Plus, if they already have the tables ready to deliver to the casinos, what do they need $20 million for? They've done the hard part of designing and programming it, now they just need to market it. If this were going to be profitable on its own, they'd keep it private.

You might ask the same thing about Party. It's well established and throwing off lots of free cash flow. There's not much reason for them to go public, except to let the founders cash out at the peak of poker's popularity. I suppose they might want to buy out some of their competition, but other than that they don't need the massive capital infusion that comes with an IPO.