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TheStreet Open House

PokerTek's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: PTEK

James Crawford

Thanks Mark. Q1 was a busy one as we began planning several new PokerPro projects which we expect to install over the next several months and we continue to roll out the ProCore platform. We installed 54 additional ProCore positions in the quarter if which 48 were added as kind of a crew shifts. This brings the total number of ProCore player positions on Carnival to 132 positions on eight ships. As we continue to roll out ProCore to additional ships player adoption from both casual and experienced blackjack players continues to be excellent. We are working closely with Carnival to enhance the product, add promotional features and deepen our integration with their slot systems to enhance the player experience and further integrate our products with Carnival's goals and strategies.

We also installed in our first ProCore table in France at the casino in Toulouse and expect to expand the roll out to more land based properties. PokerPro was already installed at the property in Toulouse and the players have quickly embraced the ProCore blackjack. We also added 10 more PokerPro positions at another property in France in the quarter. We changed our distribution strategy in France at the beginning of Q1 signing up a new independent representative to help drive sales in the market.

Based on the feedback we expect the second half of the year to be busy as new capital budgets are approved for the operators there. We previously announced that PokerPro field trial was successfully completed and the product approved in Ontario. The field trial was at OLG's Western Fair Property where we originally installed 20 positions, then added 10 more on the exceptional results. We expect to build on the success of this initial installation and are currently planning projects to install PokerPro at four additional sites.

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