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PARTY GAMING COMPLETED ACQUISITION OF WORLD POKER TOUR

11/9/09 - Having overcome it's last-minute rival bidder Mandalay Media , the Gibraltar-based online gambling group Party Gaming plc this week announced the completion of its deal to acquire World Poker Tour Enterprises.
 
The acquisition of the business and substantially all of the assets of WPT Enterprises Inc. was achieved for a cash consideration of $12.3 million and an additional minimum aggregate payment of $3 million over the next three years in an ongoing revenue share agreement.
 
The Party statement identified the assets being acquired as:
 
• The World Poker Tour brand, rights to a number of land-based events in the US and Europe and all other intellectual property rights associated with the World Poker Tour
 
• An extensive library of over 150 hours of poker programming that is broadcast in more than 150 countries
 
• The ClubWPT subscription poker offering that has more than 16 500 paying subscribers in 37 US states
 
Commenting on the acquisition, Jim Ryan, PartyGaming Chief Executive Officer, said:
 
“This deal brings together two of the biggest brands in online and offline poker – PartyPoker.com  and World Poker Tour – that we will market internationally to build our poker business.
 
"Our plans also include using the ClubWPT subscription platform to leverage our 12 million-strong US player database via a Party-branded website and the launch of a European WPT-branded poker and casino site. We are excited about the opportunities that WPT, a proven marketing channel for the group, will create for PartyGaming, particularly if the US regulates and licenses online gaming.”
 
Steve Lipscomb, the founder of WPTE, said: “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.  Combining two of the pioneers and leaders in the poker and online gaming markets will create a strong vehicle for the WPT brand to continue its global expansion.”



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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