Lakes Entertainment Closes Refinancing Deal
Casino development company Lakes Entertainment has announced that it has closed a $20 million financing facility with a partnership named for Lakes Entertainment Chairman and CEO Lyle Berman.
“I am pleased that the Company was able to obtain this facility as we continue to explore alternative financing options,” said Lakes Entertainment President and CFO Timothy Cope in a prepared statement. “This loan commitment provides us with the capital
needed to continue to move forward”…
Related Poker Industry News:
- Lakes Entertainment Giving Away WPT Stock to Shareholders
- Lakes Entertainment To Sell Off WPT?
- Lakes Entertainment Files Ohio Casino Petition
- Lakes Entertainment Considers Selling World Poker Tour
- Earnings Up for WPT
- World Poker Tour For Sale
- Lakes Entertainment swings to profit on World Poker Tour gains
- Lakes Entertainment Profitable on Poker
- Poker subsidiary drives revenue for Lakes
- Land O’ Lakes resort attracting college kids with strip poker
- Resort Nakedly Using Poker To Get Students
- Berman and Lakes Entertainment to Invest in Ohio Casinos
Poker glossary:
- LITTLE SLICK - In Hold'em, hole cards of A-2, suited or not.
- SET - In Hold'em, three of a kind where two of the cards are hole cards.
- MITES AND LICE - A hand consisting of two pair, threes over twos.
- OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
- SIXTH STREET - The sixth card dealt in 7-card stud.
- RIVER - The last card dealt in a hand of stud or Hold'em.
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