Profile: Pokertek Inc (PTEK.O)
12 Mar 2014
PokerTek, Inc. (PokerTek), incorporated on August 26, 2003, is engaged in the development, manufacture and marketing of electronic tables games and related products for casinos, cruise lines, racinos, card clubs and lotteries worldwide. PokerTek offers two electronic table platforms, which include PokerPro and ProCore. The Company distributes its electronic table games using an internal sales force, complemented by distributors and sales agents. As of December 31, 2011, the Company's installed base consisted of 2,028 gaming positions, consisted of 1,944 PokerPro and 84 ProCore positions. PokerTek's electronic tables are gaming devices that facilitate the play of casino games.
The tables automate the shuffling, dealing, cash handling, enforcement of game rules, awarding of pots and other aspects of the game. Players view their cards, place bets, and take other actions using individual touch screens. Each table also has a center monitor that allows all players to view community information specific to the game being played, such as dealer/house cards, community cards, player bet amounts, pot size and winning hand announcements. PokerTek's products are account-based and utilize a casino player card or PokerTek account card. Players setup a personal identification number (PIN) protected account and perform deposits and withdrawals via a cashier at the system's Customer Management System (CMS). The Company assembles its electronic tables from such component parts at its facility in Matthews, North Carolina.
PokerPro is a 10-seat electronic poker table that allows operators to offer the player-banked games and tournaments. The PokerPro system offers cash games, single-table tournaments and multi-table tournaments with a game library, including Texas Hold'em, Omaha, Razz, and Seven Card Stud. Game rules and limits, including blinds, antes, rake structures and house rules, are completely configurable.
ProCore is an electronic table game platform that expands on the PokerPro technology and allows multiple house-banked games to be run on a single platform. The versatility of the ProCore system allows operators to add new game content as it is released. Several variations of Blackjack and related side bets are deployed on this platform. Games and house rules can be customized to meet property and regulatory requirements, making it an ideal choice for operators looking to add an automated solution to their gaming floor.
The Company competes with Shuffle Master, Inc., WMS Industries, Inc., Lightning Gaming, DigiDeal, Inc., Amaya, F2, and Zitro.
Suite F, 1150 Crews Road
MATTHEWS NC 28105