With rumblings that the poker boom may be hitting its peak – and possibly on its way down amidst decreasing tv ratings and a saturated market, WPT Enterprises, owner of the World Poker Tour has proven everyone wrong.
WPT Enterprises posted a first quarter profit of $3.6 million – compared to a loss in the first quarter of 2005 – analysts predicted a loss. The company also showed quarterly revenues up $2.4 million from a year ago to $6.5 million.
This poker craze could still have some legs yet.
Article: World Poker Tour parent swings to 1Q profits