International edition
September 23, 2020

Improving on its loss of us$ 1.8 million a year earlier

PokerTek cuts first quarter loss to us$ 856,593

(US).- PokerTek lost us$ 856,593, or 6 cents per diluted share, in the first quarter, improving on its loss of us$ 1.8 million, or 16 cents per diluted share, a year earlier. Revenue fell to us$ 1.9 million from us$ 2.1 million a year ago. The Matthews-based company says it cut its operating expenses by 29 % to us$ 1.7 million in the latest quarter.

With operating expenses stabilized at historically low levels, an energized and more focused sales strategy, and the potential to diversify our gaming revenues beyond poker, we are well positioned to capitalize on the opportunities ahead,” says CEO Mark Roberson.

PokerTek is a software-development company that markets electronic tables for up to 10 players of Texas Hold ’Em. The company’s PokerPro system deals cards, displays them on private screens to the players and provides 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 boost casino revenue by increasing the number of hands per hour and reducing poker rooms’ labor costs.

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