PokerTek Signs Contract with Hollywood Park Casino
PokerTek, Inc. today announced that Hollywood Park Casino, one of the three largest card clubs in California, has agreed to install an initial six PokerPro(TM) tables for a 90 day trial period. After announcing in April that Hollywood Park Casino agreed to be the first location in California to install PokerPro(TM) tables, this contract provides for PokerTek to initially install six tables under a 90 day trial period, with Hollywood Park having the ability to install additional tables at its discretion. The agreement also provides that the 90 day trial period will automatically be followed by twelve month renewals unless terminated by either party in accordance with the terms of the agreement. Lou White, Chief Executive Officer of PokerTek stated, "We are excited about this initial installation and look forward to a long and mutually rewarding relationship. Hollywood Park Casino's savvy management team and our technology will be a revolutionary union to introduce PokerPro(TM) into the California Card Club market."
In an earlier statement, Leo Chu, President and Owner of Hollywood Park Casino, said, "The impact that this technology will have on our industry is enormous. In addition to being more efficient, PokerPro(TM) allows us the ability to attract a new segment of poker players to our casino."
California hosts the largest concentration of poker tables in the world with approximately 1,300 poker tables operating in over 100 large card clubs, small card clubs and Native American casinos.