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PokerTek's CEO Discusses Q4 2011 Results - Earnings Call Transcript

James Crawford will now provide additional information regarding our progress in several of those key markets.

James Crawford

Thanks Mark. In 2011 we made real progress in several new markets that we've been working on and we're able to execute on many of these opportunities in Q4. We are expecting strong growth in 2012 with meaningful opportunities in several domestic and international market. Poker Pro was approved for field trial in October by the Ontario Lottery and Gaming Corporation and we installed 20 player positions at western fair district casino in London Ontario. The trial concluded successfully in December and the site immediately added 10 more player positions to do to the success of the product. LLG operates 27 gaming sites across Ontario, many of which offers slots and electronic table games. This is an idle market for PokerTek's products and we've now submitted our ProCore platform to their lab for approval. We are expecting several additional Poker Pro installations this year and see Ontario quickly becoming an important contributor to our growth for 2012.

In Europe, we continue to expand in Romania where we've added 50 player positions to new properties operated by one of our existing customers in Q4. This gives us a total of 130 player positions at three sites in Romania where there is little manual competition and the security of Poker Pro's cashless electronic platform is appreciated and preferred by the operators. We are seeing the same types of opportunities developing in other parts of Eastern Europe and expect to see similar growth prospects as we progress into 2012.

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

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