In a move PartyGaming says is specifically part of their positioning themselves for re-entry into the US market …

9 November 2009

PartyGaming Plc
(“PartyGaming” or “the Company”)

Acquisition of World Poker Tour completed

PartyGaming, the world’s leading listed online gaming company, announces the completion of the acquisition of the business and substantially all of the assets of WPT Enterprises Inc. (“WPTE”) for a cash consideration of $12.3 million plus an additional minimum aggregate payment of $3m over the next three years relating to an ongoing revenue share agreement.

The assets being acquired include, inter alia:

More…

I went to Bellagio yesterday for free danish a little poker suit ho-down to learn more about the PartyGaming-World Poker Tour merger/acquisition/absorption … and was thinking how this meeting that included outgoing WPT president Steve Lipscomb and incoming new boss Adam Pliska might be kinda like George W. Bush handing the keys to the White House over to Barack Obama — you know, peaceful transition of power, new regime, new direction … change … then I thought, nah, that comparison might not be fair, and might be stretching things a bit.

But then, upon meeting Pliska a few minutes later …

Hmm … White House, WPT House, WPTE House … Party Politics … workshop … but still, there might be something there.

Click below to read the corporate bio of a guy who stands to be rather influential in shaping poker’s future. But first, here’s another pic (taken at the actual White House) of the new WPT president, who was in town to talk about plans for what he believes will be a major poker stimulus:

A few fledgling careers getting a bankroll boost, a couple accomplished players cementing their stati as big-time pros, and one not-so-old legend proving (to himself?) he’s still got something … all in the last two weeks of October:

Tommy Vedes
Festa al Lago (Bellagio)
Las Vegas

New Yorker Tommy Vedes has been on a cross-continental tear — with 9 cashes, 6 final tables, and 2 wins in the past four months for more than $1.7 million in tournament winnings — at events in Las Vegas, London, Cyprus, Tunica, and Thackerville, Okla. His run may or may not have culminated this month with a made-for-TV WPT victory against a pro-heavy 275-player field in the $15k Festa main event.

Check out Vedes’ lifetime stats

Howard Lederer
Festa al Lago (Bellagio)
Las Vegas

New York émigré @howardhlederer may have been starting to doubt himself upon realizing he had only two wins in 25 WSOP final tables, and no victories anywhere in nearly two years. Fortunes changed with the latest $10k HORSE event in Las Vegas, kinda an “old school” tourney (19 entries, $92k top prize) that Lederer self-covered on Twitter.

Read why the Professor should always be your official “pick to win it”

Isaac Baron (“westmenloAA”)
Caesar’s Palace Classic
Las Vegas

Confirmed online tournament bad-ass showed he could close it out live in LV by winning the $5k main event at Caesar’s for a $250k payday. The 22-year-old beat a tough final table, too, bettering Theo Tran, Jimmy Tran, Kathy Liebert, and 2008 EPT Grand Final Champ Glen Chorny — a rematch of sorts, as Baron finished 4th at that final table.

More on Isaac Baron’s continuing climb

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The usual crew talked a little (new era) poker on TV this week — 2M2MM + PokerStars Million-Dollar Challenge — and then BJ number-geeked out on Daniel Negreanu’s breakdown of WPT performance stats … and a Calling the Clock segment on coaching at the WSOP main event.

on PokerRoad

The Poker Beat
Huff, Caldwell, Wise, Michalski, Nemeth, Stapleton
10/22/09

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Short jokes aside, “the little corporal” of poker is on a Napoleonic quest to dominate the poker world … or at least the WPT.

The WPT Festa al Lago final table gets underway this afternoon/eve (4pm PT). After all the early tourney hubbub about super-late registrations and related blind structures, the final table looks not unlike just about every other WPT final table — with one well-known pro, one kinda-sorta known pro (Vedes), and four other guys.

Freddy Deeb is the chip leader going into today’s action, but not by much. This is Deeb’s fifth WPT final table (out of 70 appearances) and stands to be his third win, which would tie the WPT bracelet record currently held by Gus Hansen. Deeb also has two WSOP bracelets to his name.

The Festa al Lago final table, by chip count, with seats yet to be drawn:

1. Freddy Deeb – 3,840,000
2. Shawn Cunix – 3,670,000
3. Tommy Vedes – 2,990,000
4. Craig Crivello – 2,570,000
5. Jason Lavallee – 2,045,000
6. Jason Burt – 1,375,000

You can follow the play-by-play at WorldPokerTour.com or via PokerListings here.

We low-stakes players love the deep-stack events … but as Matt Savage pointed out this summer, and a concern that Andy Bloch has re-raised more recently, big-time pro tourneys don’t necessarily benefit in the same way from these structures.

(The basics of the beef: the blinds move too slow early, and too fast in the middle of the tournament.)

Should be extra interesting to see these issues in action tomorrow for the start of the WPT Festa al Lago $15k main event. Not only are stack sizes in relation to the blinds in play, but also — and I’m pretty sure this part is new — players will be allowed to late-register (with a totally fresh starting stack) well into Day 2!

For a better explanation, WPT Lead Tournament Reporter BJ Nemeth breaks it down a bit more. Says BJ:

There are currently 40 players registered for this WPT event, & there is only one starting day (tomorrow).

Like the December tourney, this one will let you register anytime during the first *eight* levels. [So] they’re letting players register until 5:00 pm on Day TWO.

This tourney begins with 60,000 in chips (4x stack) and blinds at 50-100. That’s 600 big blinds. (Though I still expect someone to bust in the first level or two.)

If you skip Day 1 and show up at the start of Day 2, you’ll have 75 big blinds to work with. If you wait as long as possible and begin play at the start of Level 9, you’ll have 37.5 big blinds in your stack.

Hmm, OK … we’ll have to see if this adds fuel to Andy Bloch’s fire, or satisfies those who pony up the $15k buy-in enough that complaints about overly deep stacks fail to grow any teeth. Word is that tournament-side WSOP officials will be watching closely at how it plays out.

Click below to see Bellagio’s venerable TD Jack McClelland’s blind structure for tomorrow’s big event in its entirety:

More…

At least we’ve heard of this company, right? It just came over the wire (errr, internet) that the Gamynia deal has been terminated in favor of an agreement to allow a PartyGaming subsidiary, Peerless Media Ltd., to purchase the WPT assets for a cool $12.3 million. Check ‘er out:

PartyGaming Moves For World Poker Tour Assets with Superior Offer

LOS ANGELES, Aug 24, 2009 (BUSINESS WIRE) — WPT Enterprises, Inc. (Nasdaq: WPTE) (“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.

More…

A couple of great pieces for weekend reading…

Amy Calistri always has eyes on the stock market and the corporate goings-on of poker-related businesses, and her latest take on the sale of the WPT assets is right on the money. She gives the latest about stockholder rage over the WPT/Gamynia move and puts into words what I’ve been thinking for years, since shortly after I left the WPT fold and began to notice its downfall. That’s not to say it can’t rise again, but it might need new leadership to make that happen. An excerpt:

Frustration and envy appear to be the seeds of the series of missteps that sapped millions of dollars and focus away from the company’s core business. While the WPT helped create the poker boom, its television production business model only got a small piece of the obscene profits that were being generated by poker’s popularity. Online poker companies and online media sites reaped the lion’s share. This infuriated the WPT; they felt they were owed.

Gambling law professor I. Nelson Rose can break down a legal document or political issue like nobody’s business, and it’s a good thing he took the time to analyze the Menendez bill introduced to the Senate this week. Thanks to Poker Grump, this piece takes a look at the 91-page document and sheds some light on the proposed participation of states in the regulation/licensing of online poker, the tax on deposits to online sites, and the possible exemption of sites like PartyPoker from licensing. A sampling from the article:

Taxes might be a problem. The Frank bills have no limit on what taxes states can impose on operators, but limit the federal government to what is called a fee of 2% on deposits. Menendez is asking for less and more: A Federal Internet gaming license fee of 5% of deposited funds and a State or Indian tribal government gaming license fee of another 5%. This does get over the big problem with the Frank bills, that the big states, like California, where the customers will be, have no incentive to support Internet gambling operated and taxed by Nevada. Under Menendez, California gets that 5% tax. Although the states won’t like this provision: Tribes are treated like states, so if a player is on Indian land, that tribe gets the full 5% and the state in which the tribe is located gets nothing.

Of course, the tax system is still screwy, since it is a tax on deposits, not revenue. But it might work.

The World Poker Tour seems to have gone from the leader in the industry to a company with teetering stock prices and an unknown future/direction. It’s no surprise that the past few years of declining tournaments on the schedule, players in the events, and television channels willing to pay for the shows, rumors will fly about a possible sale of the company.

And thus, we bring you the latest whisper, thanks to Bill Rini. Gaming Intelligence is suggesting that the WPT has been in talks with a company like bwin, which is the company that sponsored the WPT’s recent venture to Venice, Italy.

It’s been discussed for some time that PokerStars and Full Tilt Poker are interested in a purchase as well, both companies of which are sponsors of the WPT. Since numerous entities have good relationships with the World Poker Tour, it might simply be a matter of $$$.

Wow, so much big action going on today. I really can’t think of a comprehensive way to follow it without tuning in to a lively collection of poker-player twitter feeds.

Obviously it’s Day 6 of the WSOP main event … and we’re all starting to wonder just how deep @DonkeyBomber and several others (Peter Eastgate, Dennis Phillips, Joe Sebok, Phil Ivey, Elky, David Benyamine) can go. Click here to follow the live updates on WSOP.com.

NOTE: Tom is playing at the ESPN featured table with Prahlad Friedman. I told him he didn’t have to wear his patch until Day 7. Oops? What I didn’t take into account (via Pauly):

Another huge table? Jordan Morgan drew Phil Ivey and David Benyamine’s table. All are top pros but very quiet players who rarely speak at the tables. I guess that’s why they’re not on the featured TV table.

And then down the hall in the Brasilia room, @taopauly and I are looking to take down the WSOP Dream Team Poker team title and then some.

Today is also the start of the Venetian Deep Stacks main event — a $5k that looks to have lots of WSOP main event bustouts in the field. And Team Pokerati will have its representative in @Tbonezz111. It’s the biggest event Troy’s ever played in; he got in on a $130 satellite to a mega-satellite … so should be fun to see if he can make a run for the bubble and then some.

Lastly, the $15k Bellagio Cup V main event starts today. Should be interesting to see who plays (and who doesn’t, opting instead for the Venetian action). You can follow those updates at WorldPokerTour.com.

Wheee! Great way to start the week … and bring the big poker summer to a close.

Players to Watch

Negreanu

Wahlbeck

Johnston

Shinn

Turner

Flack

Boukai

Recapping the conclusion of Monday’s play… and looking forward at Tuesday’s action ready to get underway.

Foley Flies Home a Winner

Ray Foley, a business manager for Chrysler Financial, bested Brandon Cantu headsup to take down the $1,500 NL Holdem event early Tuesday morning, collecting $657,969 along with his first WSOP bracelet. Cantu was hoping to pick up his second, starting heads-up play and had Foley drawing to two outs in what appeared to be the final hand, but Foley caught a third ten on the turn to pass Cantu’s flopped pair of kings to take the lead. Foley’s Q-J outkicked Cantu’s J-7 on a jack high board in the final hand to send Foley, a resident of Northville, Michigan home the winner. Alex Jacob was the only other notable at the final table, finishing third.

Graham Cracks Russian, Wins PLO World Title

The $10,000 Pot-Limit Omaha World Championship was won by Matt Graham, coming back from a 9 to 1 chip deficit to win his second career WSOP bracelet. The other three previous WSOP bracelet winners finished 7th, 8th and 9th (Josh Arieh, Richard Austin and Barry Greenstein respectively).

Five Remain in 5k Shootout

The final table of the $5,000 NL Holdem Shootout is now set, and here’s how the players will be seated, each with 1,500,000 in chips when play resumes at 2pm PT:

Seat 1: Maxim Lykov – 900000
Seat 2: Danny Wong – 900000
Seat 3: Andrew Lichtenberger – 900000
Seat 4: Peter Traply – 900000
Seat 5: Nasr El Nasr – 900000

Turner Hopes To Turn It On Again

14 players remain in the $2,500 8-Game Mixed event with Jon Turner (469,200) the chip leader when play resumes at 2pm. Other notables returning: Adam Friedman (325,800), Layne Flack (283,400), former MMA fighter and bracelet winner Rami Boukai (137,700), and Jimmy Fricke (47,400).

Seniors Day 2

Lloyd Shinn of Dallas (86,500) leads the 397 players returning for Day 2 of the $1,000 Seniors NL Holdem World Championship at 2pm. Former WPT winner Eric Hershler (82,500) is in second. A few names stand out among the remaining players, such as Jerry Reed (38,500), former WSOP Main Event winner Berry Johnston (29,400), “Minneapolis Jim” Meehan (27,400), and Hall of Famer Barbara Enright (24,600).

Razzerific!

Day 2 of the $2,500 Razz has Warwick Mirzikinian the leader (59,400) of the 118 players returning at 2pm on Tuesday. The field started with 315 players, only 32 making the money. Notables also returning include: David Chiu (41,800), Kenna James (38,600), Ville Wahlbeck (35,300), Justin Bonomo (30,600), Daniel Negreanu (21,900), and Archie Karas (15,900).

Tuesday’s Tournaments

Another two tournaments on Tuesday, starting with the $10,000 Pot-Limit Holdem World Championship, won last year by Nenad Medic for almost $800,000 in a field of 352. The 5pm tournament is the debut of the $2,500 Omaha 8 or Better event. The WSOP Staff Guide projects a field of 370 for the 10k PL Holdem event, while in the $2,500 OHL, a field of 525 is projected.

An LOL from @TexDolly:

Joan Rivers is so dumb she named her Zebra Spot

I think the finale is tonight The semi-finals are tonight … I can tell people are starting to watch it on the east coast. Doyle Brunson’s watching it, too, apparently, but I guess he’s got some special cable/satellite hook-up that doesn’t make him wait for the same time-zone delay that has me waiting.

(And yes, I’m waiting. Apparently Pokeratizens got it wrong when, pre-episode 1, we thought the only show it would beat ratings-wise was World Poker Tour reruns. Turns out to be one of the hot shows of the year worldwide, even among non-poker people — much because of the Annie Duke/Joan Rivers disrepute.)

It appears that the WPT Europe that was announced in February 2008 may finally get off the ground this year in its attempt to compete with the mighty European Poker Tour. A criticism of the WPT as its tournament schedule has decreased has been its focus on staying in North America. However, at least 4 tournaments are scheduled to take place in Europe and Africa in the coming months.

Besides the already announced WPT Venice in May and WPT Marrakech in October, two more WPT tournaments have been announced this week. The WPT Spanish Championship returns to Barcelona in late June, while in September the WPT-Merit Cyprus Classic Poker Tournament makes its debut. None of these tournaments are scheduled to air in the US, but the action can be followed online or broadcast on European television.

Also noteworthy are the various online poker sites that don’t allow US customers that are getting on the WPT bandwagon to hold satellites for these WPT tournaments like bwin in Venice and Chili Poker in Marrakech. The season VIII schedule for the rest of the tour has yet to be announced, and will be interesting to see what other changes will appear.

Bellagio’s ultra high stakes action is spilling out of Bobby’s room into the main poker room. WPT $25k is bringing out all the high rollers.

I don’t think this has much to do with poker directly, but I’m trying to pimp a new blog indirectly it does because ESPN suddenly finds itself with a little extra programming cash on hand — not to mention some extra air time — having lost the rights to broadcast the Champions League in the US to Fox Soccer Channel.

Perhaps Fox got the funds to outbid ESPN from all those Season 7 World Poker Tour/Full Tilt infomercials they’ve been running? And what do you think the odds are that this could mean raises for Norman Chad and Lon McEachern more poker on TV?