Chinese firm buys World Poker Tour

23 June 2015

The World Poker Tour as been acquired by a Chinese-based social gaming company for $35 million.

The all-cash transaction was announced Sunday in which Ourgame International Holdings Ltd. will purchase the World Poker Tour from Gibraltar-based Bwin.Party Digital Entertainment. World Poker Tour is known for its internationally televised events and land-based tournaments.

Bwin.Party has owned World Poker Tour since 2009. Last year, Ourgame agreed to license World Poker Tour products and services on an exclusive basis in more than a dozen countries across Asia.

“Having already established an exciting partnership with Ourgame, we are delighted to now become a fully-integrated member of the Ourgame family,” World Poker Tour CEO Adam Pliska and in a statement.

Ourgame CEO Frank Ng said the company will look to expand World Poker Tour “around the world via television broadcasts, mobile devices, card tables, and more.”

Since 2009, World Poker Tour has grown from 16 events to more than 70.

Ourgame is headquartered in Beijing and is listed on the Hong Kong Stock Exchange. Ourgame has expanded the social gaming market in Asia.

“Ourgame is a $700 million valuation company, with no capital problem,” Alexandre Dreyfus, who oversees the Global Poker Index, wrote on his blog Sunday night. “They can invest into World Poker Tour and develop a strong (social gaming) offer. While we are waiting online poker, as we know it, to be regulated in U.S., something is getting ready in Asia. That’s where the next poker wave could come from.”

Gaming figure Lyle Berman created the World Poker Tour as competition to the World Series of Poker.

Related Links
Ranked Online Poker Rooms
World Series of Poker Gaming Vendor Information
Bwin.Party Digital Entertainment plc iGaming Supplier
WPT Gaming Vendor Information
WPT Enterprises Gaming Vendor Information


Copyright GamingWire. All rights reserved.
Featured Vendors
Casino City Press
TribalHub
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
TribalHub
24th Annual TribalNet Conference Sept 18-21, 2023 Town & Country Resort, San Diego, CA
Casino Trac - Table Trac, Inc.
TOP ONE TECH LIMITED
Casino Trac - Table Trac, Inc.
CasinoTrac™ is a full CMS platform, operating in 225 locations, across 13 countries, since 1995.
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Slot Machines Unlimited
Sunkist Graphics, Inc.
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Casino Schedule Ease
Talisman Group Creators of EZ Baccarat
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
Acres Manufacturing
Goldfinger Monitors
Acres Manufacturing
Cashless Loyalty & Bonusing in a Single Mobile App
Goldfinger Monitors
Innovative touch-screen solutions - vibrant lighting, high-def imagery, bright, bold colors
Oklahoma Indian Gaming Association (OIGA) Conference
Betson Imperial Parts & Service
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 14-16, 2023 in Tulsa!
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Patriot Gaming & Electronics, Inc.
AmericanChecked
Patriot Gaming & Electronics, Inc.
Patriot Gaming…Parts is what we do. Visit us: www.patriotgaming.com
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
New Level Radio
Casino Network
New Level Radio
Your Casino. Your Music. Your Message.
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands


Your Guide to 15,255 Gaming Industry Suppliers