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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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EmergingGrowth.com Reports on Emerging Growth in Gaming for 2013

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

 

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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

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Copyright © 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.

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