Profits Up for World Poker Tour

Filed in archive Poker on May 4, 2006

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