Lakes Entertainment provides update on Ohio casinos project
PRESS RELEASE
January 07, 2011
Lakes Entertainment Inc, a developer and manager of casino operations in
Michigan and California, on Thursday announced that Rock Ohio Ventures LLC,
which has rights to develop a casino in Cleveland and Cincinnati in Ohio, signed
an agreement with Caesar's Ohio Investment LLC, a subsidiary of Caesars
Entertainment Inc.
Additionally, the company said that the agreement provides for the joint
ownership and management of Rock Ohio Caesar's LLC, which will own, develop and
operate the two Ohio casinos.
Lakes reportedly has the right to own up to 10% of Rock's ownership in the two
casinos, provided that it fun
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