World Poker Tour Bought by PartyGaming for $12.3 Million

August 25, 2009 Sadonna Price 0

It was announced yesterday that Peerless Media, a subsidiary of PartyGaming, has purchased the World Poker Tour for $12.3 million. World Poker Tour Enterprises made the announcement yesterday and stated that along with the purchase price, PartyGaming will be earning at ongoing 5% participation in gaming and revenues that are generated by the assets.