MIAMI, December 27, 2012 /PRNewswire/ --
EmergingGrowth.com, a leading digital financial media company,
Reports on PokerTek, Inc. (NASDAQ: PTEK)
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Founded in 2003, PokerTek is looking forward to a first time
positive earnings per share number for 2013. The company has
a dominant position in, electronic Poker, as well as a growing
presence in emerging markets such as Mexico and South American. The company
also expects to be entering Macau
for the first time among other emerging growth gaming companies
such as Melco Crown Entertainment (NASDAQ: MPEL).
Among the top of the food chain gaming giant Wynn Resorts
(NASDAQ: WYNN), today there are more than 30 different casinos in
Macau. HSBC Holdings and
Citigroup are both bullish on Macau's gaming sector for 2013. They are
forecasting 13% and 10% growth respectively for the coming year
based on a mass gross gaming revenue increase of 25% and a gradual
recovery in VIP revenue. Citigroup also selected Sands China,
a subsidiary of Las Vegas Sands (NYSE: LVS) as one of its 2013
picks.
PokerTek only has 8 million shares outstanding and is currently
operating with greater than 70% gross margins, and driving 20%
growth. They have reduced operating expenses by 29% and the
stock is gaining investor confidence and beginning to uptick.
Compared to its peers and other industry related companies
such as, like Boyd Gaming (NYSE: BYD) and MGM Resorts (NYSE: MGM)
we feel the company is undervalued and we believe PokerTek could
approach the $2.00 mark in the near
term.
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