WPT Gets New Owners

WPT Gets New Owners

Monday, 22 June 2015

Chinese social media company Ourgame International are the new owners of the World Poker Tour after agreeing a $35m cash deal.

Listed on the Hong Kong stock exchange, Ourgame offers a variety of card and board games on internet and mobile platforms and has a current market capitalization of HK$5.481 billion (USD $707 million).

“World Poker Tour is unquestionably the global leader in organizing world-class poker events, and we are very proud to acquire one of the world’s greatest brands,“ said Ourgame CEO Frank Ng.

“WPT, with Ourgame as its new owner, will continue to expand its already impressive global presence, bringing poker and gaming entertainment to cities and homes around the world via television broadcasts, mobile devices, card tables, and more.”

The World Poker Tour was bought by bwin.party entertainment in 2009 and has expanded rapidly with over 70 events around the globe including 16 WPT Main Tour legs. For the past three years Ourgame have been involved in promoting WPT events in Asia.

“Having already established an exciting partnership with Ourgame, a high growth company led by an enthusiastic group that is fully invested in the global growth of the sport of poker, we are delighted to now become a fully-integrated member of the Ourgame family,” said WPT President & CEO Adam Pliska. “I want to thank bwin.party CEO Norbert Teufelberger and bwin.party CFO Martin Weigold for all of their support over the last six years, and for helping facilitate this agreement.”

Tags: World Poker Tour, WPT, Ourgame