PokerTek Shares Jump After Share Lockup Ends

Shares in PokerTek, the company behind the PokerPro dealer-less poker table, jumped 13 percent yesterday after a lockup expired on 2 million shares. At the close of day, shares were up from $11.76 to $15.25 on the NASDAQ.

PokerTek went public in October of 2005, a few months after premiering its PokerPro table. The PokerPro table is a computerized poker table that replaces the dealer, chips, and cards with touchscreen computers. The PokerTek table can be found at several casinos in the United States, and will soon be shipped worldwide.

As of 2 p.m. EST Friday, shares were trading at $15.11.

In early March, PokerTek hired former Shuffle Master, Inc. President and CEO Joseph J. Lahti to its board of directors, and, in February, entered into an agreement with a subsidiary of Aristocrat Leisure Limited that gave the company exclusive rights to distribute the PokerPro table around the world. Aristocrat Leisure Limited is a global provider of gaming solutions, primarily video slot machines, progressive systems, and casino management systems to casinos in 55 countries.

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