THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

WPT Enterprises, Inc. (WPTE)

4/19/2006 Proxy Information

Mr. Cope served as WPTE's Interim Chief Financial Officer from March 2004 until June 2004.

Bradley Berman is the son of Lyle Berman, WPTE's Executive Chairman and the Chairman and Chief Executive Officer of Lakes.

License Agreements with Lakes and Sklansky Games, LLC

On May 17, 2004, we entered into a license agreement with Lakes, which holds a majority of our stock through its wholly owned subsidiary, Lakes Poker Tour, LLC. Under this agreement, Lakes obtained a license to utilize the World Poker Tour name and logo in connection with a casino table game that Lakes has developed using certain intellectual property rights of Sklansky Games, LLC. Under the terms of the agreement, we will be entitled to receive a specified minimum annual royalty payment or 10% of the gross revenue received by Lakes from its sale or lease of the game, whichever is greater. In addition to LakesÕ ownership, through Lakes Poker Tour, LLC, of a majority of our Common Stock, Lyle Berman, our Executive Chairman, and Brad Berman, Mr. BermanÕs son and a director of the Company, own 28% and 44%, respectively, of the outstanding equity interests in Sklansky Games. The World Poker Tour No Limit Texas Hold ÕEm casino game has been approved by certain gaming regulators and entered the casino marketplace in December 2005; however, the Company has not yet received royalty statements and payment.

Interests in PokerTek

Until October 14, 2005, WPTE had an investment, consisting of a 15% equity interest (carried at its nominal cost basis) in and a loan receivable from PokerTek, a company that offers an electronic poker table called the PokerPro system that provides a fully automated poker room environment to tribal and commercial casinos and card clubs. On October 14, 2005, PokerTek announced its public offering of 2,000,000 shares of common stock at a price of $11 per share. Concurrent with the public offering, the CompanyÕs ownership interest was diluted to 11.7% (1,080,000 shares), and PokerTek repaid WPTE the outstanding loan amount at its maturity value of $186,000. On January 20, 2006, the Company entered into an agreement to sell 630,000 shares of PokerTekÕs common stock held by the Company, at a price per share of $9.03. The Company closed the transaction on February 28, 2006, and received net cash proceeds of approximately $5.7 million. As a result, the Company now has a 4.75% ownership interest in PokerTek.

Lyle Berman, along with his son Bradley Berman, who is an employee of Lakes and sits on the Board of Directors of the Company, each made personal investments in PokerTek, and as of January 1, 2006 collectively own approximately 9% of PokerTek. In addition, Lyle Berman agreed to serve as Chairman of the Board of PokerTek and received 200,000 stock options in the company.

License Agreement with G-III Apparel Group, Ltd.

Effective as of February 24, 2004, we entered into a non-exclusive license agreement with G-III Apparel Group Ltd. Morris Goldfarb, a Lakes director, is Co-Chairman of the Board and Chief Executive Officer of G-III. Under the agreement, G-III licenses the World Poker Tour name, logo and trademark from us in connection with G-IIIÕs production of certain types of apparel for distribution in authorized channels within the U.S., its territories and possessions and, in certain circumstances, Canada. As consideration for this non-exclusive license, G-III pays royalties and certain other fees to us.