Earnings Up for WPT

The World Poker Tour continues to be a safe bet for investors based on earnings, which are up for Lakes Entertainment, the parent company of the WPT. The second quarter earnings have more than doubled, according to a late Friday announcement from Lakes Entertainment, which put the WPT on the map. Revenue, however, was down for the second quarter to $8.1 million, down from $11.2 million last year. Net earnings at $6.6 million put earnings at 25 cents per share compared to 13 cents per share in the same time from last year.