LOS ANGELES – (PRESS RELEASE) -- WPT Enterprises, Inc.
(Nasdaq: WPTE) has announced the global expansion of its hugely popular World Poker Tour(R) (WPT) with the signing of two licensing agreements to stage
regional versions in Canada and the Philippines.
Steve Lipscomb, CEO and founder of WPT Enterprises, Inc. revealed that the
company has concluded agreements with ABS-CBN Broadcasting Corp., the largest
integrated media and entertainment company in the Philippines, and Aidan
Tracey, a respected Canadian marketing/ sponsorship/promotion expert, to offer
multi-tournament WPT Tours in card rooms and casinos in their respective
countries beginning in early 2006. The events will feature WPT-style Texas
Hold'em tournaments expected to draw hundreds of players for increasingly
growing prize pools at each stop. The WPT has been airing on television
networks in Canada and The Philippines for the past two years, drawing a large
following and hugely impacting the popularity of poker in those countries.
"We are very pleased to be able to bring the WPT to the fans in other
countries who have been itching to try their hand at making a WPT Final
Table," said Lipscomb. "Through these regional WPT Tours with ABS-CBN and
Aidan Tracey, we have begun to create a global network of WPT Tours that will
inspire the players in those countries and grow our brand internationally. It
will be fun to see local players evolve into regional poker stars, just as our
primary WPT Tour players over the past few years have garnered international
recognition, and are now recognizable everywhere they go."
Lipscomb anticipates additional regional WPT Tours to be licensed in the
future, as the skyrocketing popularity of the show continues to create
worldwide fans. The WORLD POKER TOUR show, which has achieved worldwide
viewership, is currently licensed for broadcast in 116 countries and
territories around the world.
ABS-CBN Broadcasting Corp., is involved in television and radio
broadcasting, as well as the production of television programming for Filipino
domestic and international audiences. The company's largest business, its VHF
television network, consists of its flagship channel in
Manila -- Channel 2 -- together with 23 other owned and operated television
stations and ten affiliated stations, forming the leading television network
in the Philippines. The company also operates Studio 23, the leading UHF
television network in the Philippines with 35 televisions stations. The two
networks reach an estimated 97% and 50% of all television-owning households in
the Philippines, respectively. The estimated market population for the region
is 76 million people.
"We wish to introduce poker among the Filipinos served by ABS-CBN, locally
and globally, and to the skills, art & excitement that it generates both as a
program and as a game," said Peter A. Musngi, Vice President for ABS-CBN
Sports. "As a television show, we are hopeful that we can duplicate the
success of WPT USA in the Philippines and the region given the reach and
equity of ABS-CBN. We are confident that this is not a far-fetched reality."
ABS-CBN is being granted the right to create four episodes in the first
year, five in the second and six in the third -- and to air them exclusively
for four years total. The show will air in both English and Tagalish (a mix
of Tagolog and English). The winner of the Filipino WPT Tour will also have a
seat in the WPT Championship(TM) at Bellagio each April.
In Canada, Aidan Tracey, who has previously assisted the WPT to secure
sponsorship tie-ins north of the border, will develop, stage and market a
regional tour. Tracey is currently President of Mosaic Sales Solutions Field
Marketing, the leading experiential event marketing company in Canada. Mosaic
Field Marketing handles consumer promotion events at malls, community events
and large festivals for many blue-chip Fortune 100 clients. The company does
product sampling, creates brand experiences, and runs large mobile 18 wheel
rigs that go to major events to bring brands to life. Tracey has also
produced the World Beer Games, which aired on TV in 2002 and 2003 in many
markets outside the USA, including Canada, the United Kingdom and Australia.
"Aidan's deep knowledge in helping to build global brands, along with his
own experience as a founder and executive producer of a successful
international TV event special made him a natural choice," noted Lipscomb.
Tracey will work closely with WPTE to build out events across the country
to establish and grow the WPT Canada sub-brand and at the same time educate
players through the WPT educational website http://www.wptonline.net.
"It is going to be a ton of fun helping the WPT to build the leading poker
brand in Canada," said Tracey. "By utilizing a network of host casinos, TV
partners, Mosaic field marketing, and client sponsorships we should be able to
get the WPT Canadian Tour off to a great start in 2006."
The World Poker Tour, which reinvented poker as a televised spectator
sport, airs tournaments filmed at leading casinos from Paris to Las Vegas, and
will begin the broadcast of its fourth season in March 2006. Airing every
Wednesday night in the U.S. at 9 p.m. ET/PT on The Travel Channel, the WPT is
the highest-rated series in the network's history. World Poker Tour is now
seen in 116 countries and territories worldwide.