navLeft Online Poker 777 - the most updated online poker related portal chips navRight

online poker

   Tuesday, March 28 2023 
Put up for sale of the WPTE: A second buyer in sight

We announced few times ago a sale of the assets of the parent company of the World Poker Tour (WPT) to Gamynia Limited. The amount of the deal was estimated at 9.075 millions of dollars. The agreement of the sale stipulated that the new buyer who will continue the activities of the WPTE including TV programs, the sponsoring and the distribution of operating licenses and will attack market of online poker. While they got ready to conclude the negotiation, a new potential buyer came. World Poker Tour has moreover just announced in a communiqué to financial markets that he have received a counterproposal which is in the way of study currently.

But any information about the possible buyer was not mentioned in the communiqué. Will the sale of World Poker Tour by Gamynia Limited thus be interrupted after this information? Nobody is able to give an answer. But the only thing about which we are certain is that the repurchase by Gamynia Limited is approved by 39 % of shareholders. WPT has 21 days after the announcement of the resumption to validate the procedure of repurchase, but the process could be postponed further to this new counterproposal. The announcement of the repurchase of the World Poker Tour by Gamynia does not seem convincing investors. The increase of the price of the WPTE share at the end of July, in the New York Stock Exchange is a thing of the past. The share which was worth $1.87 on July the 24th, 2009 and which decreased to $1.09 on August 19th shows well the distrust of investors to this repurchase.

This page has been viewed 395 times.

All trademarks and copyrighted information contained herein are the property of their respective owners.

Top Rooms
NetBet Poker
200% up to € 1,500
888 Poker
Get £12 free, no deposit required
William Hill
Up to 300 €
Titan Poker
200% up to $2,000
125% up to $500 first deposit bonus
Party Poker
50$ welcome bonus

Copyright © 2023


  All rights reserved.