Re: Pokertek-Ptek-The next shufflemaster?
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They're still losing $4 million on revenues of $300K
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Aviva.. they are a development stage company...
[which doesn't mean that I disagree with Groty]
Heres some other info pulled from the 10Q...
Recent Events
In April 2006, we received regulatory approval from the California Division of Gaming, which allows us to distribute PokerPro™ tables to California card clubs and to some Native American casinos. Other Native American casinos in California require Gaming Laboratories International (“GLI”) certification prior to adopting use of new gaming devices. The PokerPro™ system is currently undergoing GLI testing, so the license of the system to these Native American casinos will not be permitted until the GLI certification process is successfully completed. In addition, in April 2006 we also received regulatory approval from the British Gaming Commission, which allows us (through Aristocrat International Pty. Limited, our international distributor) to distribute PokerPro™ tables to card clubs and casinos in the United Kingdom.
During April 2006, the Company successfully launched the PokerPro™ systems with four major cruise lines, each for a paid trial period of 60 days. The Company and each of these cruise lines have begun negotiation of longer term agreements pending results from the trials.
As of April 2006, the Chickasaw Nation elected to remove 12 tables from the rural Chickasaw Nation properties in Oklahoma. Customer traffic in these casinos was less than originally anticipated and therefore the systems were removed. The Chickasaw Nation continues to operate the initial four tables installed at their largest facility.
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