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Matthews, NC – June 23, 2009: PokerTek, Inc. (NASDAQ: PTEK) today announced that it will be removing 12 PokerPro tables from the gaming floor of the Excalibur Hotel and Casino in Las Vegas, Nevada effective July 5, 2009. The Excalibur was the Company’s initial field trial site in the state of Nevada.
The Company received notification on June 19th that the Excalibur had elected to exercise its rights to terminate its agreement at any time if the field trial for the PokerPro system lasted more than four months. PokerPro received final approval by the Nevada Gaming Commission and exited field trial on March 19, 2009.
Mark Roberson, PokerTek’s Acting CEO, commented, “We thoroughly enjoyed working with the Excalibur and their partnership was critical to the success of our field trial in Nevada. Over the past year, we’ve built a strong base of PokerPro players and our product is stronger than ever as a result of the field trial process. We do not expect the termination of this agreement to have a significant impact on our reported revenues or results of operations.”
About PokerTek
PokerTek, Inc. (NASDAQ: PTEK), headquartered in Matthews, NC, develops and markets products for the gaming and amusement industries. PokerTek developed PokerPro automated poker tables and related software applications to increase revenue, reduce expenses and attract new players into poker rooms by offering interactive poker that is fast, fun and mistake-free. Heads-Up Challenge is a two-player table that allows bars and restaurant patrons to compete head-to-head in various games for amusement purposes, increases earnings for game operators and provides patrons unique and challenging on-site entertainment. Both products are installed worldwide. For more information, please visit the company's website at www.PokerTek.com