World Poker Tour Sold to Chinese OurGame has reached an agreement to sell the World Poker Tour  to Chinese online game developer 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

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.”

More at Online Poker Report

Related Stories from This Week in Gambling:

  • World Poker Tour Championship relocates to Atlantic City Press of Atlantic City - After an 11-year stint in Las Vegas, a high buy-in poker tournament drawing players from as far away as South Africa and Korea has left Sin City for Atlantic City. The reason, organizers say, is the New Jersey’s budding online gambling market. The championship […]
  • World Poker Tour® Returns to Los Angeles PRNewswire - The Bicycle Casino proudly welcomes the return of Mike Sexton, Vince Van Patten, Kimberly Lansing, Tony Dunst and the Royal Flush Girls to prestigious Legends of Poker championship commencing on Thursday, August 29, 2013. Since its debut in 2002, the World Poker Tour® […]
  • Hong Kong provides huge market for illegal betting websites South China Morning Post - Hong Kong's multibillion-dollar illegal gambling habit has been built on sports betting but increasingly sophisticated online bookmakers - operating from servers around the region - are now offering punters a dizzying array of betting options. Bookmaking […]