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Can PokerTek Swing the Casino Gaming Industry?
PHILADELPIA, PA --
In the US, the stock market and real estate markets have both felt there ups and downs as of late. The unpredictablity of the financial markets has many investors running for the hills, along with their assault rifles.
Day-after-day, casino and gaming industry stocks are getting hammered with revenue losses, as the overall economic picture worsens in the United States. Consumers have been less willing to spend descretionary income on casino gambling.
Who will be the latest victim? Well, it appears that will fall to PokerTek (NASDAQ: PTEK) . They announced today a plan to release first quarter 2008 financials at the close-of-business on Wednesday April 23rd.
A webcast conference call will be held on that same day at 5:00 p.m. EDT for management to discuss the company's first quarter 2008 performance. Chris Halligan, Chief Executive Officer, and Mark Roberson, Chief Financial Officer, will host the call.
Wall Street analysts are not expecting PokerTek to pull-off a miracle this quarter. If they can simply maintain profitiabilty, it might be just enough for shareholders to continue holding. As for now, the stock will remain neutral according to some research and investment groups.
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