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With success abound in the poker world – no one is seeing it more of it than the king of the televised tournament – the World Poker Tour. World Poker Tour Enterprises, Inc. announced financial results for the first quarter ended April 2, 2006.
Business highlights for the quarter included the delivery of six episodes of their Season IV of the World Poker Tour television series, one episode of Season I of the Professional Poker Tour television series, continued expansion of the WPT television show internationally, and further contribution from the Company's online gaming division, WPTonline.com.
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. "We are pleased with the progress we made in the first quarter. We continue to aggressively build the World Poker Tour brand, and during the quarter delivered the first episode of our new show, the Professional Poker Tour, an extension of WPT poker branded entertainment," said Steve Lipscomb, President and CEO of WPT Enterprises.
WPT Enterprises, Inc. is the creator of the World Poker Tour, a television show based on a series of high-stakes poker tournaments that airs on the Travel Channel in the United States and more than 150 markets globally.
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