A-List & Aces: Hollywood's Hottest Celebrities and Poker's Finest to Face Off at the Fifth Annual WPT Invitational.

The World Poker Tour[R] Will Host Invitation-Only Event at Commerce Casino in Los Angeles March 3-5

LOS ANGELES -- WPT Enterprises, Inc. (NASDAQ:WPTE) will roll out the red carpet on March 3 for the most glamorous stop on the poker circuit--the 5th Annual World Poker Tour[R] (WPT) Invitational. Each year, the exclusive, invitation-only event welcomes famous Hollywood faces and world-class poker professionals who go head-to-head in a freeroll Texas Hold 'Em poker tournament for charity, cash prizes, and eternal bragging rights.

Held at the prestigious Commerce Casino in Los Angeles, the three-day event will kick off with red carpet arrivals and a cocktail party for over 400 attendees, WPT Champions and celebrity players, including James Woods, Don Cheadle, Camryn Manheim, Woody Harrelson, Jay Mohr, Jason Alexander, Hank Azaria, Mekhi Phifer, Andy Roddick, Pete Sampras, Cheryl Hines, Ron Livingston, Mila Kunis, Laura Prepon, Danny Masterson, Kerry Washington, Marlon Wayans, Rex Lin, Orel Hershiser, Judy Greer and many more. Also enhancing the event will be gifts, entertainment, fare, and more from sponsors Budweiser[R], Blue Diamond Almonds[TM], Helio[TM], and Yummy Cupcakes. Further elevating the A-list affair in its fifth anniversary season, the WPT also partnered last month with leading nonprofit arts and entertainment advocacy organization, The Creative Coalition (TCC), and will donate $10,000 to the fund.

"The Invitational is one of our favorite events--it's amazing to watch as the field of A-list celebrities and top pros come together to battle it out, then sit side-by-side in utter awe of each other," said Steve Lipscomb, founder and CEO of WPTE. "As this fifth anniversary season continues to mark major milestones for the WPT, we expect nothing less than the biggest and best WPT Invitational yet."

Offering celebrities a chance to brush up on their skills before the event, WPT hosts Mike Sexton and Vince Van Patten will level the playing field with a "WPT Academy." The exclusive tutorials will be hosted February 22 at Premiere Magazine's "Haven"--a three-day pre-Oscars event in the Hollywood Hills complete with daytime spa treatments, luxury gifts, evening parties and more.

The last celebrity standing in the Invitational will receive a $10,000 donation to the charity of their choice and the final six players will go head-to-head March 5 on the WPT set taped for broadcast on the Travel Channel. The winner will receive $100,000, a $25,000 seat in the WPT World Championship, a WPT Champion title, and of course--bragging rights. The $225,000 prize pool is provided by Commerce Casino.

The WPT Invitational will air July 4, 2007, on the Travel Channel at 9:00 p.m. ET/PT. World Poker Tour airs every Wednesday at 9 p.m. ET/PT. For more information regarding the WPT Invitational, visit: http://www.thecreativecoalition.org/.

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 air on the Travel Channel in the United States and in 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 also operates a real-money online gaming website, www.wptonline.com, which prohibits wagers from players in the U.S. and other restricted jurisdictions. WPTE 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. The company is also engaged in the sale of corporate sponsorships. For show information, tools for improving poker play, and other WPT news, fans may log on to www.worldpokertour.com. WPTE is a majority owned subsidiary of Lakes Entertainment, Inc. (Nasdaq: LACO). Photos and media information can be found online at: www.worldpokertour.com/media.

About The Creative Coalition (www.thecreativecoalition.org)

The Creative Coalition is the leading 501c(3) nonprofit, nonpartisan social and public advocacy organization of the arts and entertainment community. Founded in 1989 by prominent members of the creative community, The Creative Coalition is dedicated to educating its members on issues of public importance, primarily the First Amendment, public education and arts advocacy. Headquartered in New York City, The Creative Coalition also has offices in Washington, D.C., Los Angeles and San Francisco. The Creative Coalition does not endorse or raise funds for political parties or candidates.

About Commerce Casino

Commerce Casino is the largest poker casino in the world. There are more than 200 poker tables featuring just about every form of poker: Texas Hold 'Em, 7-Card Stud, Omaha, Lowball, Pot Limit, Mexican Poker, Pineapple, Draw, Low-Ball and many others. Also offered are Pan and California games. Commerce Casino is also recognized for its innovative "Bring Your Home Game to Commerce" program which enables poker fans to invite their friends and family for a casual home game, bachelor party or birthday celebration with a professional dealer in the casino setting. Commerce Casino is located at 6131 East Telegraph Rd., Commerce, CA 90040, just off the Santa Ana (5) Freeway at the Washington Blvd. exit. The phone is [phone]. For more information, go to www.commercecasino.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 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; difficulty of predicting the growth of our online casino business, which is a relatively new industry with an increasing number of market entrants; the increased time, cost and expense of developing and maintaining WPTE's own online gaming software; 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.