World Poker Tour Sold for $35m; Hastings, Pescatori Double Up at WSOP
The World Poker Tour has been sold to Ourgame Holdings International for $35 million.
Meanwhile Brian Hastings and Max Pescatori became the first dual bracelet winners of the 2015 WSOP over the weekend.
World Poker Tour Sold to Ourgame for $35 Million
The World Poker Tour has a new owner. Over the weekend it was reported that bwin.party has sold the long-running professional poker tour to Beijing-based social media gaming company Ourgame for $35 million.
Ourgame is paying the full $35 million in cash to bwin.party on the closing date, which is expected to be on or before June 25. This is the second time that the WPT has been sold.
Back in 2009 the WPT was struggling and was sold to bwin.party for $12.3 million. This time around the company goes for almost triple its previous selling price.
Under the deal Adam Pilska stays on as WPT President and CEO. Of the deal he stated, "Over the years, we've developed a more holistic model, and that's something we can all be proud about."
"Ourgame has 500 million active users and expansive social media platforms. They have the resources to really change things for the positive of the World Poker Tour and to really make sure the World Poker Tour is around for another 20 years.
"It's positive for social media, they're expansive globally, and they've just been great people."
Brian Hastings and Max Pescatori Become Dual Bracelet Winners
Over the weekend two players won their second bracelets of the 2015 World Series of Poker.
On Saturday Brian Hastings took down the $1,500 Ten-Game Mix to win his second bracelet of the year and third of his career. H
e survived a solid final table including Todd Brunson, Mike Watson and Owais Ahmed to win the title.
On Sunday Max Pescatori won his second bracelet of the summer and fourth overall in the $10,000 Stud 8 or Better Championship.
Pescatori faced one of the strongest finals of the series defeating Daniel Negreanu, Gary Benson, Richard Sklar, Aleksandr Denisov and Stephen Chidwick on the way to the title.
Amazingly neither player is at the top of the GPI Player of the Year rankings. Despite two bracelets Hastings is 367.56 points behind Paul Volpe for first. Pescatori is currently in seventh with 1140.38 points.