Casino and Gambling NewsUS Casino Magazine Directory - Return to Casino News Menu Lakes Entertainment, Inc. Announces Appeal in TOMAC Case MINNEAPOLIS--(BUSINESS WIRE)--May 26, 2005--Lakes Entertainment, Inc. (Nasdaq:LACOE) announced today that the Taxpayers of Michigan Against Casinos ("TOMAC") has appealed a federal judge's recent decision to dismiss its lawsuit seeking to block the construction of a casino to be built by the Pokagan Band of Potawatomi Indians in New Buffalo Township, Michigan. TOMAC sued the U. S. Department of the Interior and the Bureau of Indian Affairs ("BIA") in 2001 to block the construction of the Four Winds Casino, a resort development consisting of a casino, restaurants, parking garage, hotel and special events center. Most of the suit was dismissed in March 2002, and in March 2005 U.S. District Judge James Robertson dismissed the remaining issue, ruling that the BIA's environmental assessment found that the casino would have no significant impact on the environment. The decision cleared the way for the Bureau of Indian Affairs to take land into trust for the Pokagon Band of the Potawatomi Indian tribe to build the Four Winds Casino. TOMAC's appeal was filed in response to the District Judge's ruling on the lawsuit. An agreement has been reached between the Department of Justice and TOMAC to not take the land into trust during the appeal process in exchange for TOMAC agreeing to a "fast track" hearing process. Nevertheless, the appeal could delay the land in trust decision by eight to ten months. The Tribe indicated that they are confident that they will prevail in the appeal. "TOMAC will not win this appeal," said Pokagon Tribal Chairman John Miller. "They will lose it just like they have lost the past six rulings in the state and federal courts. Their scorched earth-style litigation will do nothing more than again delay our ability to become self-sufficient while denying 3,500 residents new jobs." Lakes has an agreement with the Pokagon Band to develop and manage the casino and is ready to proceed with construction as soon as the land is placed into trust. About Lakes Entertainment Lakes Entertainment, Inc. currently has development and management agreements with six separate Tribes for new casino operations in Michigan, California, Texas and Oklahoma, a total of nine separate casino sites. In addition, Lakes has announced plans to develop a company owned casino resort project in Vicksburg, Mississippi. The Company also owns approximately 64% of WPT Enterprises, Inc. (Nasdaq:WPTE), a separate publicly held media and entertainment company principally engaged in the development, production and marketing of gaming themed televised programming including the World Poker Tour television series, the licensing and sale of branded products and the sale of corporate sponsorships. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Lakes Entertainment, Inc.) contains statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as other capital spending, financing sources and the effects of regulation (including gaming and tax regulation) and competition. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, SEC staff comments that question various aspects of Lakes' financial statements, which comments have not yet been resolved; possible delays in completion of Lakes' casino projects, including various regulatory approvals and numerous other conditions which must be satisfied before completion of these projects; possible termination or adverse modification of management contracts; highly competitive industry; possible changes in regulations; reliance on continued positive relationships with Indian tribes and repayment of amounts owed to Lakes by Indian tribes; possible need for future financing to meet Lakes' expansion goals; risks of entry into new businesses; reliance on Lakes' management; the fact that the WPT shares held by Lakes are currently not liquid assets, and there is no assurance that Lakes will be able to realize value from these holdings equal to the current or future market value of WPT common stock; and the possibility that the Company's shares may be delisted from the Nasdaq Stock Market, following a hearing and consideration by Nasdaq, due to the Company's failure to make certain SEC filings on a timely basis. There are also risks and uncertainties relating to WPT that may have a material effect on the Company's consolidated results of operations or the market value of the WPT shares held by the Company, including WPT's significant dependence on the Travel Channel as a source of revenue; the potential that WPT's television programming will fail to maintain a sufficient audience; the risk that competitors with greater financial resources or marketplace presence might develop television programming that would directly compete with WPT's television programming; the risk that WPT may not be able to protect its entertainment concepts, current and future brands and other intellectual property rights; risks associated with future expansion into new or complementary businesses; the termination or impairment of WPT's relationships with key licensing and strategic partners; and WPT's dependence on its senior management team. For more information, review the Company's filings with the Securities and Exchange Commission. Is blackjack insurance really worth it? May 30, 2005 - (PRLEAP.COM) Insurance in Blackjack is offered to the player when the dealer draws an ace card. The insurance bet is a side bet to your original wager at half the initial stake to protect your hand against the dealer drawing a Blackjack. The online casino will prompt you when insurance can be offered; you can either accept or decline and the casino will automatically place the bet for you. This consitutes half your original wager next to your original bet. If the dealer draws a Blackjack, your insurance side bet is paid at odds of 2-1 but your initial bet is lost. If the dealer doesn’t have a Blackjack, you lose your insurance bet and the game is played on as normal. When the dealer has an ace, if the casino uses 2 cards, then the casino will normally check for Blackjack straight away before the game is carried on. In my opinion, taking insurance is only worth it if you are trying to track down the aces. For instance, if you decide you always want insurance it is an easy way of counting the aces because it is easier to remember how many insurance bets you have taken. With online casinos, they use a random number generator to pull the cards, so counting the aces is virtually impossible. Insurance is a bad bet in my opinion. It’s just another way for the casino to win more money. For example: If the dealer does not a Blackjack, you lose your insurance bet, and the game carries on as normal. You may win or lose but in essence the casino has just earned $1 from you. You are in a no win situation by taking insurance. Don’t be fooled into taking insurance, it’s not worth it. CONTACT INFORMATION Online Advertising Leader AzoogleAds Grew More Than 100 Percent in the First Half of 2005, Dramatically Outpacing the Overall Growth of the Industry NEW YORK--(BUSINESS WIRE)--Aug. 10, 2005-- AzoogleAds Reports Nearly 46 Billion CPA Impressions and 10 Million Unique Transactions, Underscoring Its Position as Leading CPA Advertising Network AzoogleAds (www.AzoogleAds.com), a leader in performance-based online advertising, today announced that during the first two quarters of 2005, the company improved revenue and EBITDA by more than 100 percent as compared to the first half of 2004. In 2004, AzoogleAds' revenues surged to $64 million. In the first half of 2005, the AzoogleAds Network, which has more than 7,000 websites and publishers, generated approximately 46 billion cost-per-action (CPA) impressions. It generated 461 million unique click-throughs and facilitated almost 10 million transactions or sales from January to June 30th. These metrics illustrate that the AzoogleAds Network is one of the industry's largest CPA networks. Much of this growth is attributable to AzoogleAd's fraud-proof model in which the company pays publishers only when verified actions are generated. This model enables AzoogleAds to deliver one of the most cost-effective and risk-free advertising tools available to customers such as eBay.com, Omaha Steaks, Netflix, True.com, Stamps.com, MatchNet, and Ask Jeeves. "Our focus on maximizing revenue and guaranteeing return on investment for both advertisers and publishers has enabled AzoogleAds to grow into one of the industry's largest CPA ad networks," said Joe Speiser, AzoogleAds co-founder. "That volume and reach, coupled with the quality of leads generated and a performance-based model, deliver a return on advertising dollars unmatched by other providers and other advertising vehicles." Specializing in all forms of online media, AzoogleAds offers high-impact direct marketing response and fast return on investment through banner network and site-specific advertising, online promotions, data-capture and co-registration programs, campaign management and advertising measurement. A pioneer in the performance-based advertising industry, recent network metrics illustrate that AzoogleAds has the largest network of quality traffic, with network partners reaching billions of impressions monthly. The online advertising industry continues to grow exponentially, mushrooming to $2.8 billion in first-quarter revenues, according to the Interactive Advertising Bureau. And the rate doesn't seem to show signs of slowing. Forrester Research predicts that online advertising will increase by 23 percent, reaching $14.7 billion in 2005, and growing to $26 billion by 2010. "The rapid growth we've experienced is a good illustration of the industry's trend toward allocating more and more of the ad budget toward new and more measurable forms of advertising that fuel amazing growth," said Alex Zhardanovsky, AzoogleAds co-founder. "The model of the AzoogleAds Network enables us to offer effective solutions for clients and positions us to capitalize on this industry growth and maintain our leadership position." About AzoogleAds AzoogleAds, founded in 2000, is a profitable and rapidly growing online advertising network that delivers customers and generates revenues for its customers. A pioneer in the performance-based advertising industry, AzoogleAds now has the largest network of quality traffic. This highly effective network coupled with proprietary technology and unparalleled industry expertise enables the AzoogleAds team to deliver the most comprehensive and cost-effective strategic online marketing campaigns for advertisers of all sizes and across all industries. For publishers, AzoogleAds provides high-impact campaigns that enable publishers to maximize earnings on their inventory. AzoogleAds customers include eBay.com, Omaha Steaks, Netflix, True.com, Stamps.com, MatchNet, Ask Jeeves and Intermix, among others. The company is privately held and venture backed by TA Associates and the Stripes Group. For more information, please visit AzoogleAds' website at www.AzoogleAds.com.
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