Poker is the Most Popular Game on the Net
August 31, 2009
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When gaming players want to play that perfect game which combines skill, luck and the ever popular challenge, their perfect choice is internet video poker. They have their choice of game style, including Jacks or Better, Deuces Wild, Jokers Wild, Texas Hold-Em, and a lot more. There are also many different betting options, and skill levels.
Many online casinos are truly state of the art and can offer the player many different and realistic playing experiences, rivaling the brick and mortar local casino.
If you want to see what all the excitement is about online poker games, check out the many online casinos and partake of all the fun and excitement. They even offer the options of free play with a download to your computer or many offer the great experience playing a free flash version. Either way, it’s a great way to sample the fun and all the options available to the online player.
If playing for real money is your cup of tea, look no further than your online casino. Many, with all the growing competition, offer many exciting and innovative promotions and special bonuses. Combine this with the many video poker tournaments and other fun offers, and you can see how this is an excellent way for you to see and try out the online poker casinos and everything they offer. You can even win a seat at the World Series of Poker online.
So come see and join all the fun and see what all the excitement and buzz is all about. You will be glad you did!
See Them Here.
Major Piece of WPT Assets Bought by PartyGaming
August 25, 2009
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This information was released by the press in California, here is the release.
LOS ANGELES, California — (PRESS RELEASE) — WPT Enterprises, Inc. (“WPTE” or the “Company”) today announced that a subsidiary of PartyGaming Plc, Peerless Media Ltd. (“Peerless Media”), has agreed to purchase substantially all of WPTE’s operating assets other than cash, investments and certain excluded assets. WPTE’s Board of Directors received the offer after privately held investment group, Gamynia Limited, and WPTE announced an asset acquisition agreement, which was terminated after further consideration of the Peerless Media’s financial proposal.
“PartyGaming has been an important partner for a number of years and we are confident that they will be an excellent manager of our brands in the future,” said Steve Lipscomb, President and CEO of WPT Enterprises. “The Board of Directors has determined that PartyGaming’s acquisition proposal is financially superior and we look forward to working with one of the pioneers and leaders in the poker and online gaming markets to provide a strong vehicle for the WPT brand to continue its global expansion and return to online gaming.”
Peerless Media will pay WPTE $12.3 million and will pay WPTE an ongoing 5% participation in gaming and other revenues generated by the assets. Certain payments made by PartyGaming or its affiliates to the Company prior to the close shall be credited on a dollar for dollar basis against the purchase price paid at the close, as more fully described in Section 2.6 of the purchase agreement.
Under the asset purchase agreement, WPTE will sell its television library, including all related intellectual property rights, brand names, trade names, certain assumed contracts and tangible personal property. WPTE will retain its cash and cash equivalents, investments in debt securities and put rights, certain other investment and litigation assets, and future license revenues from certain existing Sponsorship deals for Season Seven of the World Poker Tour.
The net cash proceeds from the asset sale will be retained by WPTE which plans to use the cash to develop or acquire a non-poker related business. WPTE does not currently intend to distribute any proceeds from the asset sale to its stockholders.
Closing Conditions and Stockholder Approval
The asset purchase transaction is subject to specified closing conditions. The obligation of Peerless Media to complete the transaction is subject to the absence of changes or circumstances that are materially adverse to the Company’s financial condition, assets, business or results of operations and other customary closing conditions. The Company’s obligation to complete the asset sale is subject to the approval by the Company’s stockholders of the asset sale transaction and other customary closing conditions. The Company and Peerless Media currently expect to complete the transaction in the fourth quarter of 2009.
The transaction must be approved by a majority of the holders of the Company’s outstanding common stock. To that end, and as described further below, the Company expects to hold a special meeting of stockholders and in connection therewith to mail a proxy statement to its stockholders that will provide additional information concerning the asset sale transaction and the asset purchase agreement. Certain significant Company stockholders, representing approximately 39% of the Company’s common stock, have entered into voting agreements committing to vote in favor of the asset sale transaction to Peerless Media.
Important Additional Information about the Asset Sale will be filed with the SEC
The Company plans to file with the U.S. Securities and Exchange Commission (“SEC”) and mail a proxy statement to its stockholders in connection with the asset sale transaction and the asset purchase agreement. The proxy statement will contain important information about the Company, Peerless Media and the guarantor of Peerless Media’s obligations, ElectraWorks Ltd., and related matters. Investors and security holders are urged to read the proxy statement carefully when it is available.
The Company’s investors and security holders will be able to obtain free copies of the proxy statement and other documents filed by the Company with the SEC through the website maintained by the SEC at www.sec.gov. In addition, the Company’s investors and security holders will be able to obtain free copies of the proxy statement by contacting WPT Enterprises, Inc., Attn.: Investor Relations, 5700 Wilshire Blvd., Suite 350, Los Angeles, CA 90036 or by calling 323-330-9900.
The Company and its directors and executive officers, may be deemed to be participants in the solicitation of proxies with respect to the asset sale transaction and the asset purchase agreement. Information regarding the Company’s directors and executive officers is contained in the Company’s Annual Report on Form 10-K for the year ended December 28, 2008 and its Proxy Statement dated March 31, 2009, which was filed with the SEC.
Hits on Online Poker Proposal
August 20, 2009
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On Tuesday Morning, when asked about a proposal before the California State Senate for a state sanctioned online poker bill, California Senate Pro Tem Darrell Steinberg, D-Sacramento, stated: “I don’t think it should be taken up in the last four weeks. I think it is a legitimate idea for consideration. I only have one question when I hear a proposal like that: how much money for the sate General Fund? It’s all I want to know. You know, is it two, three hundred million dollars? If it is, I’d consider it. But I think it’s going to take more than four weeks to analyze that kind of proposal and the potential economic benefits”.
The effort to pass this legislation is being headed by the Morongo Band of Mission Indians. They operate one of the largest tribal casinos in the State of California, and several card clubs. Their bill would legalize a centralized online poker website for online customers within California’s borders.
On Wednesday, the California Indian nations gaming Association (CNIGA) voted for a resolution to support the concept in principle. CNIGA includes 36 tribes, including the Morongo Indians and several gaming tribes. Last week, the California Tribal Business Alliance (CTBA), representing several tribes operating casinos, sent an opposition letter to the state legislature.
Full story!
Think you Could Beat a Champion Poker Player?
August 11, 2009
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If you think you have the skills and the talent and would like to test it out, now is your chance to see how you stand up to two Poker Player Champions. And the winnings go to a good cause.
August 11, 2008 (London, UK) How about beating two? Jamie Gold and Peter Eastgate are hosting a charity poker tournament at The Casino at The Empire, Leicester Square Thursday, August 13th.
Do you think your poker game is up to scratch? If you do, and you fancy pitting your skills against WSOP world champions Jamie Gold (2006 World Champion) and Peter Eastgate (2008 World Champion), register your interest at http://www.pokerinthepark.com/jamie-gold-charity-tournament.html and put your money where your mouth is. The tournament is being held at the Casino at the Empire on Thursday 13th of August at 7:30, alongside Europe’s biggest poker festival, Poker in the Park.
This unique opportunity to play against two world champion poker players is being held to benefit the Jamie Gold Foundation, a charity set up by Gold following his record-breaking $12,000,000 World Series of Poker victory. The tournament buy-in is a £500 charitable donation to the Jamie Gold Foundation, and gets you into the fray with not just Gold and Eastgate, but with football legend Teddy Sherringham, TV actor Michael Greco, musician Mark Chadwick of the Levellers and poker pro JJ Hazan. (Players may also play for their seat at £50 sit’n go satellite tournament held all Thursday at the Casino at the Empire).
£20,000 of prizes for winners have been generously donated and include a seat to the London EPT donated by Poker Stars, a package to the Unibet Open, a tailor-made Gresham Blake Suit, a week’s poker training in Las Vegas, a pop star experience, a safari park expedition, a custom poker table, a custom chip set and several items of jewellery.
The Jamie Gold Foundation supports a number of charities including The Muscular Dystrophy Association/ALS Division, The Michael J. Fox Foundation for Parkinson’s Research, The Montel Williams MS Foundation, Sunflower Children, Covenant House, The Fallen Heroes Fund, The Fulfillment Fund and The Abolish Slavery Coalition.
The Jamie Gold Foundation Charity Tournament is held alongside Poker in the Park, Europe’s largest Poker Festival. Poker in the Park takes place in Leicester Square, London on Thursday the 13th of August (5pm – 9:30pm) and Friday, August 14th (12:00 pm – 9:30pm). It is free to enter and has everything for the poker enthusiast, including free live poker tournaments every hour, free lectures from the biggest names in poker, free personal poker tuition, heads up play, poker books and gear and much, much more. See www.pokerinthepark.com for details.
This could be fun for all and you could learn from 2 of the best at poker. We want to wish all of you that participate in this the very best of luck.
New Poker Bill Sent to US Senate
August 6, 2009
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We have been saying all along that poker is a game of skill and not gambling. Well they are finally listening to us. Robert Menendez, the Dem. Senator from New Jersey is backing this with this bill to the US senate. It is officially called S. 8309, the Internet Poker and Games of Skill Regulation, Consumer Protection, and Enforcement Act.
This is separate from the Bill that Barney Frank has in legislation. This bill is designed to legalize and regulate internet poker.
“To amend title 31, United States Code, to provide for the licensing by the Secretary of the Treasury of Internet poker and other games that are predominantly of skill, to provide for consumer protections on the Internet, to enforce the tax code, and for other purposes,” the bill begins.
To read the full story and to see a copy of the bill it is here.
