World Poker Tour(R) Adds Three New Tournaments at Familiar Locations, Changes Several Dates on Season V Tour Schedule

25 June 2006

The WORLD POKER TOUR(R) can go home again! Citing its relationship with three top casinos, the WPT announced today three additional events on its Season V calendar -- at Bellagio, Borgata and Foxwoods -- the second event for each on the WPT calendar. It brings to 18 the number of regular season stops on the Tour, insuring that there will be 20+ new poker millionaires made on the WORLD POKER TOUR in Season V.

The Borgata Poker Classic (January 26 -30, 2007) and the Foxwoods Poker Classic (April 1-4, 2007) were initially played in Season IV and they will repeat for 2006-7 season. At Bellagio, the new Festa Al Lago Tournament (October 15-19, 2006) replaces the North American Poker Championship, which has moved to Niagara Fallsview Resort in Canada.

Please note that dates for eight other WPT events have been changed, so players are encouraged to check the schedule below before booking their travel (Changed dates are bolded in the schedule). The dates for the WPT Celebrity Invitational(TM), which draws more than 75 Hollywood celebrities, have also been changed in order to avoid conflict with the recently announced weekend of the Academy Awards.

Additionally, the dates for three Specials have been confirmed, the hugely popular WPT Ladies Night(TM), set for August 31, 2006 at The Bicycle Casino, another on the day after the WPT World Championship(TM) at Bellagio (April 28, 2007) and a new WPT Bounty Hunters(TM) tournament to be inaugurated at Borgata (Sept 18, 2006).

WPT Bounty Hunters features six top-notch poker pros starting out with $250,000 in chips and a $5,000 price on their heads. Knock out a fellow pro and win $5,000 instantly -- but when someone succeeds, the bounty on him goes up. Now he's worth $10,000 and may then have become too tempting a target to pass up. There is a seat at the WPT World Championship at stake, bricks of cash on the table and cool-handed pros taking crazy risks to get it all. Prize Pool: $25,500 seat at the WPT World Championship + $50,000 in bounties. The tournament will showcase a Final Table populated by the six Season IV fan favorites, voted on via the Travel Channel's online sweepstakes. The bounty on a "hunter" escalates with each person he or she knocks out.

Poker fans are invited to come watch the filming of all WPT stops, where players compete for millions. The Specials are a great opportunity to watch some of the best poker action, so mark them on the calendar, too!

"We are delighted to confirm these three great new additions to the WPT calendar," said Steve Lipscomb, CEO and founder of WPT Enterprises, Inc. (Nasdaq: WPTE). "It's an action-packed lineup with plenty of opportunity for all those who aspire to become WPT champions. The WORLD POKER TOUR continues to make history with our casino partners and our great contingent of regular and incoming new players. Our growth means growth for poker and for all poker players."

The WPT launched the poker phenomenon when it first aired on the Travel Channel on March 30, 2003, and it continues to lead the way in developing poker as a major international sport. Viewers and aspiring tour players can log on to http://www.worldpokertour.com for ways to improve their game and to get the latest WPT schedules, information and merchandise. The highest rated show ever on The Travel Channel, the WPT is now seen in more than 150 countries and territories worldwide. WORLD POKER TOUR(R) airs every Wednesday at 9 p.m. EST/PST on the Travel Channel in the U.S.

World Poker Tour Season V Tournament Schedule

Tournament Name Hosting Casino/Location Date

The Mirage Poker The Mirage, May 14 - 17, 2006

Showdown Las Vegas, NV Final Table : May 17

Mandalay Bay Mandalay Bay, June 4 - 8, 2006

Poker Championship Las Vegas, NV Final Table: June 8

Grand Prix de Paris Aviation Club de France June 12 - 16, 2006

Paris, France Final Table: June 16

Legends of Poker The Bicycle Casino August 26 - 30, 2006

Los Angeles, CA Final Table: August 30

WPT Ladies Night IV The Bicycle Casino August 30 - 31, 2006

Los Angeles, CA Final Table: August 31

Borgata Poker Open The Borgata, September 15 - 19, 2006

Atlantic City, NJ Final Table: September 19

WPT Bounty Hunters The Borgata, Final Table: September 18

Atlantic City, NJ

Festa Al Lago Bellagio, Las Vegas, NV October 15 - 19, 2006

Final Table: October 19

North American Niagara Fallsview October 25 - 29, 2006

Poker Championship Resort Casino Final Table: October 29

Niagara Falls, Canada

World Poker Finals Foxwoods Resort Casino November 12 - 16, 2006

Mashantucket, CT Final Table: November 16

Bellagio Five Diamond Bellagio, Las Vegas, NV December 14 - 19, 2006

World Poker Classic Final Table: December 19

PokerStars.com TBD January 6 - 13, 2007

Caribbean Poker

Adventure

World Poker Open Gold Strike Casino January 21 - 25, 2007

Tunica, MS Final Table: January 25

Borgata Poker Classic The Borgata, January 26 - 30, 2007

Atlantic City, NJ Final Table: January 30

L.A. Poker Classic Commerce Casino February 24 - March 1,

Los Angeles, CA 2007

Final Table: March 1

WPT Celebrity Commerce Casino March 3 - 5, 2007

Invitational Los Angeles, CA Final Table: March 5

Bay 101 Shooting Star Bay 101, San Jose, CA March 12 - 16, 2007

Final Table: March 16

World Poker Challenge Reno Hilton, Reno, NV March 25 - 28, 2007

Foxwoods Poker Classic Foxwoods Resort Casino April 1 - 4, 2007

Mashantucket, CT Final Table: April 4

WPT World Championship Bellagio, Las Vegas, NV April 21 - 27, 2007

TBD SPECIAL Bellagio, Las Vegas, NV April 28, 2007

Tournaments noted in Blue have already been completed.

Shaded tournaments are Invitation-Only.

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(R), a television show based on a series of high-stakes poker tournaments that airs on the Travel Channel in the United States and more than 150 markets globally. With the WPT in its fifth season, WPTE has launched a second series on the Travel Channel, the Professional Poker Tour(TM), which focuses on the play of poker's leading stars. WPT Enterprises 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. For show information, tools for improving poker play, and other WPT news, fans may log on to http://www.worldpokertour.com. The company is also engaged in the sale of corporate sponsorships. WPT Enterprises, Inc. is a majority owned subsidiary of Lakes Entertainment, Inc. (Nasdaq: LACO). Photos and media information can be found online at: http://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 source of revenue; 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 WPT 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.

Contact:

Karen Trachtenberg/WPT: 323-330-9854

ktrachhtenberg@worldpokertour.com

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World Poker Tour(R) Adds Three New Tournaments at Familiar Locations, Changes Several Dates on Season V Tour Schedule

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