World Poker Tour Sold to PartyGaming

WPT Enterprises, the company behind the World Poker Tour, is selling virtually all of their operating assets to Peerless Media — a subsidiary of PartyGaming. The reported deal is worth $12.3 million to WPT Enterprises in addition to 5% in future generated revenue.
Previously, WPT Enterprises was close to accepting an offer from Gamynia. However, they changed their mind to go with Peerless Media.
Said Steve Lipscomb, WPT Enterprises’ President and CEO: “PartyGaming has been an important partner for a number of years and we are confident that they will be an excellent manager of our brands in the future. The Board …read more