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California casino bets on PokerTek
Message was posted: 10:21 Jul 1st, 2006

User: luvmykids Rank: Casino Gold: 1270CG Contributor rating: 3120 Status: Offline

Inglewood Casino News Source: http://charlotte.bizjournals.com Hollywood Park Casino, one of the three largest card clubs in California, will install six of PokerTek Inc.'s PokerPro tables. The tables will be installed for a 90-day trial period, which will automatically be followed by 12-month renewals unless either party terminates the agreement. The agreement allows for additional tables to be installed at Hollywood Park Casino at the discretion of the casino during the 90-day period. Financial terms weren't disclosed. Matthews-based PokerTek (NASDAQ:PTEK) is a software-development company that markets tables at which up to 10 people can play Texas Hold 'Em. The PokerPro electronic system deals cards, displays them on private screens to the players and displays general information on a large screen in the center of the table. It also enables customers to set up accounts for betting and keeps statistical information on the games. The system is designed to increase casino revenue by increasing hands per hour and reducing labor costs within poker rooms. Last month, PokerTek received Casino Journal magazine's Platinum Award for the Most Innovative Technology Product for 2005.