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World Poker Tour Bought For $12.3M in 2009 Sold for $35 Million Cash
#1
THURSDAY,25 JUNE 2015 The Domains
According to the news from Domain Forum of China on June 25th, bwin.party sold the The World Poker Tour (WPT) to Ourgame International Holdings Ltd. for $35 million cash.

Ourgame International Holdings Ltd. is a Hong Kong-listed corporation with over 500 million users and has a market cap on the Hong Kong Stock Exchange of around $707 million.

bwin.party acquired the WPT in 2009 for $12.3 million.

“World Poker Tour is unquestionably the global leader in organizing world-class poker events, and we are very proud to acquire one of the world’s greatest brands,” added Ourgame CEO Frank Ng. “WPT, with Ourgame as its new owner, will continue to expand its already impressive global presence, bringing poker and gaming entertainment to cities and homes around the world via television broadcasts, mobile devices, card tables, and more.”

The acquisition is said to be made “on a debt-free, cash-free basis.”

We assume the purchase included the domain names WPT.com and WorldPokerTour.com as well.
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