Lakes Entertainment, Inc. Announces Termination Agreement with Iowa Tribe of Oklahoma

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Lakes Entertainment, Inc. /quotes/comstock/15*!laco/quotes/nls/laco (LACO 2.02, 0.00, 0.00%) announced today that it entered into a termination agreement ("Termination Agreement") with the Iowa Tribe of Oklahoma, its governmental components and instrumentalities ("Tribe") terminating all agreements with the Tribe, including a note under which approximately $5.0 million was advanced to the Tribe, effective May 1, 2010.