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PokerTek, Inc. (PTEK)

- NASDAQ
PTEK is defunct.
  • Oct. 26, 2012, 2:34 PM
    Nevada Governor Brain Sandoval sends a letter to Congressional leaders in support of efforts to legalize Internet poker under a federal framework. His state is the one of only a handful that have regulations in place to address online poker, but Sandoval maintains the industry has a "borderless element" state laws alone can't address. Potential players: ZNGA, CZR, BYD, PTEK, GIGM, EGT, MGM, WYNN, AERL, SHFL. (Previous: The ebb and flow on the push to legalize online poker)
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  • Oct. 22, 2012, 1:45 PM
    As Governor Mitt Romney rises in the polls, industry insiders say the odds for legislation making online gambling legal in some form trail off. Though Romney hasn't been specific, his comment that he wants to make the Internet "family-friendly" is viewed as an indication he opposes opening up online play for cash. In the meantime, most gaming firms have been aggressively hedging their bets with forays into social gaming and non-cash playing options as they plan for the eventuality of Internet gambling. The outlier: Las Vegas Sands (LVS -0.9%) sticks to its guns that the industry is far better off with the status quo.
    | 8 Comments
  • Aug. 22, 2012, 12:43 PM
    Online poker scored a major victory with a ruling from a New York court that found the game relies more on skill than chance. Though the ruling has an important local connection by tossing out a gambling conviction, it's also being hailed on a national level by the poker industry as potentially precedent-setting . At the table: ZNGA, CZR, MGM, BYD, PTEK, GIGM, EGT, WYNN, AERL, SHFL
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  • Aug. 9, 2012, 1:55 PM
    South Point Hotel and Casino in Las Vegas lands the first approval in Nevada history from the state gaming board for the rights to operate an online poker site from within the state. If all goes well for the company, a poker site could be up and running by October. If all goes really well for the industry, the move will spark a regulatory framework. Waiting to jump into online poker: CZR, WYNN, MGM, BYD. Smaller online gaming plays: GIGM, EGT, AERL, GLXZ, PTEK.
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  • Jan. 6, 2012, 2:51 PM
    It's real. That's the word (video) from MGM CEO Jim Murren on the chances that online poker will become legal in the U.S. He says Internet gaming will pass in 2012, turning an illegal multi-billion dollar business into a legal one. He counts MGM as one of the firms that will prosper from the coming boom. Other interesting poker bets: BYD, PTEK, BPTY.PK, WYNN.
    | 7 Comments
  • Dec. 28, 2011, 12:27 PM
    Casino stocks are hit hard following yesterday's spike prompted by the Justice Department's decision opening the door for states to pass laws allowing different forms of online gaming operated by lotteries and other gambling forums. LVS -3.3%, MPEL -3%, MGM -2.7%, WYNN -2.6%. BYD -2.5%; but PTEK +15%.
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  • Dec. 27, 2011, 10:17 AM
    A just-released Justice Department opinion (.pdf) on online gambling provides a lift to select casino-related stocks after it clarifies that the Wire Act of 1961 only prohibits sports betting - not the whole universe of online gambling. Gainers: BYD +4.4%, PTEK +11%, SGMS +6.8%, MGM +4.5%, WYNN +2.4%.
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  • Dec. 7, 2010, 10:36 AM
    Online gaming stocks move higher on a report that Nevada gaming regulators are prepared to revisit the issue of online gaming as Senate Majority Leader Harry Reid redoubles efforts to legalize online poker. CRYP +33.6%, PTEK +4.4%, GIGM +3.9%, WMS +1.9%, BYD +1.9%, IGT +1%.
    | 2 Comments
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Company Description
PokerTek, Inc., develops, manufactures and markets electronic table games and related products for casinos, cruise lines, racinos, card clubs and lotteries.
Sector: Services
Country: United States