World Poker Tour Enterprises (WPTE), will sell the most shares of the company to a private investment group called, Gamynia Limited. Gamynia has paid a bit over 9 million US dollars for this, and they will also pay a small percentage of future earnings to the previous stockholders. Gamynia Limited, will continue running WPT as usual, but they will also try to get into the online gaming market, this in order to grow even bigger and hopefully make a greater profit.
Steve Lipscomb, President and CEO of WPT Enterprises, comment the affair like this.
"We believe this transaction will enable the World Poker Tour to realize its full potential across both its existing businesses and the lucrative online gaming market, Gamynia and its partners possess highly complementary resources which will help it invest in and effectively integrate with the World Poker Tour efficiently and profitably."
