According to an announcement made by slot online, Inc. (PTN), it has acquired many poker related Internet properties. These include PokerUpdates.com, PokerMediaNetwork.com and PokerTalkShow.com which have been acquired from Eric Rosenberg, considered to be a pioneer in web broadcasting. PTN CEO, Michael Grasso stated that ever since they had begun development of the network, they had been eyeing Poker Updates as well as other content being produced by Eric. It should be remembered that Poker Updates is the world’s first and only online TV show, in the domain of poker. Eric said that he found PTN’s vision very similar to his own. He believes that Poker TV Network will be able to take this vision forward to a higher level. Eric will be joining the PTN team as the Chief Operations Officer and Production Coordinator. He will also be a part of the Board of Directors. His role will be to produce many new and innovative poker related television programs in the coming months. No disclosures have been made about the financial details with regard to this deal. Biz.yahoo.com reports:
Poker TV Network is a develoment stage compahy that is creating a broadband Internet based TV network dedicated to providing information, news, trends, updates, non-fiction entertainment (reality based), and educational programming related to the world of poker. The Poker TV Network plans on-air growth and market penetration through the acquisition of established cable television stations and production facilities as well as programming to expand its library.
Forty Percent Increase in Revenues of World Poker Tour Enterprises, in the Second Quarter
World Poker Tour Enterprises Inc. (WPTE) has released its financial results this week, for the second quarter. This was done in order to comply with the SEC standards for punctual reporting. In the second quarter of the financial year 2005 there was a huger 40 percent increment in revenues. Revenues hit a high figure of $6.6 million. Explaining this increment, WPTE stated that it was due to increased revenues earned through international television licensing. Also contributing to the revenue during this period was the licensing of the World Poker Tour Product. There was a slight fall in revenues coming from domestic television licensing. WPTE has officially launched its online poker room, www.WPTonline.com, during this quarter. Onlinepoker-news.com reports:
“The second quarter marked the continued successful execution of our strategic plan. Revenues were up 40 percent as we saw growth in virtually all our business segments,” commented Steve Lipscomb, President and CEO of WPT Enterprise. “The success of the show in the US, combined with strong ratings in international markets enabled us to broaden distribution into 116 territories around the globe.”