On January 23, 2006, at the International Casino Expo (ICE), PokerTek, Inc. (NASDAQ: PTEK) announced an international distribution agreement with a subsidiary of Aristocrat Leisure Limited (ASX: ALL) that grants Aristocrat the right to distribute the PokerPro(TM) table and system across the globe. Under the terms of the agreement, Aristocrat will have exclusive rights to offer PokerTek's PokerPro(TM) tables and other PokerPro(TM)-branded technology solutions, to gaming venues across the globe with the exception of United States and Canadian gaming jurisdictions, where PokerTek places product directly. Through the alliance with Aristocrat, subject to receipt of necessary regulatory approvals, PokerTek will have the opportunity to supply PokerPro(TM) to potential customers in over 55 countries. The PokerPro(TM) table was introduced at ICE, and both PokerTek and Aristocrat were excited about the response of those in attendance. "I spoke with several attendees who said that PokerPro(TM) is one of the most innovative gaming products they've seen in a long time," Julian Stanford, General Manager of Aristocrat Europe, commented. Steve Parker, Aristocrat Leisure's Group General Manager-Sales and Marketing agreed, "We were very pleased with the interest created amongst the operators at the ICE show who got their first look at the PokerPro(TM) table." "Our partnership with Aristocrat is a strategic part of our overall business plan to bring high-value technology products to poker rooms around the world. Aristocrat is one of the largest and most respected suppliers of innovative gaming machines and casino management solutions. Aristocrat's expertise will also be instrumental to the continued development, expansion, and protection of PokerTek's intellectual property throughout the world," said Lou White, Chief Executive Officer of PokerTek. PokerPro(TM) is designed to deal faster than any human, to eliminate mistakes and the requirement to tip a dealer. "Good players know they only make money when they are in a hand. PokerPro(TM) lets players play more hands and have more chances to make money. In my opinion poker players do not play poker to fidget with chips, they play poker to beat other players and make money," commented White. About PokerTek, Inc PokerTek, Inc. (NASDAQ: PTEK), headquartered in Charlotte, N.C., was formed to develop and market the PokerPro(TM) system. This electronic poker table was designed to provide a fully automated poker room environment to Native American casinos, commercial casinos and card clubs. The PokerPro(TM) system was developed to increase casino revenue by increasing hands per hour, while helping to reduce labor costs within poker rooms. PokerTek has over 30 patents pending (U.S. and International) on various aspects of the PokerPro(TM) system. For more information, please visit www.PokerTek.com or contact Becca Bernstein at 704.849.0860 ext. 119. About Aristocrat Leisure Limited Sydney, Australia-based Aristocrat Leisure Limited (ASX: ALL) is a leading global provider of gaming solutions, primarily video slot machines, progressive systems, and casino management systems that consistently outperform the competition. Aristocrat's products and services are available in over 55 countries around the world. For more information, please visit the company's website at http://www.aristocratgaming.com or contact Laura Olson at 702-270-1475. Statements made in this press release, other than those containing historical information, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward looking statements herein, include, but are not limited to, the expected adoption of the PokerPro(TM) tables by casinos and card clubs, the expected acceptance of the PokerPro(TM) system by players, the expected increase in profitability of poker rooms that install PokerPro(TM) tables, the expected receipt of regulatory approvals and the expected growth opportunities of PokerTek. Forward-looking statements involve known and unknown risks and uncertainties, which may cause PokerTek's actual results in future periods to differ materially from those set forth herein. These risks include that casinos and card clubs may not adopt and install the PokerPro(TM) tables at the rate currently expected by management, players may not recognize the benefits offered by the PokerPro(TM) tables and may not prefer the electronic tables over manual tables, and casinos and card clubs may not realize increased profits as a result of installation of the PokerPro(TM) tables. There are additional risks related to PokerTek's products and business identified in PokerTek's final prospectus filed with the Securities and Exchange Commission ("SEC") on October 14, 2005. Copies of PokerTek's filings with the SEC are available from the SEC or may be obtained upon request from PokerTek. PokerTek does not undertake any obligation to update the information contained herein, which speaks only as of this date.
Aristocrat Leisure (ASX:ALL)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Aristocrat Leisure Charts.
Aristocrat Leisure (ASX:ALL)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Aristocrat Leisure Charts.