Third Quarter Down For WPT

Nov 7, 2007

Author: Tina Smith

Steve Lipscomb, President and CEO for World Poker Tour Enterprises (WPTE), was very comfortable with respects to the future of the company during a conference call Monday.

"The third quarter represented continued progress for WPT Enterprises," stated Lipscomb. "We reached exciting new milestones including the addition of an online casino offering on our online gaming site, WorldPokerTour.com, 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."

Expecting a good fourth quarter for WPT is more than likely the reason for Lipscomb feeling optimistic. During this time frame they will be airing the first five episodes of Season 6 of the WPT. Reduced production costs to the company will certainly reflect in final figures in the company's favor.

They will also begin an "aggressive marketing and promotions" campaign in 2008, which is sure to mark some success with online gaming during the fourth quarter.

Even with the downturns that were noted in the latest fiscal report for the company, World Poker Tour Enterprises is in good shape, showing no debt on the books and having assets which amount to $34.9 million overall.