World Poker Tour is Finally Making Money

Wpt1_3World Poker Tour Enterprises (WPTE) reported first quarter profits…that’s right, profits…of  $3.6 million, or 17 cents a share. Analysts had predicted a loss of 2 cents per share. Perhaps if analysts had contacted Wicked Chops Poker about making some predictions for them they would’ve gotten that one right.

Last year, WPTE lost about $1.6 million, or 8 cents a share, in the first quarter.  This is what we call a "marked improvement."

WPTE claims that the growth of their television shows and the launch of their gaming site, WPTOnline.com, helped the company exceed expectations.

 

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