The World Poker Tour has been acquired by Ourgame International Holdings Ltd.—a Hong Kong-listed, Beijing-based corporation specializing in social gaming—for million in cash.
Ourgame offers a wide range of online card and board games across different platforms, and has more than 500 million users. The WPT had previously worked with Ourgames to hold a WPT National China Tournament at MGM Grand Sanya Resort, and extends a December alliance between the two companies in which WPT agreed to exclusively license its products and services to Ourgame in more than a dozen Asian countries.
The WPT will maintain its Irvine, California headquarters and Los Angeles production offices while expanding offices in Beijing, officials for the companies said.
“Having already established an exciting partnership with Ourgame, a high-growth company led by an enthusiastic group that is fully invested in the global growth of the sport of poker, we are delighted to now become a fully integrated member of the Ourgame family,” said WPT President and CEO Adam Pliska. “I want to thank bwin.party CEO Norbert Teufelberger and bwin.party CFO Martin Weigold for all of their support over the last six years, and for helping facilitate this agreement.”
In 2009, bwin.party acquired the WPT for $12.3 million.