STERN PINBALL, INC. Phone 708 345-7700 WORLD POKER TOUR® MAKES TWO DOZEN NEW POKER MILLIONAIRES IN SEASON FOUR SHOWS, DEBUTING MARCH 8 ON THE TRAVEL CHANNEL

Approximately $100+ Million In Prize Pools Drives the Heart-Stopping Action on WPT Season Four

Viewers Watch for Wish Fulfillment and for Poker Tips

Los Angeles, CA (February 14, 2006)— As people fantasize about achieving the New American Dream, they can tune into the WORLD POKER TOUR® (WPT) for their inspiration, watching nearly two dozen overnight millionaires minted on the most sizzling show on television, the WORLD POKER TOUR’s new Season IV, debuting March 8 on The Travel Channel at 9 p.m. ET/PT.

Awarding an astounding $100 million in prize money—10 times the amount in the show’s first season—the 17-tournament series brings together the hottest newcomers in the game to compete against poker’s icons. It’s a toss-up every week whether raw aggressive nerve can outlast the canny wisdom of experience. With more than $1 million at stake for first prize nearly every week, the take-no-prisoners brand of WPT action keeps viewers riveted to their seats, wondering, “What would I do?”

The WORLD POKER TOUR is the international tour of high-stakes tournaments that launched the global poker phenomenon in March 2003 by turning poker into a televised sports sensation, complete with WPT cams that revealed the players hole cards. Catching on like wildfire, the show became the highest-rated show ever on the Travel Channel and has spawned a passion for the game in living rooms, card rooms and casinos everywhere. In 2006, the WORLD POKER TOUR will be seen not only in millions of living rooms across

America

, but in more than 130 countries and territories worldwide.

“Americans see in our shows the fulfillment of their own dreams,” said Steve Lipscomb, CEO and Founder of WPT Enterprises, Inc. (NASDAQ: WPTE). “Viewers watch for the sheer dramatic entertainment of the WPT, but they are also captivated by the promise of overnight riches that our players dangle before them. If a 21-year-old can do it, why can’t they? It’s a voyeuristic fantasy that viewers can indulge themselves in—and for the first time in the history of televised sports entertainment, they can even try themselves at one of our WPT events.”

This season another crown jewel from the Las Vegas strip has been added to the tour, Mandalay Bay Resort & Casino. Courtney Friel, the stunning and glamorous new addition to the broadcast team, will charm viewers with introductions to the beautiful and exotic locales. She’ll also interview the winners and the Final Table challengers, plus poker stars and the fans in the audience.

Hosts Mike Sexton, Vince Van Patten and Friel offer insights into the minds and strategies of players that help viewers refine their own poker skills. The WPT has taken the lead in poker education with its WPT Boot Camp, traveling fantasy camp for poker players; online poker school (www.worldpokertour.com) and a series of WPT-branded books from Harper Collins.

“People play poker for fun and for profit. On the Travel Channel every Wednesday night, we ignite their passion for the game and help them find new ways to explore the exciting world of poker,” said Lipscomb.

Every week, viewers can expect the unexpected as amateurs take on pros, pros take on other pros, and fortunes rise, fall, and change hands in a matter of seconds. Anyone can win, and many times even the least likely candidates do. Winners will be toasted with Budweiser, debuting as the Official Beer of the WPT.

The WORLD POKER TOUR is the global leader in poker. The WPT introduced poker to a worldwide audience through its innovative and riveting brand of televised poker, now seen in more than 130 countries and territories. Capturing all the excitement and sizzling action at its 17 Tour stops around the globe, the shows sets the gold standard in poker programming. The WPT inspired a global poker phenomenon that has attracted millions of men and women to the game and legions of devoted followers to the poker lifestyle. It has transformed poker into the sport of choice for vast numbers of viewers and players, and the hundreds of millions of dollars of prize money on the WPT has rekindled the promise of “The New American Dream.” The WORLD POKER TOUR airs every Wednesday night on the Travel Channel, 9 p.m. ET/PT in the U.S. and 10 p.m. Fridays on ITV4 in the

U.K.

For more information, go to www.worldpokertour.com.

The following are dates for the premier airings of each regular season show. All times are ET/PT. Schedule subject to change. Check local listings or the WPT website for updates.

Airdate/Time Featured Tournament/ Location

Wed. June 7, 9-11 p.m. San Jose’s Bay 101 Shooting Star Tournament San Jose, CA

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®, 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 130 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.

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 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 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.

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STERN PINBALL, INC.

WORLD POKER TOUR® MAKES TWO DOZEN NEW POKER MILLIONAIRES IN SEASON FOUR SHOWS, DEBUTING MARCH 8 ON THE TRAVEL CHANNEL

Viewers Watch for Wish Fulfillment and for Poker Tips

Airdate/Time Featured Tournament/ Location