EX-31.2 5 c78855exv31w2.txt CERTIFICATION OF CFO PURSUANT TO SECTION 302 Exhibit 31.2 CERTIFICATIONS I, Timothy J. Cope, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Lakes Entertainment, Inc.; 2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; 3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report; 4. Lakes Entertainment, Inc.'s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for Lakes Entertainment, Inc., and have: a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to Lakes Entertainment, Inc., including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared; b. evaluated the effectiveness of Lakes Entertainment, Inc.'s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and c. disclosed in this report any change in Lakes Entertainment, Inc.'s internal control over financial reporting that occurred during Lakes Entertainment, Inc.'s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, Lakes Entertainment, Inc.'s internal control over financial reporting; 5. Lakes Entertainment, Inc.'s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to Lakes Entertainment, Inc.'s auditors and the audit committee of Lakes Entertainment, Inc.'s board of directors (or persons performing the equivalent functions): a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect Lakes Entertainment, Inc.'s ability to record, process, summarize and report financial information; and b. any fraud, whether or not material, that involves management or other employees who have a significant role in Lakes Entertainment, Inc.'s internal control over financial reporting. Date: August 13, 2003 /s/ Timothy J. Cope -------------------------- Timothy J. Cope Chief Financial Officer 38