Sunday, November 08, 2009

World Poker Tour Changes Name to Ante4 - 6th November 2009

World Poker Tour Enterprises, which recently completed the sale of its World Poker Tour to an international gaming company, on Friday announced that it had changed its name to Ante4 Inc.

It will trade on the Nasdaq Stock Exchange under the ticker ANTF on Monday, at which time the World Poker Tour’s WPTE ticker will cease to exist.

Steve Lipscomb, founder of the World Poker Tour, said he has money in the bank and a revenue stream from royalties on future poker tournaments as the result of the sale. He plans to buy or merge with another operating company in the future.

“We have one really great employee.” Lipscomb told the Business Journal, referring to himself. “We are looking for opportunities that will maximize shareholder value, but have nothing to announce at this time.”

PartyGaming Media, an online poker company based in Gibraltar, purchased World Poker on Nov. 2 after shareholders from both companies approved the acquisition.

World Poker’s 35 employees now work for PartyGaming at the former WPT offices at 5700 Wilshire Blvd.

Chris Welch, PartyGaming’s chief marketing officer, said the new owners plan to continue producing poker tournaments with the same personnel. (Credit: Wires, Google News, WSJ, MediaMan)

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