WPT Enterprises Does Not Expect Additional Information before Lapse of Unsolicited Offer - Tuesday 12th of July 2005

As previously reported, on July 7, 2005, WPT Enterprises, Inc. (WPTE) received an unsolicited offer for the acquisition of WPTE. The offer failed to provide sufficient information for WPTE to determine its credibility. Since receipt of the offer, WPTE has attempted to substantiate the offer and has been unable to do so.

After the market close on Monday, July 11, 2005, WPTE contacted Doyle Brunson, the sole investor identified as a potential purchaser in the offer. Mr. Brunson suggested that WPTE should not expect any further contact regarding the offer. Assuming that no further contact is forthcoming, the offer will lapse by its own terms at 5:30 p.m. on Tuesday, July 12, 2005.

All questions and requests for information regarding this matter should solely be directed to the investor contact provided below.

About WPT Enterprises, Inc.

WPT Enterprises, Inc. (Nasdaq:WPTE - News) is a company engaged in the creation of branded entertainment and consumer products driven by the development, production, and marketing of televised programming based on gaming themes. We developed and own 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 territories globally through various cable and network channels. We license our 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. (Nasdaq:LACOE - News). Photos and media information can be found online at: www.worldpokertour.com. (WPTEG)

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