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Ari Oxman Leads WPT Venetian; Nine Former Champions Still in Contention

Ari Oxman Leads WPT Venetian; Nine Former Champions Still in Contention
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World Poker Tour Sold for Potentially $78 Million

World Poker Tour has changed hands once again.
Element Partners LLC, a private investment company, has acquired the popular brand in a deal that could potentially be worth $78 million, the WPT announced via a Tuesday morning press release. Assuming shareholders approve the transaction, Element will pay $68,250,000 for the WPT, plus an additional 5% of WPT-branded tournament entry fees on Element-owned or licensed gaming platforms, up to a maximum of $10 million, payable over three years after closing.
We think this deal will allow the World Poker Tour to do a number of things thats it s always wanted to do, said CEO
For myself and my management team, we re still here and it s business as usual. We look forward to this exciting opportunity and the next chapter of the World Poker Tour. We look forward to continuing to bring the best in poker around the world. ....

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