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Ourgame International set to acquire World Poker Tour

Monday June 22,2015 :  BWIN.PARTY SELLS WORLD POKER TOUR FOR $35 MILLION
 
Hong Kong based Ourgame International set to acquire franchise.
 
News breaking over the weekend is that Bwin.Party Digital Entertainment has agreed to sell its World Poker Tour franchise lock, stock and barrel to former WPT licensee Ourgame International Holdings in a cash deal worth $35 million.
 
Ourgame is a Cayman Islands incorporated, Hong Kong-based company which has been a WPT licensee in China for the past three years. The company is also involved in online card and board game development, and is listed on the Hong Kong Stock Exchange.
 
The sale represents a profit for Bwin.Party, which acquired the WPT 6 years ago for $12.3 million, although the sale announcement notes that last year the company recorded a loss of $7.6 million.
 
Ourgame CEO Frank Ng said in the announcement that the World Poker Tour was one of the world's greatest brands, and under his company's ownership it will be expanded , "...bringing poker and gaming entertainment to cities and homes around the world via television broadcasts, mobile devices, card tables, and more.”
 
He added that the acquisition would help his company evolve into a global online entertainment group, and that cost savings will be achieved through measures that include staff rationalisation, expense curtailment measures and  the elimination of Ourgame royalty obligations to WPT.
 
Describing Ourgame as "a high growth company fully invested in the sport of poker," WPT chief executive Adam Pliska said he looked forward to working as a fully integrated member of the Ourgame group.
 
The World Poker Tour currently offers over 70 main tour, WPT Alpha8, WPT National and WPTDeepStacks events across North America, Europe and Asia, and has major partnerships with global companies like Monster Headphones, Hublot, DraftKings, Skrill, FIAT and Royal Caribbean International.
 
Details of the transaction here: http://iis.aastocks.com/20150622/002236164-0.PDF



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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