While times have been hard for the online casino gambling powerhouse PartyGaming on a number of different levels, the company is taking all of this adversity in stride and keeping their eye on the prize. There is no question about what that prize entails. They want to be a dominant force among all of the different operators of online casinos on the market. They have long been able to hold onto their prime position as one of the ultimate and widely respected leaders in the casino gambling market despite a few major hiccups along the way. They have battled the United States Department of Justice and had their founders go down in a blaze of glory.

But now they are doing everything in their power to turn over a new leaf and to take a stronger and even more commanding position in the business realm of online casinos. This time their efforts have led them to acquire the WPT Enterprises Inc. This sale involved a huge quantity of money. The deal was estimated to involve no less than $12.3 million. That is not counting the minimum aggregate payment of an additional $3 million over the course of the coming three years that is part of a special share agreement that was reached by concerned parties.

This purchase is packed with some formidable elements including the World Poker Tour brand name and all of the rights to land-based casino events that end up being associated with the World Poker Tour. The sky is the limit with how lucrative this skillful maneuver could end up being for PartyGaming and that is just what they want right now.

Tags: partygaming, world poker tour

This entry was posted on Tuesday, November 10th, 2009 at 10:40 pm and is filed under Online Gambling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.