UK-listed online gambling operator Bwin.party digital entertainment has sold its World Poker Tour (WPT) business to Hong Kong-listed online games operator Ourgame International Holdings for $35m.
On Sunday, WPT Enterprises Inc. announced that it had accepted a $35m cash offer from Ourgame, which has been offering online card and board games since 1998. The deal, which includes all WPT’s properties – live tournaments, television production and the ClubWPT.com subscription poker site – is expected to close on June 25.
Poker is already part of Ourgame’s offering and the company has been a WPT licensee since 2012, helping to promote the WPT China event at the Grand Sanya Resort in Hainan province.
WPT CEO Adam Pliska claimed to be “delighted to now become a fully-integrated member of the Ourgame family,” which Pliska called “a high growth company led by an enthusiastic group that is fully invested in the growth of the sport of poker.”