MINNEAPOLIS--(BUSINESS WIRE)--Jan. 24, 2003--Lakes Entertainment, Inc. ("Lakes") (Nasdaq:LACO) announced today that it has obtained options on approximately 500 acres of land in Vicksburg, Mississippi. Lakes' plans for this site include the development of a premier hotel/casino/golfing complex. However, any business arrangement or association that will ensure the success of this development will be considered.