Tuesday, 4 August 2009
WPT enterprises, the force behind the once-successful World Poker Tour, have announced that they have sold all assets other than cash, investments and undisclosed excluded assets.
The WPT has been in decline for a while, despite the roaring success of the WSOPE and EPT. This, many speculate, is down to the current online poker situation in the US - i.e. not good.Gamynia Ltd, a company of privately-held investment groups, has purchased the assets of WPT Enterprises for $9.075m. In addition they will pay the company a percentage of future revenues from the WPT, implying that the tour will continue."We believe this transaction will enable the World Poker Tour to realize its full potential across both its existing businesses and the lucrative online gaming market. Gamynia and its partners possess highly complimentary resources which will help it invest in and effectively integrate with the World Poker Tour efficiently and profitably," said Steve Lipscomb, President and CEO of WPT Enterprises.
The sixth annual edition of Grosvenor Casinos’ Goliath tournament series may have begun last week but players are being advised that there is still time to qualify for seats into its prestigious £120 buy-in main event.
Land-based and online gaming products innovator Scientific Games Corporation is set to run its second annual Shuffle Master Classic event next month offering one lucky poker player the chance to walk away with $100,000 in cash.
Land-based casino operator Estoril Sol has been awarded the first online gaming license for Portugal and has teamed up with platform provider Gaming1 to launch the new EstorilSolCasinos.pt domain.
With 5,000 expected entries, £250,000 guaranteed in prizes and only £120 to play, its no wonder Coventry is the place to be between July 30 and August 7.
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