Tuesday January 19, 2021 at 10:20 pm

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.

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It's been a difficult year for the live tournament scene during the era of COVID-19 and the coronavirus pandemic turning the poker world and casino realm upside down. The World Poker Tour will be under new ownership cannot help but wonder how the coronavirus pandemic sort of forced the action on this one because the WPT had one of their best years because of the online gambling and online poker element. The pandemic forced many gaming companies to pivot and focus on online revenue streams and the ones that relied solely on live brick and mortar events were crushed. partypoker's involvement with the World Poker Tour allowed WPT live events to take place in a safe environment online at partypoker. According to a company report, signups were boosted by 61% in late 2020 due to the pandemic. Without live poker or casinos, poker players fired up online sites.

"Despite the many challenges caused by the COVID-19 pandemic, the WPT business has delivered substantial, impactful results, specifically through its online platforms and services, and has made meaningful contributions for the company," said Allied CEO Frank Ng said via a recent news release.

The WPT Online Championship was a huge success for its $100 million guaranteed prize pool. Phillip Mighall won the Main Event for $1.7 million.

Allied eSports Entertainment, publicly traded at AESE, agreed to sell the World Poker Tour to Element Partners for $78.25 million. The deal for the WPT includes cash up front for $68,250,000 plus $10 million to be paid out over the next three years via 5% of all entry fees.

"I want to thank Frank Ng and the entire AESE management team for their support in allowing WPT to flourish during this period," said WPT CEO Adam Pliska. "My management team and I are excited about this next chapter and the tremendous new opportunities for the WPT brand and business."

“2020 was an exceptional year for WPT's online and interactive services pillars of its business model,” the company's news release notes.

The World Poker Tour came to fruition in 2002 as the brainchild of TV producer Steve Lipscomb and businessman/high-stakes pro Lyle Berman. The WPT flourished thanks to a broadcast deal with the Travel Channel. Right place, right time. The WPT arrived at the cusp of the online poker boom. Wednesday nights were must-see TV thanks to the WPT on the Travel Channel. One of the juiciest times to play online poker back then was on Wednesday nights before and after airings of the WPT episodes.

In the last two decades, an estimated $1 billion had been awarded in prize money via WPT-branded events and tournaments. That's a heck a of lot of money changing hands via poker.

The WPT's first sale happened in 2009 when PartyGaming (aka partypoker) took control for a modest price worth 12.3 million. While partypoker owned the WPT, it merged forces with bwin gaming to form bwin.party. In 2016, bwin.party sold the WPT to Ourgame International Holdings LTD, a Chinese social gaming company, for $35 million in cash.

In 2018, Lyle Berman wanted back into the business and bought the WPT from Ourgame for $50 million. Berman's new company was initially known as the Black Ridge Acquisition Corporation, but then rebranded as Allied Esports Entertainment.

Allied bought the WPT for $50 million and sold it for $78 million. Not too shabby, eh? Allied is rumored to be shedding their eSports assets too.

Not much is known about the new company, Element, that purchased the WPT.

The WPT Montreal Online is currently running on partypoker. Two live WPT events are slated including the WPT Lucky Hearts Poker Open at the SHR in Hollywood, Florida and the WPT Venetian in March.

Latest news
Thursday February 25, 2021 at 9:28 pm
ESPN2 to air WSOP Main Event Final Table and Heads-Up

Get ready for the return of the World Series of Poker on ESPN. The WSOP returns with the 2020 World Series of Poker Main Event to be aired on ESPN 2 starting at 8pm ET, or 5pm Vegas time. The broadcast includes action from the Rio Casino in Las Vega from both the WSOP Main Event final table and the ensuing heads-up match between the winner of the domestic final table and international final table. ESPN's audience will get to see how Argentina's Damien Salas won the 2020 WSOP Main Event bracelet.

Wednesday February 24, 2021 at 12:31 am
RIP Full Tilt Poker, ceases operation this week

Full Tilt Poker is nevermore. The brand, owned by PokerStars, will cease operations this week on February 25. Full Tilt Poker began in 2004 and the online poker site was co-founded by Ray Bitar, Jesus Ferguson, and Howard Lederer. It was shut down on Black Friday in 2011 by the feds and acquired by PokerStars and relaunched in 2012. But now it's time to say goodbye to one of the relics from the poker boom.

Friday February 19, 2021 at 6:30 pm
PokerStars introduces Tetris branded Spin and Go with $1.5 million prize pool

Getting ready to start dreaming about online poker and Tetris! The popular video game is a part of the latest promotion from PokerStars where they continue to combine popular video games and online poker. Get ready for a Tetris Spin & Go and a special Tetris Spin & Go Leader Board running thru March 28 with $1.5 million in prizes up for grabs including a juicy daily prize pool worth $33,000. Play for as little as a quarter, yes $0.25!

Wednesday February 17, 2021 at 2:18 am
Tony G challenges Phil Hellmuth to a heads-up battle

While the poker world craves for a heads-up grudge match between Daniel Negreanu and Phil Hellmuth, the one and only Tony G wants to get in on the fun. The G wants to have a high-stake heads-up showdown against his buddy and former nemesis Phil Hellmuth. Tony G is ready to go any time, and PokerStars wants to host it, but even though Hellmuth has yet to even acknowledge, this will be hilarious hijinks if it ever happens.

Tuesday February 16, 2021 at 9:38 pm
Telex
Carnival Series returns to Southern Europe on February 21 with 272 events

Carnival Series returns to PokerStars in France, Italy, Spain and Portugal starting February 21 and running through March 11. There will be 272 events with more than €10 million in guaranteed prize pools. The Main Event has only a €250 buy-in but also has a 500K guaranteed prize pool. You can qualify for as low as €12.50 through the Spin & Go Carnival Series. There's also a new deposit freeroll. For more details head over to the French version of Club Poker.

Thursday February 11, 2021 at 7:09 pm
Speed Freak Alert! Turbo Series returns to PokerStars with 134 tournaments

If you're a fan of single-day tournaments, or have a thirst for turbo-charged tournaments, then you'll be in for a treat with the 2021 Turbo Series on PokerStars. There will be 134 tournaments and $25 million in guaranteed prize pools starting Sunday, February 21 through March 7. The marquee Turbo Series Main Event has a $1,050 buy-in and a $2 million guarantee.

Wednesday February 10, 2021 at 1:00 am
Michigan awaiting first PokerStars championship series with MICOOP

PokerStars Michigan will host Michigan Championship of Online Poker (MICOOP), their first major online poker festival and COOP-branded tournament series that includes 60 events starting February 20 and running through March 8 during this $1 million guaranteed prize pool. Buy-ins are as low as $10 and there's even a $500 High Roller. The $300 NL Main Event has a $175K guaranteed prize pool. Satellites are running now for as low as $2.

Tuesday February 9, 2021 at 12:01 am
Chris Moneymaker becomes pitchman for America's Card Room

Chris Moneymaker, the fellow with the best name in poker, recently signed a deal to become a pitchman for America's Card Room (ACR). This happened a month after Moneymaker announced that he and PokerStars parted ways after a relationship that dated back to 2003 when he first made a name for himself by winning the 2003 World Series of Poker Main Event and helping usher in the glorious online poker boom.

Thursday February 4, 2021 at 5:24 am
Doug Polk defeats Daniel Negreanu in High Stakes Feud, Wins $1.2 million

The High Stakes Feud between Daniel Negreanu and Doug Polk reached 25,000 hands and Polk came out on top to the tune of $1.2 million after 36 rounds of two-tabling heads-up $200/$00 NL. In the final session, Negreanu lost $256K. The battle lasted a couple of months and despite the pre-challenge venom, the two gained mutual respect for each other by the end.

Wednesday February 3, 2021 at 10:27 pm
Telex
Watch potential final session of High Stakes Feud Between Doug Polk and Daniel Negreanu

Doug Polk and Daniel Negreanu played 23,272 hands of their 25K heads-up challenge at $200/$400 NL. They hope they can finish the last 1,718 hands with a lengthy session on Wednesday. Kid Poker trails by nearly $946K. Can he put a dent in his deficit? Or will Polk pad his lead? GGPoker has a live stream up and running for Negreanu-stans. Joey Ingram will have Bill Perkins on his live stream here. If you want to see Polk's cards up with commentary from Nick Schulman and Jamie Kerstetter, then head over here.

Wednesday February 3, 2021 at 5:53 pm
Video: Hank Azaria's home game including Don Cheadle, Jon Hamm, Michael Cera, Josh Charles

Several of the biggest names in Hollywood played in Hank's Home Game charity event on PokerStars over the weekend. Actor Hank Azaria, mostly known for doing multiple voices on 'The Simpsons', hosted a special virtual home game to help raise money for various charities. Some of his poker-playing thespian friends included Don Cheadle (Oceans's 11), Jon Hamm (Mad Men), Michael Cera (Arrested Development), Michael Ian Black (Wet Hot American Summer) and Josh Charles (Dead Poets Society). Michael Cera won $20,000 for First Responders First, a charity for frontline health care workers.

Tuesday February 2, 2021 at 2:18 pm
Polk and Negreanu play longest session to date, Kid Poker stuck $946K

Doug Polk and Daniel Negreanu played the longest session to date in an effort to finish off this battle later this week. After a 7-plus hour session in Round 35, Kid Poker dropped $209K after nearly 2,000 hands. He was stuck early on and stormed back to dig himself out of a $200K hole, but Polk won two huge hands late in the session to post a big win. They have approximately 1,700 hands to go and Polk is up $946K.

Thursday January 28, 2021 at 3:33 am
Jack Hardcastle wins WPT Montreal Online, Dan Shak 3rd Place

The 2021 WPT Montreal Online played out at partypoker due to the pandemic forcing the event to the virtual tables. The $3,200 buy-in WPT Montreal Online attracted 888 players and the top 133 places paid out. Dan Shak was the chip leader heading into the final table but he busted in third place. Jack Hardcastle knocked out Rayan Chamas heads-up for the WPT title, $447,859 in cash, and the Mike Sexton WPT Champions Cup Event.

Wednesday January 27, 2021 at 2:51 pm
Ilyas Muradi wins WPT Lucky Hearts Poker Open for $809K

Down at the Seminole Hard Rock Casino in Hollywood, Florida, the World Poker Tour finished out a live tournament. Ilyas Muradi outlasted a field of 1,573 players to take down the $3,500 buy-in 2021 WPT Lucky Hearts Poker Open. When the dust settled, Ilyas Muradi edged out Robel Andemichael heads-up to win the first place prize worth over $809,515. Ronnie Bardah busted in third place. The final table also included Francis Margaglione, Jesse Lonis, Tsz Shing, and Andy Hwang.

Monday January 25, 2021 at 9:01 pm
Phil Galfond wins another challenge after Chance Kornuth resigns

Phil Galfond won another Galfond Challenge at Run It Once Poker. With less than 10,000 hands remaining in a 35,000-hand heads-up PLO battle, Chance Kornuth threw in the towel against Phil Galfond. Galfond banked $726,500 through 25,400 hands of $100/$200 PLO. Kornuth lost $250,000 in the side bet with Galfond at 4 to 1 odds. Galfond has now won three out of seven scheduled challenges.

Sunday January 24, 2021 at 6:37 pm
Daniel Negreanu storms back with $390K win in biggest session to date

One session after he lost over $300K and found himself down a cool million in the High Stakes Feud against Doug Polk, Daniel Negreanu stormed back to win $390K in a single session for the highest score to date during their 25,000-hand heads-up challenge at $200/$400 NL. Polk dropped nearly 10 buy-ins during his worst-session. After 31 rounds, Polk still leads by $612K with 6,000 hands remaining.

Friday January 22, 2021 at 3:22 am
Doug Polk heater with $299K score, Negreanu stuck $1 million

The high-stakes feud between Doug Polk and Daniel Negreanu is now at 17,878 hands, but for the first time since the two began their highly-anticipated joust, Negreanu officially fell below the $1 million mark. Negreanu was stuck almost a million last month, but he chipped away and won half of that back. However, Polk won four session in a row and during Round 30 he banked $298,984.93 over 770 hands. Polk currently leads with $1,002,595 with a little more than 7000 hands to go.

Monday January 18, 2021 at 6:32 pm
Paulius Plausinaitis wins 2020 WSOP Winter Online Circuit Main Event for $1.2 million

The 2020 WSOP Winter Online Circuit at GGPoker featured 18 ring events that began in mid-December and concluded this weekend with the Main Event championship. The Main Event attracted 6,395 runners to the $1,700 buy-in championships affair and the pool topped over $10.3 million. American pro Joe Cheong finished in third place, while Lithuania's Paulius Plausinaitis defeated 'turkey1' heads-up for the WSOP Circuit ring and a first-place prize worth over $1.2 million.

Free tournaments and added prizes

The Club Poker organizes freerolls and special tournaments with added prizes.
To qualify for free, register on our poker partners websites:

Tournaments Club Poker
6-MAX
$2.20
Big Poker League
Thursday March 4, 2021 at 8:04 pm
$125 added
6-MAX
$2.20
Big Poker League
Thursday March 11, 2021 at 8:04 pm
$125 added
6-MAX
$2.20
Big Poker League
Thursday March 18, 2021 at 7:04 pm
$125 added
6-MAX
$2.20
Big Poker League
Thursday March 25, 2021 at 7:04 pm
$125 added