MERGERS AND ACQUISITIONS

Lakes Entertainment Inc., Minnetonka, said that its subsidiary, Evitts Resort, closed on the purchase of the Rocky Gap Lodge & Golf Resort near Cumberland Md., for ahout $6.8 million. Rocky Gap is a resort that includes a 215-room hotel, convention center, spa, two restaurants and a golf course.

DEBT AND EQUITIES

Otter Tail Corp., Fergus Falls, Minn., declared a quarterly common dividend of 29.75 cents per share, payable Sept. 10 to shareholders of record on Aug. 15.