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Prospects in the Online Casinos Industry

The World Poker Tour (WPT) brand is gaining prominence as the company, WPT Enterprises uses a slew of new mediums to bring the brand and the poker tournaments to new players. Additionally, the WPT brand is set to not only offer land tourneys in China and other regions, but the company is on the brink of offering themed online casinos gambling in various markets. Like most internet gambling companies, WPT Enterprises has just announced the company’s first quarter results, and although the company is confident about long-term performance for the year, the first quarter showed a fairly significant loss thus far.

According to the WPT first quarter report, the company lost $2.8 million in the for this quarter… and while the revenues are higher than the same period the previous year, the company did report losses at this time. But all of that was actually slightly anticipated as the new online casinos gambling site designed by the CryptoLogic software development company will launch in the second quarter. The WPT company anticipates that the new online casinos gambling site will generate significant revenue once fully launched in June 2008.

Beyond the new online casinos gambling site, the WPT brand has developed television content – a WPT television series which will continue to generate some revenue for the company, as well as the new the planned WPT China Poker Tour. These interests bode well for the company continuing to turn in positive gambling revenues in the coming months. As for the company’s overall revenues, those are up ten percent from the first quarter of 2007 to $5 million.