PartyGaming, the world’s leading listed online gaming company, has agreed to acquire the business and substantially all of the assets of WPT Enterprises Inc. (“WPT”) for a cash consideration of $12.3 million and an ongoing revenue share relating to the purchased assets under which PartyGaming will make a minimum aggregate payment of $3m over the next three years.
Subject to formal approval by the shareholders of WPT, the acquisition is expected to be completed in the fourth quarter of 2009.
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