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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 :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

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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