From the Wires
EmergingGrowth.com Reports on Emerging Growth in Gaming for 2013
Dec. 27, 2012 08:01 AM
MIAMI, December 27, 2012 /PRNewswire/ --
EmergingGrowth.com, a leading digital financial media company, Reports on PokerTek, Inc. (NASDAQ: PTEK)
Feature your company on EmergingGrowth.com. Visit EmergingGrowth.com to find out how.
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.
About EmergingGrowth.com
By offering 100% original and unmatched content by the best financial reporters, writers and bloggers in the business, EmergingGrowth.com is emerging as a leading digital financial media portal. Its services provide users, subscribers and advertisers with a variety of content and tools through a range of online, social media, mobile and other mobile outlets.
Since its inception, EmergingGrowth.com has distinguished itself from other financial media companies with its sly approach to reading between the lines in order to locate that needle in the haystack. Sign up today to see what EmergingGrowth.com has to offer.
NEW: Feature your company on EmergingGrowth.com. Find out how by filling out our form at http://emerginggrowth.com/recommend-a-company-to-feature-on-emerging-growth
Join our Linked in Group
Like us on Facebook
Disclosure
All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. From time to time, EmergingGrowth.com receives compensation by the companies profiled in its emails, press releases or on its website. If any compensation is received it appears fully detailed in a "special disclosure" on our website as well as on any pages or emails where that company is located. Please check the "Special Disclosure" link (http://www.emerginggrowth.com/special-disclosure) and consult an investment professional before investing in anything viewed within. In addition, Please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website. Always remember that investing in securities such as the ones listed within are for high-risk tolerant individuals only and not the general public. Whether you are an experienced investor or not, you should always consult with a stockbroker, financial advisor, or similar before purchasing or selling any securities viewed on any emails sent from EmergingGrowth.com or its website.
SOURCE EmergingGrowth.com
About PR NewswireCopyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
.gif)
In my recent article, "Five Steps to Improve E-Commerce Performance for Increased Sales: Introduction” I discussed problems encountered by our client TescaraHats (name changed for commercial reasons), a European market leader in manufacturing customized hats. The company quickly ...
Complexity is the new reality of web and mobile applications with almost no new release going out without the addition of services and applications spread across many different companies. But the reality of this new interrelationship is still the same: If a third-party Internet o...
The saying “if it doesn’t exist on the Internet, it doesn’t exist”[1] is ringing truer every day. Nowadays, it is hard to imagine most businesses without an e-commerce platform, let alone without a web presence at all. Since e-commerce is becoming the new standard, e-commerce per...
Although I started with ColdFusion for application development, I did plenty brochureware sites with HTML. I believe the version was HTML 2.0 for IE 2.0. I lived in the browser world for years doing ColdFusion, ASP, and HTML sites. When winforms and Smart Client with web services...
Compuware Corporation has announced the convergence of dynaTrace PurePath® Technology and the Gomez Performance Network, creating a powerful User Experience Management (UEM) solution. Compuware now offers a APMaaS solution that provides a complete UEM offering, including real-use...
