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Friday, June 23, 2006

PokerTek Signs Contract with Hollywood Park Casino

PokerTek, Inc. today announced that Hollywood Park Casino, one of the three
largest card clubs in California, has agreed to install an initial six
PokerPro(TM) tables for a 90 day trial period. After announcing in April
that Hollywood Park Casino agreed to be the first location in California to
install PokerPro(TM) tables, this contract provides for PokerTek to
initially install six tables under a 90 day trial period, with Hollywood
Park having the ability to install additional tables at its discretion. The
agreement also provides that the 90 day trial period will automatically be
followed by twelve month renewals unless terminated by either party in
accordance with the terms of the agreement. Lou White, Chief Executive
Officer of PokerTek stated, "We are excited about this initial installation
and look forward to a long and mutually rewarding relationship. Hollywood
Park Casino's savvy management team and our technology will be a
revolutionary union to introduce PokerPro(TM) into the California Card Club
market."

In an earlier statement, Leo Chu, President and Owner of Hollywood Park
Casino, said, "The impact that this technology will have on our industry is
enormous. In addition to being more efficient, PokerPro(TM) allows us the
ability to attract a new segment of poker players to our casino."

California hosts the largest concentration of poker tables in the world with
approximately 1,300 poker tables operating in over 100 large card clubs,
small card clubs and Native American casinos.

posted by Jerry "Jet" Whittaker at 6/23/2006 07:24:00 AM

 

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Remember, you can beat the odds, but you can't beat the percentages.