Poker Online and Video Poker -Online Poker News

Wall Street News Alert -- Stock Market Standouts! - 2004-02-12
Wall Street News Alert's "stocks to focus on" this morning are: AngelCiti Entertainment Inc., PECO II Inc., Gemstar-TV Guide International Inc. and Electroglas Inc..

Aggressive investors may be watching AngelCiti Entertainment Inc. again this morning! Yesterday after the markets closed, the company delivered a press release stating that it has entered into a Loan and Security Agreement for a Credit Facility of up to $2.43 million with Finanzinvest, Ltd., a Bermuda investment company. The company intends on using the funds for further development of its online casino and poker software and expansion into the European and Asian markets.
Read the full story at PrimeZone

Lakes Entertainment Reports Loss - 2004-02-12
Lakes Entertainment, Inc. today released the results
for the fiscal year ended December 28, 2003. Revenue for the year totaled $4.3 million. The net loss for the year was $4.0 million and basic and diluted losses were $0.37 per share. This is an improvement over the net loss of $11.5 million, and basic and diluted losses of $1.08 per share in 2002.

Revenue for the year increased to $4.3 million from $1.5 million in 2002. Revenues from 2003 were derived from license fees related to the World Poker Tour Series ("WPT") which airs on the Travel Channel ("TRV"). WPT, a subsidiary company of Lakes, entered into an agreement with TRV for a second season during the third quarter of 2003.
Read the full story at Casino City Times