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TheStreet Open House

PokerTek Expands In Ontario

Stocks in this article: PTEK

MATTHEWS, N.C., Oct. 23, 2012 /PRNewswire/ --  PokerTek, Inc. (NASDAQ: PTEK) is pleased to announce that it has entered into a contract with the Ontario Lottery and Gaming Corporation (OLG) to add 11 PokerPro tables representing 110 gaming positions at OLG's Woodbine facility in Toronto.

With the addition of the new site in Toronto, PokerPro is now offered at six locations in Ontario, bringing the total PokerPro gaming positions in Ontario to 260. PokerPro is offered at the following OLG locations:

  • Mohawk Racetrack in Campbellville
  • Sudbury Downs in Chelmsford
  • Georgian Downs in Innisfil
  • Rideau Carleton Raceway in Gloucester
  • Western Fair District in London
  • Woodbine Raceway in Toronto

PokerTek has also received official notification that BlackJack Pro has been approved following a successful field trial at Western Fair District in London.

"We are pleased with the growth of PokerPro in Ontario, with 260 gaming positions at 6 locations," said James Crawford, PokerTek's President. "With the recent approval of BlackJack Pro, we look forward to expanding our presence in Ontario."

About PokerTek, Inc. PokerTek, Inc. (NASDAQ: PTEK) ( www.pokertek.com) is a licensed gaming company headquartered in Matthews, NC that develops and distributes electronic table games solutions for the gaming industry. The company's products are installed worldwide and include PokerPro and Blackjack Pro. For more information, visit: www.pokertek.com.

About OLG: OLG is a provincial agency responsible for province-wide lottery games and gaming facilities. Since 1975, OLG lotteries, Casinos, Slots, and Resort Casinos have generated more than $34 billion for the benefit of the Province of Ontario. Gaming proceeds support Ontario's hospitals, amateur sport, recreational and cultural activities, communities, provincial priority programs such as health care and education, and local and provincial charities and non-profit organizations through the Ontario Trillium Foundation.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. The forward-looking statements herein include, but are not limited to, the expected adoption of our gaming systems by casinos and other customers, and the expected acceptance of our gaming systems by players. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, the impact of global macroeconomic and credit conditions on our business and the business of our suppliers and customers, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures, and our financial condition, including our ability to maintain sufficient liquidity to operate our business. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.

Contacts: Mark RobersonCEO and CFOPokerTek, Inc.704.849.0860, x101 investorrelations@pokertek.com

SOURCE PokerTek, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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