EXHIBIT 10.79
PROMISSORY NOTE
$970,000.00 Houston, Texas July 29, 1999
FOR VALUE RECEIVED, KEAN ARGOVITZ RESORTS-SHINGLE SPRINGS, L.L.C., A NEVADA
LIMITED LIABILITY COMPANY ("MAKER"), promises to pay to the order of LAKES SHINGLE
SPRINGS, INC., A MINNESOTA CORPORATION ("LENDER"), in the United States of America, in
immediately available funds, at such place as the holder hereof may from time to time designate, or in the absence
of such designation, at the office of the Lender, 130 Cheshire Lane, Minnetonka, Minnesota 55305, the principal
sum of NINE-HUNDRED SEVENTY THOUSAND DOLLARS ($970,000.00), or the aggregate unpaid
principal amount of all advances made to Maker pursuant to
Section 4 of that certain Letter Agreement dated as of the date hereof among Lakes Gaming, Inc. and Kean
Argovitz Resorts-Shingle Springs, L.L.C. (the "Letter Agreement"), a copy of which is attached hereto as Exhibit
A, whichever is less, plus interest thereon from the date of such advances, in like money, in accordance with the
following terms and provisions:
1. Capitalized terms used herein and not defined shall have the meanings given them in the Letter Agreement.
2. Lender hereby agrees to loan to Maker up to $970,000.00 to be loaned in more than one advances (each, an
"Advance") as entered on the Schedule of Advances attached hereto as Schedule I (such borrowing , in the
aggregate, the "Loan"). Each Advance shall bear interest at the Interest Rate from and including the date the
proceeds of such Advance are advanced (such date the "Funding Date" of such Advance) through the date of
payment.
3. Maker shall repay the loan solely from the Cash Flow (as defined in the Letter Agreement) of Lakes KAR-
Shingle Springs, L.L.C. (the "Company"), as provided in paragraph 9 of the Letter Agreement and the Operating
Agreement of the Company. There shall be no recourse against Maker for any deficiency in the payment of
principal or interest of the Loan.
4. The Interest Rate means, as to each Advance, an interest rate