WORLD POKER TOUR(R) Continues Stratospheric Growth With Record 839 Players at Bicycle Casinos Legends of Poker - Friday 12th of August 2005

With an ever-increasing schedule of poker tournaments filling the calendar, the instigator of the worldwide poker phenomenon, the WORLD POKER TOUR®, continues to draw record numbers of players to its events, as evidenced by this weekends record-breaking turnout for the Legends of Poker at the Bicycle Casino.

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With 839 players coming to the table, resulting in a $4,195,000 prize pool, the event stands as the largest ever on the WPT circuit, and those substantial numbers portend potential growth across the board at the remaining 14 events to be filmed for Season IV on the Travel Channel. That sets the scene for another record-shattering total prize pool for the season. Last year, the WPT awarded nearly $70 million to players on the Tour.

First place for the 2005 Legends of Poker will net $1,125,000 for the winner. Last year, the legendary Doyle Brunson captured the crown. That 2004 event drew 667 players and a $3,335,000 prize pool. The turnout this weekend marked a 20% increase in the field. Among the chip leaders are Gabe Kaplan, Jerry Buss and Barry Greenstein. The tournament continues today at 4:15 p.m.

"Our hats are off for the great job done by our colleagues at the Bicycle Casino in securing a field large enough that it had to be split into two starting days," said Steven Lipscomb, CEO and founder of WPT Enterprises, Inc. (Nasdaq: WPTE - News). "The WPT is poised for another season of exceptional play and exceptional growth. Modifying our policy to allow players to wear sponsor logos will also encourage more companies to sponsor players and award seats in our events. This continues to demonstrate our impact on the growth of the sport. We anticipate another record-shattering season."

Next up on the WPT calendar is the Borgata Poker Open at the Borgata Hotel and Casino in Atlantic City, Sept. 19-22.

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 www.worldpokertour.com for ways to improve their game or to find out how to register for the 14 remaining WPT tournaments. The highest rated show ever on The Travel Channel, the WPT is now licensed for broadcast in more than 100 countries and territories worldwide. WORLD POKER TOUR® airs every Wednesday at 9 p.m. ET/PT on the Travel Channel.

About WPT Enterprises, Inc.

WPT Enterprises, Inc. (Nasdaq: WPTE - News) 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 more than 100 markets globally. 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 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., a publicly held company. Photos and media information can be found online at: www.worldpokertour.com.

(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 WPTEs 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, WPTEs 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 WPTEs 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 WPTEs relationships with key licensing and strategic partners; and WPTEs dependence on its senior management team. For more information, review WPTEs filings with the Securities and Exchange Commission.

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