22/06/2004 16:00
Lakes Entertainment client loses bid for casino
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Lakes Entertainment Inc.'s shares retreated in morning trading, after the company reported an Indian Tribe it was working with, was denied recognition by the federal government.
The Minnetonka-based operator of casino's and the World Poker Tour, said in a statement the Bureau of Indian Affairs had denied a second request by the Nipmuc Nation in Massachusetts to be recognized as an official tribe.
The ruling means that the group will not be able to build a casino, ending a deal Lakes had to develop and manage that casino.
Full Story:Minneapolis - The Business Journal
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