Party Gaming set to buy the WPT

Posted by Gerry Poltorak on Aug 25, 2009 Posted in Poker Industry News, WPT News | No Comments »

WPT Sold

Party Gaming are close to purchasing the WPT from under Gamynia noses. Gamynia who put in a bid earlier this month looked close to closing the deal. However with Party Gaming coming in with a better offer, it looks like WPT is set to move to the Party Gaming brand.

Party Gaming the company that owns also Party Poker, which before the UIGEA was the largest online poker network, has confirmed they have put in a bid worth over $15 million. This suggest that Party Poker are looking for away back into the U.S market or at least proparing themselfs for the UIGEA to be overturned.

Steve Lipscomb, WPTE’s chief executive come out and said. “We look forward to working with one of the pioneers and leaders in the poker and online gaming markets to provide a strong vehicle for the WPT brand to continue its global expansion and return to online gaming.”

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