Ourgame Acquires World Poker Tour for $35 Million

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On Sunday night, it was announced that Ourgame International Holdings has acquired the World Poker Tour for $35 million. It’s an all cash transaction with no debt. Since 2009, bwin.party has owned WPT, which is renowned for its worldwide live tournaments and events.

WPT President and CEO Adam Pliska commented in a press release, “Having already established an exciting partnership with Ourgame, a high growth company led by an enthusiastic group that is fully invested in the global growth of the sport of poker, we are delighted to now become a fully-integrated member of the Ourgame family. I want to thank bwin.party CEO Norbert Teufelberger and bwin.party CFO Martin Weigold for all of their support over the last six years and for helping facilitate this agreement.”

Last year, Ourgame began licensing products and services related to the WPT in Asian countries. Now, it owns the tour outright.

Ourgame has a market cap of over $700 million and is one of Asia’s leading social gaming firms. In fact, it has over500 million usersand, according to the same release, “For three years, Ourgame has helped facilitate WPT National China at MGM Grand Sanya Resort, bringing together hundreds of social gamers with some of the biggest professional poker players in the world.”

Ourgame CEO Frank Ng commented in the same press release, “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. 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.”

Ourgame is publicly traded and was founded in 1998. According to Online Poker Report, ClubWPT is also part of the sale. The same source added that the closing date was June 25.

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