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WPT: Season 8 soldiers on
It will be business as usual for the World Poker Tour's eighth season, despite the sale of almost all of the company's assets to a privately held investment group.
"At this point we don't anticipate any changes to the Season 8 schedule," WPT Enterprises Interim Chief Financial Officer Thomas Flahie told PokerListings. "No dates or locations are expected to change."
WPT Enterprises, Inc. announced Monday that Gamynia Limited had agreed to acquire substantially all of the company's operating assets including the WPT's television, sponsorship, distribution and licensing units.
Pending shareholder approval, the $9 million sale is expected to be completed in the fourth quarter of 2009.
Under the agreement, Gamynia is expected to push the WPT further into the online gaming market and Flahie said the buyers may even be interested in expanding the tour.
"The buyer has expressed an interest in expanding the tour in Europe," he said. "There's definitely an interest in expanding outside of the U.S. market."
Flahie said operations will continue as normal and details regarding any possible expansion will not be available until after the sale is complete.
The WPT's Season 8 schedule continues later this month with the Legends of Poker event at the Bicycle Casino in Bell Gardens, California, August 22-29.
According to the WPT, Season 8 includes 13 additional stops featuring events in Slovakia, Cypress, Marrakech, Atlantic City, Las Vegas, Los Angeles, San Jose, Biloxi, a new stop in Lawrenceburg, Indiana and the Foxwoods Casino in Mashantucket, Connecticut.
- World Poker Tour sold