jul 1, 2011) - The Pokagon Band of Potawatomi Indians is pleased to announce the early buy-out of its agreement with Lakes Entertainment, Inc. (NASDAQ: LACO), which provided development and management services for its Four Winds Casino Resort.

Commenting on the buy-out of the management agreement with Lakes Entertainment, Matt Wesaw, Chairman of the Pokagon Band of Potawatomi Indians said, "The early buy-out of our management agreement with Lakes Entertainment is a direct result of the tremendous success we have achieved with Four Winds Casino Resort. Lakes Entertainment has been a valuable and trusted partner for many years and we greatly appreciate everything they have done to help us achieve our independence. On behalf of all Pokagon Citizens and employees of Four Winds Casino Resort, I'd personally like to thank Lyle Berman, Tim Cope and the rest of the Lakes Entertainment management team."

Through its development and management agreement with Lakes Entertainment, the Pokagon Band of Potawatomi Indians opened the Four Winds Casino Resort in August 2007. Four Winds Casino Resort quickly established itself as the premier gaming destination in the Midwest, and recently the Pokagon Band announced that its newest casino, Four Winds Hartford, in Hartford, Mich., will open in August of this year.

About The Pokagon Band of Potawatomi Indians
The Pokagon Band of Potawatomi Indians' Tribal Recognition was restored and signed into law by President Clinton in September of 1994. The Tribe's ten county service area includes four counties in Southwestern Michigan and six in Northwestern Indiana. The Pokagon Band provides services including housing, education, family services, medical care and cultural preservation to approximately 4,400 citizens of the Tribe. In 2007, it opened Four Winds Casino Resort in New Buffalo, Mich., which is the premier gaming destination in the Midwest. The Tribe's administrative offices are located in Dowagiac, Mich. More information is available at www.pokagon.com.

About Four Winds Casino Resort
Four Winds Casino Resort is owned by the Pokagon Band of Potawatomi Indians and is located at 11111 Wilson Road in New Buffalo, Mich. The resort offers 135,000 square feet of gaming with approximately 3,000 slot machines and a large selection of table games including poker. It also features four restaurants, entertainment bars and retail venues, and a 165-room hotel, making it the premier destination resort for Midwest tourism. Please play responsibly. You must be 21 years of age to gamble. More information can be found at www.fourwindscasino.com.