LAKES GAMING REPORTS FLAT EARNINGS

October 19, 2001 11:35 PM
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Lakes Gaming reported third quarter earnings of $4.1 million, an 18% decrease from the $5 million reported for the same time last year.

Basic and diluted earnings were $.39 per share, compared to $.47 per share and $.46 per share, respectively, in the prior comparable year.

The company attributed the decline to adverse weather conditions, construction projects, intensive competition from the Lake Charles market, and the Sept. 11 terrorist attacks.