Re: Will the WPT Still Exist in 2009?

by , Jun 7, 2008 | 12:50 pm

A little more about WPT operations and their current state of affairs:

From Form 8-K:

Item 1.01 Entry into a Material Definitive Agreement.

On May 23, 2008, WPT Enterprises, Inc. (the “Company”) entered into Amendment Number 3 (the “Amendment”) to the television license agreement, dated as of April 2, 2007, by and between the Company and Game Show Network, L.L.C. (the “GSN Agreement”). In the Amendment, the parties agreed to amend the GSN Agreement to provide for a one-time extension of GSN’s option pickup date to broadcast the seventh season of the World Poker Tour series (formerly on May 24, 2008) to June 7, 2008.

And click below for more info about how the business is currently set up:

Source: Standard & Poor’s

Press Release

Standard & Poor’s Initiates Factual Stock Report Coverage on WPT Enterprises, Inc.
Monday June 2, 10:26 am ET

NEW YORK–(BUSINESS WIRE)–Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on WPT Enterprises, Inc.

WPT Enterprises, Inc. (NGM:WPTE) is a company engaged in the creation of internationally branded entertainment and consumer products driven by the development, production, and marketing of televised programming based on gaming themes. WPTE is the creator of the World Poker Tour®, a television show based on a series of high-stakes poker tournaments that airs Monday nights at 9pm ET/PT on GSN in the United States, and has been licensed for broadcast globally. WPTE also offers real-money online gaming on its website, www.worldpokertour.com, which prohibits wagers from players in the U.S. and certain other restricted territories. WPTE also has operations in mainland China, pursuant to an agreement with the China Leisure Sports Administrative Center where WPTE is developing and marketing the WPT China National Traktor Poker Tour. In January 2008, the company launched ClubWPT.com, an innovative subscription-based online poker club targeted to the estimated 60 million poker players in the United States and is currently offered in 38 States. WPTE currently licenses its brand to companies in the business of poker equipment and instruction, apparel, publishing, electronic and wireless entertainment, DVD/home entertainment, casino games, and giftware. The company is also engaged in the sale of corporate sponsorships.

In 2007, the company operated its business through four operating units: WPT Studios, WPT Online, WPT Marketing and WPT China.


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