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PokerTek CEO Discusses Q4 2010 Results - Earnings Call Transcript

Stocks in this article: PTEK

We completed our first installation of Blackjack Pro last week. And so far, the initial level of game play and customer satisfaction has exceeded my expectation. (inaudible) I’m excited that we now have opportunities to grow our poker business, while opening up entirely new opportunities in electronic table game space.

James will highlight some of the specific market initiatives.

James Crawford

Thanks, Mark. Our primary focus remains on targeting opportunities in those markets with robust demand for electronic table game. We continue to concentrate on Mexico, European Canada and other markets where the environment is favorable for electronic table game.

As we noted in this morning’s press release, our PokerPro table count continues to grow and at the end of the fourth quarter, we achieved a record install base. The addition of Blackjack Pro has brought new attention to PokerTek and a result we are expanding our market opportunities as regulatory approvals are applied for and received.

In Mexico, we are the leading provider with over 60 tables installed. We believe the long-term addressable market for poker in Mexico is continuing to grow and we are focussed on increasing our placement numbers as the gaming environment in poker as market matures.

We are beginning to receive requests for delivery of Blackjack Pro to the Mexican market and we’re working on adding placements there in the second quarter of this year. In Europe, we received approval, signed a distribution contract and shipped the first of what we expect to be a significant number of tables into France.

With over 200 casinos, a large percentage of which are mostly electronic, our opportunity in France is strong for PokerPro and should increase with Blackjack Pro if and when we receive product approval.

Read the rest of this transcript for free on seekingalpha.com

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