WPT Enterprises Extends Casino Partner Commitments

LOS ANGELES -- (PRESS RELEASE) -- With the WORLD POKER TOUR(TM) (WPT) setting records for numbers of players and prize pools at its Season 3 tournament events, WPT Enterprises, Inc. (WPTE) announced a ten-year commitment to its partner casinos by exercising its contract options. WPTE plans to schedule a minimum of 15 WPT-sanctioned events each year, averaging one or more each month through 2013. In conjunction with this commitment, WPT published its Season 4, 5, and 6 tournament schedules through 2008. The WORLD POKER TOUR is the highest-rated television show in the history of the Travel Channel, airing every Wednesday night at 9 p.m. PT/ET.

"We look forward to continuing the Tour that generated a new horizon for poker," said Steve Lipscomb, President of WPT Enterprises. "Thus, we've taken the extraordinary step of activating these renewals early and making sure that our players can mark these dates on their calendars."

WPTE and the majority of its member casinos originally signed five-year agreements, each of which included an option for WPTE to renew that agreement. WPTE exercised these options, extending the agreements for another five years -- resulting in ten-year commitments from each member casino. Although member casinos can elect to terminate their respective agreements, WPTE has the exclusive rights to film poker tournaments on the member casino's premises for the duration of the ten-year term.

In additional news, WPTE is developing a second tour, the Professional Poker Tour (PPT), scheduled to take place at certain member casinos. Prospective PPT tournament dates were announced in conjunction with the WPT Seasons 4, 5 and 6 tournament schedules. Unlike the WPT, participation in the PPT will be limited to professional players who meet eligibility requirements based on success in previous tournament play. The current WORLD POKER TOUR is open to anyone who wishes to buy-in or who has won a seat in a satellite tournament, regardless of past performance or skill level.

WPTE member casinos are among the world's leading hotels and poker rooms. They include: Aviation Club de France (Paris, France), The Mirage and Bellagio Hotels (Las Vegas, NV), Borgata Hotel & Casino (Atlantic City, NJ), Foxwoods Resort Casino (Mashantucket, CT), and Horseshoe & Gold Strike Casinos (Tunica, MS), plus California properties: The Bicycle Casino (Bell Gardens), Commerce Casino (Commerce), and Bay 101 Card Club (San Jose), as well as tournaments sponsored by online poker rooms: Ultimate Bet (Aruba), PartyPoker.com (a cruise to Mexico), and PokerStars (a cruise to the Caribbean).

To date, the tournaments filmed on the WPT have awarded more than $50 million in prize money. Each year, WPT's 15-tournament schedule culminates with the WPT Championship at the Bellagio in April, attracting professional players from around the world as well as talented newcomers and skilled celebrities. At $25,000 a seat, the WPT Championship has the highest buy-in among all poker tournaments to date.

WPT Enterprises plans to film the first PPT tournament this November at the Foxwoods World Poker Finals. The company is in discussion with The Travel Channel regarding PPT broadcast rights. For the WORLD POKER TOUR schedule or more information on WPTE, please visit www.worldpokertour.com.