2009 August 24 Poker News, Events and Happenings

The Nightly Turbo is bringing you the day’s top news stories all in one place. A lot happened over the weekend, so maybe we’ll throw a little of that in there too. We know you were too busy beating up on the fish to worry about what was going on.

 

SAN FRANCISCO WPT Enterprises Inc., which produces the World Poker Tour television series, said Monday it has agreed to sell substantially all of the company’s operating assets to Peerless Media Ltd.

 
News from Online Poker

August 24 - Lack of time and opposition by Native American tribes means that California is still a long way off from having online poker legalized.

 

WPT Enterprises Inc., which produces the World Poker Tour television series, said Monday it has agreed to sell substantially all of the company’s operating assets to Peerless Media Ltd.

 

World Poker Tour Enterprises (WPTE) announced this afternoon that Peerless Media, a subsidiary of PartyGaming, has purchased the WPT for $12.3 million, as well as “an ongoing 5% participation in gaming and other revenues generated by the assets.”…

 

The long-awaited second bidder in the sale of World Poker Tour Enterprises (WPTE) has finally been revealed. Peerless Media Limited, a subsidiary of Party Gaming, will purchase the rights to the popular poker tour for $12.3 million plus 5% of future gaming revenues.

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