World Poker Tour sold for $78 million to Element Partners

[Pauly McGuire DrPauly (PokerStars) Clubber Holothurianism: +42 % 1,270 posts]

News

World Poker Tour sold for $78 million to Element Partners

The World Poker Tour will have a new owner and news of the WPT sale broke today. Allied eSports Entertainment sold the World Poker Tour to a private group called Element Partners, LLC for $78,250,000. The deal will finalize in the upcoming weeks. Lyle Berman and Steve Lipscomb started the WPT 2002 and it's amazing to see the company grow into a multi-million dollar and global entity.

[...] Read more…