PokerTek Signs Contract To Install 12 PokerPro Tables In Ontario
MATTHEWS, N.C., May 10, 2012 /PRNewswire/ -- PokerTek, Inc. (NASDAQ: PTEK), is pleased to announce that it has signed a contract with the Ontario Lottery and Gaming Corporation (OLG) to add 12 new PokerPro tables into four OLG gaming facilities in Ontario, Canada. The following four gaming sites will each receive three PokerPro tables: OLG Slots at Mohawk Racetrack in Campbellville, OLG Slots at Sudbury Downs in Chelmsford, OLG Slots at Georgian Downs in Innisfil, and OLG Slots at Rideau Carleton Raceway in Gloucester. These new installations will bring the number of tables deployed in Ontario to 15.
PokerTek began a field trial with two tables on October 2, 2011 at OLG Slots at Western Fair District in London, Ontario. The field trial successfully concluded on December 21, 2011, at which time OLG added another PokerPro table due to overwhelming player demand.
"We are pleased that the success of PokerPro at OLG Slots at Western Fair District has prompted additional placements throughout Ontario," said James Crawford, PokerTek's President. "We look forward to continuing our partnership with OLG as we roll-out PokerPro to the additional properties."
Ontario Lottery and Gaming Corporation (OLG) is a provincial agency of the Government of Ontario. OLG owns and/or operates 27 gaming sites across Ontario, and also sells lottery products at approximately 10,000 retail locations province-wide.
About PokerTek, Inc.:
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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.
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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. 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.
SOURCE PokerTek, Inc.