Poker? WPTE 60% revenue increase this quarter..
Financial Results. Revenues for the first quarter of 2006 were $6.5 million, compared to $4.1 million in the same period in 2005, a 57% increase.
Revenues for the second quarter of 2006 are expected to be in the range of $10.5 - $11.0 million. The Company expects to deliver the final ten episodes of Season IV of the WPT and nine episodes of Season I of the PPT in the second quarter of 2006. Additionally, the Company expects to deliver the first four episodes of Season V of the WPT and the remaining fourteen episodes of Season I of the PPT during the second half of 2006. Margins for the PPT will be higher in 2006 than in subsequent years as certain production costs have already been expensed. The Company expects to continue to maintain the current level of sales and marketing expenses related to its online gaming website, WPTonline.com, until it transitions to an improved technology platform.
