World Poker Tour(R) to Film New Season VI Stop, Bellagio Cup III, Next Month

The World Poker Tour® (WPT) will travel to Las Vegas next month to film the newest stop on the Season VI circuit—Bellagio Cup III—and will test a modified final table structure. Satellite tournaments are already underway at Bellagio where players can qualify to play in the $10,000 Bellagio Cup main event held July 10 – 15. "We are always thrilled to return to the incomparable Bellagio to work with Doug Dalton, Jack McClelland, and their distinguished team,” said Steve Lipscomb, Founder, President and Chief Executive Officer of the WPT. "I’ve spoken with numerous players and tournament directors over the past month regarding optimal poker tournament structures, and I believe we all look forward to seeing how this test works at Bellagio Cup III.” "We're looking forward to Bellagio Cup III becoming a new tour-stop on the World Poker Tour," said Bellagio Tournament Director Jack McClelland. "The tournament structure will be similar to the one players have come to enjoy during all of Bellagio's WPT events. They feature plenty of time during the rounds and a large number of chips for those skilled players to maneuver throughout the tournament. The final table structure will be the same until we reach the final two players when we will change to 60-minute levels." The following WPT structure(a) will be tested at the Bellagio Cup III:   1st Level -  $50 - $100  2nd Level -  $100 - $200  3rd Level $25  $100 - $200  4th Level $50  $200 - $400  5th Level $75  $300 - $600  6th Level $100  $400 - $800  7th Level $100  $500 - $1000  8th Level $200  $600 - $1200  9th Level $200  $800 - $1600  10th Level $300  $1000 - $2000  11th Level $400  $1500 - $3000  12th Level $500  $2000 - $4000  13th Level $500  $3000 - $6000  14th Level $1000  $4000 - $8000  15th Level $1000  $5000 – $10,000  16th Level $2000  $6000 - $12,000  17th Level $2000  $8000 - $16,000  18th Level $3000  $10,000 - $20,000  19th Level $3000  $12,000 - $24,000  20th Level $4000  $15,000 - $30,000  21st Level $5000  $20,000 - $40,000  22nd Level $5000  $30,000 - $60,000  23rd Level $10,000  $40,000 - $80,000  24th Level $15,000  $60,000 - $120,000  25th Level $15,000  $80,000 - $160,000    (a) 90-minute levels until heads-up play; 60-minute levels during heads-up play For more information or to post your own suggestion regarding the final table structure, please visit the online forum at wwww.worldpokertour.com. The WPT Season VI will begin airing in early 2008 as part of GSN’s Monday night casino lineup where the network has built a substantial following in the casino game genre. Season V currently airs every Wednesday night on the Travel Channel at 9PM Eastern/Pacific. Visit www.worldpokertour.com for the most up-to-date information and tournament schedule. About WPTE WPT Enterprises, Inc. (Nasdaq:WPTE) is a company engaged in the creation of internationally branded entertainment and consumer products driven by the development, production, and marketing of televised programming based on gaming themes. WPTE is the creator of the World Poker Tour®, a television show based on a series of high-stakes poker tournaments that airs on the Travel Channel in the United States and is scheduled to begin broadcasting on GSN in early 2008. WPT is licensed for broadcast globally. WPTE also offers real-money online gaming on its website, www.worldpokertour.com, which prohibits wagers from players in the U.S. and certain other restricted territories. WPTE currently licenses its brand to companies in the business of poker equipment and instruction, apparel, publishing, electronic and wireless entertainment, DVD/home entertainment, casino games, and giftware. The company is also engaged in the sale of corporate sponsorships. For show information, tools for improving poker play, and other WPT news, fans may log on to www.worldpokertour.com. WPTE is a majority-owned subsidiary of Lakes Entertainment, Inc. (Nasdaq:LACO). Photos and media information can be found online at: www.worldpokertour.com/media WPTEG 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 WPT Enterprises, Inc.) contains statements that are forward-looking, such as statements relating to the expansion of WPTE's brand licensing, the development of new television and film projects, the development of WPTE corporate sponsors and other business development activities, as well as statements regarding other capital spending, financing sources and the effects of 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 WPTE. These risks and uncertainties include, but are not limited to, WPTE's significant dependence on the Travel Channel as a current source of revenue and GSN as a future source of revenue, and the risk that GSN will not exercise its options to air seasons of the WPT series beyond Season VI; difficulty of predicting the growth of our online gaming business, which is a relatively new industry with an increasing number of market entrants; reliance on the efforts of CryptoLogic to develop and maintain the online gaming website in compliance with WPTE’s business model and applicable gaming laws; the potential that our 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 WPTE's television programming; the risk that WPTE 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 WPTE's relationships with key licensing and strategic partners; and WPTE's dependence on its senior management team. For more information, review WPTE's filings with the Securities and Exchange Commission.