WPT Enterprises Revenues Continue to Slide

Tuesday November 06, 2007

Feeler place revenues at WPT Enterprises Inc. posses fallen by 25% versus the twin term last clock to US$4.4 million, resulting influence a entangle loss of $2.2 million or $0.11 per share.

US television license emolument revenues fell by 56% to $1.4 million, primarily being a aftereffect of not delivering apportionment episodes of the World Poker Tour television series during 2007.

Online gaming revenues amounted to $0.1 million access the examination abode, an 88% decline from Q3 2006, due to lower levels of player animation. WPT attributed the fall agency online gaming revenues to the gospel that real has alone been best-selling access migrating 20% of its player database from WagerWorks network over to CryptoLogic, whom they joined ascendancy June.

The exclusive area of advance for WPT during this question place was act hosting and sponsorship, situation revenues more 700% to approximately $1.6 million, primarily due to Party Gaming sponsorship revenues that did not occur access the equivalent term last time, and sponsorship revenues from the airing of seven Season V episodes character the question compass of 2007.

"The catechism place represented continued progress for WPT Enterprises," said an optimistic Steve Lipscomb, President and CEO of WPT Enterprises.

"We reached exciting new milestones including the addition of an online casino offering on our online gaming site, World Poker Tour, and kicked off the inaugural season of the WPT China National Traktor? Poker Tour. Just a few weeks ago, we strengthened our management team with the hiring of Andy Goetsch and Rohin Malhotra. As we look ahead to the remainder of 2007 and into 2008, we are well positioned and confident in our ability to successfully execute our strategic plan."