Bwin.party has reached an agreement to sell the World Poker Tour to Chinese online game developer OurGame.com for $35mm. Details of the deal were made available via a filing from OurGame. The closing date for the deal is June 25.
The deal appears to include all components of WPT, including the live tour, existing episode library, all intellectual property and the subscription-based poker site ClubWPT.com.
Alexandre Dreyfus, CEO of Global Poker Index, called the sale “a tremendous opportunity for poker and for the World Poker Tour,” noting that OurGame has the “entrepreneurial spirit and the cash to help WPT achieve global growth.”
There is no reason to believe that it will be anything but business as usual at WPT following this news, with no disruptions to upcoming or scheduled events anticipated as a result of the sale. “We have a partner that is not here to change the World Poker Tour,” Pliska told All In.
“It’s here to enhance it and make sure that for at least the next 10 years or so, nobody’s going to be worried that World Poker Tour’s going away.”
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