PartyGaming Buys World Poker Tour For $12.3 Million
PaidContent Aug 25 09
Online gambling firm PartyGaming has purchased “substantially all of the assets” of World Poker Tour owner WPT Enterprises for $12.3 million, along with a five percent cut of revenue generated by the assets. The deal includes World Poker Tour-related properties, including the World Poker Tour TV show which is broadcast on Fox Sports in the U.S., along with online poker club, ClubWPT.com.
WPT had agreed to sell itself earlier this month to private investor Gamynia Limited for $9.075 million, along with a cut of future revenues, but in a statement WPT says its board determined that PartyGaming’s offer was “financially superior. Full story...
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