Automated poker table manufacturer PokerTek has announced today a financing of US$2m to facilitate the company's continued growth.
"Quite simply, we believe in the future of the company," said PokerTek chairman, Lyle Berman. "This loan allows our team to continue executing their plan that, thus far, has delivered revenue growth while efficiently managing costs."
"We are grateful to the founders who, by putting up their own capital, have demonstrated confidence in management and PokerTek," added CEO Chris Halligan.
"We had been exploring options over the last few weeks and had several offers from outside firms to fund the company. We believe that funding PokerTek from ‘within the family’ and at such favourable terms was clearly in the company’s best interest."
