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888poker hosts WPTDeepStacks™ events
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888poker hosts WPTDeepStacks events
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WPT Targets Asia’s 1.2 Billion Mobile Gamers with Unique Spring Festival
3 Min read
The World Poker Tour is breaking new ground in more ways than one, thanks to a new partnership with Poker King.
Tom Dwan and Phil Ivey will be among the celebrities playing the mobile-only WPT Spring Festival on Poker King. (Image: Kakuchopurei)
Poker King made headlines last year when it recruited Tom Dwan and Phil Ivey to peddle its wares. Now, with its mobile poker app gaining momentum in Asia, it’s linked up with the WPT for a unique tournament series.
The WPT Spring Festival will run between Feb. 11 and 22. Ivey and Dwan will take part, but the real USP is the fact it’s a mobile-only series.
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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