Pokertek, Inc. (NASDAQ:PTEK)
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The Company is engaged in developing and marketing the PokerPro system, electronic poker table that provides a fully-automated poker-room environment, to tribal casinos, commercial casinos, cruise ships and card clubs.
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While the boom of 4 years ago has cooled off, there is still a tremendous market of casual players. In addition, there are almost no electronic tables, and they are far more profitable than traditional tables. In addition, PTEK has setup a lease program, which will allow them to maintain a constant cash flow instead of selling a system for a 1 time gain. Finally, they are expanding into bars as an adult video game system. They are the ground level company for a 30 year-old market with a product that will revolutionize the industry. I expect to see at least half of the tables in Las Vegas get replaced by this company's product within a few years.
Your right Pokertek has the advantage of the discounted cost but why would I drive to play on a computer screen if I can do that right now.