Tuesday, August 25, 2009

PartyGaming Plc - Agreement to acquire the World Poker Tour

PartyGaming, the world’s leading listed online gaming company, has agreed to acquire the business and substantially all of the assets of WPT Enterprises Inc. (“WPT”) for a cash consideration of $12.3 million and an ongoing revenue share relating to the purchased assets under which PartyGaming will make a minimum aggregate payment of $3m over the next three years.

Subject to formal approval by the shareholders of WPT, the acquisition is expected to be completed in the fourth quarter of 2009.





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