MATTHEWS, N.C., March 19 /PRNewswire-FirstCall/ -- PokerTek, Inc. is pleased to announce that PokerPro, the world's leading automated poker table, was approved today by the Nevada Gaming Commission. This approval paves the way for PokerTek to expand its presence in the state of Nevada, home to over 1,000 poker tables.
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"We are delighted to be approved by the Nevada Gaming Commission," said Chris Halligan, PokerTek's CEO. "Nevada is one of the most important gaming markets in the world and its regulatory processes are stringent and challenging. To receive approval from Nevada is a huge milestone for our company and our product."
PokerPro commenced its field trial last August at the Excalibur Hotel and Casino in Las Vegas, Nevada, where there are 12 tables installed in Excalibur's poker room. Thanks to PokerPro, Excalibur has become the hub for low stakes Pot Limit Omaha on the Vegas Strip. Excalibur is leveraging PokerPro to offer players $3 rake on all $1/2 No Limit Hold'em games, as well as all of their Limit Hold'em games. And starting today, this cutting-edge poker room is running a Super 64 heads-up tournament on PokerPro, to coincide with the NCAA basketball championships.
"Since we started field trial in Nevada, we've had tremendous interest from prospects around the state," said Robert Perry, PokerTek's Vice President of Sales. "Thanks to this approval, we're now able to grow the footprint of automated poker in the Silver State."
PokerPro, the only automated poker table approved in Nevada, provides operators a highly innovative, low cost method of delivering poker to their patrons. PokerPro benefits players by significantly increasing hands per hour, eliminating player mistakes, showing hand histories and offering innovative options that are not possible on manual tables.
About PokerTek:
PokerTek, Inc. , headquartered in Matthews, NC, develops and markets products for the casino and amusement industries. PokerTek developed PokerPro automated poker tables and related software applications to increase casino revenue, reduce expenses and attract new players into poker rooms by offering interactive poker that is fast, fun and mistake-free. Heads-Up Challenge is a two-player table that allows bars and restaurant patrons to compete head-to-head in various games for amusement purposes, increases earnings for game operators and provides patrons unique and challenging on-site entertainment. Both products are installed worldwide. For more information, please visit the company's website at: http://www.pokertek.com/, or contact Tracy Egan at 704.849.0860 x106.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. The forward-looking statements herein include, but are not limited to, the expected adoption of the PokerPro systems by casinos and other customers, the expected adoption of the Heads-Up Challenge product by bars, restaurants and other customers, and the expected acceptance of the PokerPro systems and Heads-Up Challenge product by players. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, the impact of global macroeconomic and credit conditions on our business and the business of our suppliers and customers, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures, and our financial condition, including our ability to maintain sufficient liquidity to operate our business. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
Contact: Tracy Egan
704.849.0860 x106
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