08.09.2010 13:00:00
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PokerTek Makes Mexico’s First National Poker Tournament a Success
PokerTek, Inc. (NASDAQ: PTEK) announces the successful completion of Mexico’s first national poker tournament, the Life Poker Championship, held in Mexico City August 19 -22. The multi-table, multi-day tournament ran entirely on PokerPro tables managed by PokerTek’s newly-released tournament software. Almost 300 poker players participated in the event held on 10 PokerPro tables at CIRSA’s CasinoLife Del Valle property and broadcast live throughout Mexico.
"This historic event would have been impossible without the great performance of the PokerPro tables and the technology they posses,” said Jose Lopez, CEO of Pringsa and CIRSA Mexico.
"The tournament on PokerPro was a huge success,” said David Carrion, President of the Latin American Poker Tour (LAPT). "I’ve never seen a large-scale tournament run so smoothly. Everyone was impressed by the amount of information the tables provided to the players and press, who had complete visibility to the tournament standings at all times. We look forward to running more tournaments on these tables in the near future.”
Raul Bouchot, Director of Sales for PokerTek, added, "This tournament was a great way for us to showcase PokerPro to the players and operators in Mexico. CIRSA and PokerStars.net did an outstanding job planning the tournament, and we’re pleased that PokerPro had such a significant role in making this a successful event.”
This was the first government-sanctioned tournament of its size to be run in Mexico. CIRSA and PokerStars.net organized and sponsored the tournament. Jose Nadal, a player who has played professionally and in other prestigious tournaments, won the tournament. Nadal bested 289 players to win the $783,190 MXN purse and made history as Mexico’s first poker champion.
PokerPro’s new tournament software seamlessly facilitated the entire tournament, allowing three qualifying rounds to be run in two days. The qualifiers then reconvened for the final rounds until only 10 players were moved to the final table. The software’s "hand-for-hand” feature allowed payouts across multiple tables, and PokerPro’s enhanced Tournament Leaderboard allowed players and spectators to follow all of the action.
In addition to the main event, several other tournaments and cash games were played on the tables over the weekend, including a celebrity charity tournament that donated $100,000 MXN to the Mayan Sanchez Foundation for special-needs children and a LAPT Super Satellite tournament with more than 40 players.
About PokerTek:
PokerTek, Inc. (NASDAQ: PTEK), headquartered in Matthews, NC, develops and markets products for the casino and amusement industries. PokerTek developed PokerPro automated poker tables and related software applications to increase casino revenue, reduce expenses and attract new players into poker rooms by offering interactive poker that is fast, fun and mistake-free. Heads-Up Challenge is a two-player table that allows bars and restaurant patrons to compete head-to-head in various games for amusement purposes, increases earnings for game operators and provides patrons unique and challenging on-site entertainment. Both products are installed worldwide. For more information, please visit the company's website at: www.PokerTek.com, or contact Tracy Egan at 704.849.0860 x106.
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. The forward-looking statements herein include, but are not limited to, the expected adoption of the PokerPro systems by casinos and other customers, the expected adoption of the Heads-Up Challenge product by bars, restaurants and other customers, and the expected acceptance of the PokerPro systems and Heads-Up Challenge product by players. 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.
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