Re: WPT Analysis (long)
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WPTonline.com just opened.....the website looks great. I think it will bring in lots of revenue, but we'll see. The analysis is old and does not consider the potential millions WPTE could make thru this online gaming website. I am long this stock.
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Actually if you read the original writeup, the author discusses the value of their gambling opportunities, including the IGT deal. He doesn't think much of the WPTE opportunity, given the competitiveness of the online poker business.
My concern would be whether they would lose sponsorship if they compete directly with sponsers. Either way, it doesn't seem like the existing business value accounts for the current stock price. WPT online must be successful or the stock is in trouble. If it is successful, then the stock may be very cheap.
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