PartyGaming Seals the Deal with World Poker Tour Purchase
PartyGaming was always known as one of the biggest gambling leagues in the world, bringing Online Poker Rooms, online casino gaming, and even sports gambling to American residents, in the form of a great collection of games. However with the passing of time and with the UIGEA being introduced, Party Poker had to pull away from the American market, which obviously damaged their overall worth and main source of revenue.
This sudden drawback however has not stopped PartyGaming from being one of the largest gambling ventures in the world, as they have recently also taken a major step by acquiring the World Poker Tour which is the second most prominent series of poker tournaments in the world.
Now for a relatively skimpy $12.3 million dollars, as well as a minimum of $3 million dollars revenue sharing over the next three years, PartyGaming will become the new supplier of the World Poker Tour tournaments in the USA and Europe. This takeover has given a chance to PartyGaming to return to the American market, and perhaps a huge increase on the overall worth of PartyGaming.
During the whole scandal Mandalay Media had attempted to push PartyGaming’s bid out of the scene, though their $36 million dollar proposal was rejected, giving PartyGaming the rights to the World Poker Tour. This unparalleled purchase has surely helped with the return of PartyGaming’s online platforms to the United States, despite fines imposed by the government against PartyGaming’s operating in the USA.
The entire deal had caused PartyGaming’s share to rise to 236.7p a piece, up 5.6p from the day’s opening which was also good for its image. Ironically however, this purchase is seen to have been finalized not even two months after Anurag Dikshit, one of the original owners of PartyGaming, sold most of his shares.


