PokerTek Borrows Money
April 1, 2022
The current economic situation in this country has been hard on many American businesses, and unfortunately, poker companies are not immune to the troubles. PokerTek, Inc., the company known for their digital display PokerPro poker tables, recently had to secure $3 million dollars in loans to recover from cash flow problems brought about from poorly performing investments.

The investments in question were "auction rate securities," which are traditionally quite liquid and considered sound. Unfortunately, due to the current market, these securities became nearly impossible to get rid of, leaving PokerTek in dire need of a different source of capital.

For story in it's entirety, please visit the Independent Online Poker Authority,
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