This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

World Poker Tour Bets on Web Gambling

WPT Enterprises (WPTE) reinvented televised poker when it created the popular World Poker Tour show, which debuted on the Travel Channel in 2003. Now, if the company is successful in revitalizing its struggling online poker gambling site, the stock could see significant earnings growth.

Early next year, WPT will launch a new version of its online site, which has been plagued in recent years by shoddy technology that led to frequent crashes.

The company recently purchased software to build a fresh site and take a stab at being a big player in the $13 billion worldwide online gambling business.

With the stock off more than 70% from its 52-week high last year, it could be a nice entry point for investors willing to bet on the future growth story.

Currently, online gaming represents less than 10% of WPT's revenue; the rest is tied to television and licensing deals. The existing gambling site gathers a little less than $1 million a quarter in revenue. That's peanuts compared with the $245 million per quarter captured at, the world's largest online poker room, owned by Gibraltar-based PartyGaming.

Under it new model, WPT has taken over the operations of its site, which it previously outsourced, and purchased a software program from CyberArts to build a new "state-of-the-art poker platform." CyberArts provided the technology for the poker site
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs