Income at PokerTek, a provider of automated poker tables and related services, increased to $508,000 for the first quarter of the year as the company continued to build its business in casinos and the cruise ship industry.
PokerTek (NASDAQ: PTEK) reported $195,000 in the same quarter a year ago as it began to roll out products.
However, losses also increased in the first quarter, soaring to $2.6 m, or 28 cents a share, compared to $1.6 million, or 17 cents, in 2006.
PokerTek said it increased spending on marketing and other growth requirements
"We continue to grow our customer base and look forward to announcing new installations and regulatory approvals," said Lou White, PokerTek’s chief executive officer.
