Vol. 7 • No. 24 • June 29, 2009 - Print This Issue
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Vol. 7 • No. 24 • June 29, 2009, GOODS & SERVICES
Excalibur Ditches PokerTek Tables
Excalibur decided against adding the automated poker tables on a permanent basis after an initial field trial did not result in sufficient revenue.
North Carolina-based PokerTek, Inc. announced that the Excalibur Hotel and Casino in Las Vegas is removing 12 PokerPro tables from the gaming floor after what was the initial field trial for the automated poker tables in Nevada.
Excalibur exercised its right under an agreement with PokerTek to terminate its relationship with the vendor after the field trial lasted at least four months. PokerPro, which incorporates 10 individual player stations on a standard-sized poker table with a video display of the deal and flop in the middle, received final approval from the Nevada Gaming Commission on March 19.
“We thoroughly enjoyed working with the Excalibur, and their partnership was critical to the success of our field trial in Nevada,” said Mark Roberson, PokerTek's acting CEO. “Over the past year, we’ve built a strong base of PokerPro players and our product is stronger than ever as a result of the field trial process. We do not expect the termination of this agreement to have a significant impact on our reported revenues or results of operations.”
It is the second time PokerPro tables have failed to sustain business in a large-scale installation in a jurisdiction where live poker also is available. Trump Plaza in Atlantic City shut down its automated poker operation earlier this year after revenues for 10 PokerPro tables fell well below projections.
Excalibur exercised its right under an agreement with PokerTek to terminate its relationship with the vendor after the field trial lasted at least four months. PokerPro, which incorporates 10 individual player stations on a standard-sized poker table with a video display of the deal and flop in the middle, received final approval from the Nevada Gaming Commission on March 19.
“We thoroughly enjoyed working with the Excalibur, and their partnership was critical to the success of our field trial in Nevada,” said Mark Roberson, PokerTek's acting CEO. “Over the past year, we’ve built a strong base of PokerPro players and our product is stronger than ever as a result of the field trial process. We do not expect the termination of this agreement to have a significant impact on our reported revenues or results of operations.”
It is the second time PokerPro tables have failed to sustain business in a large-scale installation in a jurisdiction where live poker also is available. Trump Plaza in Atlantic City shut down its automated poker operation earlier this year after revenues for 10 PokerPro tables fell well below projections.
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