The WPT grew under bwin.party, but was finally a loss-making acquisition tool. New owner Ourgame wants the brand to help it to develop right into a ’global social video gaming company.’
The entire world Poker Tour was offered to a Hong Kong-based social media games developer for $35 million in cash.
Owner bwin.party confirmed the sale, to Ourgame International Holdings Ltd, early adding that the deal had no bearing on the acquisition talks surrounding the rest of its assets monday.
The WPT had been a ’non-core asset of the team,’ a company representative stated, emphasizing the sale that is recent of units, such as for example Win, the organization’s social gaming arm.
Bwin is currently in negotiations with 888 Holdings, that has offered an undisclosed cash and paper bid to find the business in its entirety, and Amaya Inc and GVC Holdings, which have actually proposed a €1.5 billion ($1.7 billion) joint bid that could essentially divvy up bwin.party’s assets between the two.
User Acquisition Tool
Ourgame, a relatively unknown company in the English-speaking world, is listed on the Hong Kong Stock Exchange and specializes in online multi-platform card-based social games for the Chinese and eastern Asian markets, where it offers 30 million active monthly users.
In 2014 its games brought in revenues of $76.7 million, and in December that year Ourgame acquired the rights to use the WPT brand in 14 nations across East Asia, including China, Malaysia, Korea, Vietnam and the Philippines. The two companies cooperated on the organization associated with WPT China, late final year.
Beneath the terms regarding the agreement, bwin.party continues to sponsor events on the tour in European countries and the united states until December 31, 2016.
The WPT was really a client acquisition tool for bwin.party. This past year it yielded a reported total revenue of around $11.8 million, and a loss at the clean earnings, before interest, tax, depreciation and amortization, of $4.6 million
Because it acquired the WPT from creator Steve Lipscomb’s WPT Enterprises, for $12.3 million, bwin.party has grown the tour from a series of 16 primary event stops to more than 70 events across the world, with the addition of WPT Alpha8, WPT National and WPT DeepStack events.
Ourgame says that the purchase will help it develop to into an international gaming brand that is social.
’in the last six years we’ve built WPT into a franchise that is global with tournaments and television deals in several nations including Asia, where poker remains a favorite and growing sport,’ said Martin Weigold, chief financial officer of bwin.party. ’However, consistent with this strategy of divesting our non-core assets, we think that now may be the right time to release that value for investors so that we can focus our efforts on our core a real income gaming and technology business.’
Bryan Micon Expected In Court On Thursday
Bryan Micon will come back to Nevada to make a scheduled court date this Thursday. (Image: CalvinAyre.com)
Bryan Micon is coming back once again to America to face the music regarding the charge filed against him by Nevada authorities.
According to court records, Micon is expected to produce a court appearance at A thursday hearing, and defense attorney david chesnoff has said he expects micon to be here for the court date.
Micon was the chairman of Seals with Clubs, A bitcoin-based online poker room that was power down earlier this year after a February raid on Micon’s vegas residence.
That ended up being one of a few events, including a number of technical difficulties, which apparently led the Seals with Clubs management team to want to shut down store.
Raid Leads to Arrest Warrant
While Micon premiered without the charges filed against him following the raid, authorities did seize some computers along with other electronic equipment that belonged to him.
In April, Nevada officials issued an arrest warrant for Micon, alleging he had operated an unlicensed interactive gaming system in the state.
But by that point, Micon had taken refuge in Antigua along with his family members, having flown there right after the raid that is initial. Micon’s return for the court hearing appears to be the very first time he has stepped base in the usa since leaving a few months ago.
Micon has since launched a new version of the web site, known as swcpoker.eu, which is also A bitcoin-only poker site.
Last week, in front of the scheduled court appearance, a judge recalled Micon’s arrest warrant, which allowed him to travel that is freely to Nevada. In accordance with court documents, Micon will probably face a booking that is brief the Clark County Detention Center, but should then be released on his own recognizance.
Chesnoff Defends Another Much Talked About Client
If the name of Micon’s lawyer strikes you as familiar, it’s most likely it frequently in gambling-related cases over the past year, as well as in stories about cases involving other celebrity clients because you have been seeing.
Chesnoff was a key member of the protection team that eventually got all charges dismissed against Paul Phua, the businessman that is malaysian high stakes poker player who was accused of running an unlawful World Cup sports betting ring from a property at Caesars Palace.
In that full case, Chesnoff was successful in having almost most of the proof against Phua trashed of court due to FBI tactics which were later deemed unconstitutional with a judge.
Chesnoff also represented Instagram superstar Dan Bilzerian after he was charged with counts associated with bomb-making following the detonation of a homemade explosive, spreading parts of a tractor-trailer cab across public lands outside Las Vegas.
For the reason that case, Bilzerian avoided much more serious charges and instead entered a misdemeanor, which is why he paid a find and recorded a public service announcement for the Bureau of Land Management.
Micon could potentially face consequences even more serious than either Phua or Bilzerian, making the stakes even higher for Chesnoff and his client that is latest.
If Micon is found guilty regarding the unlicensed gaming that is interactive charge, he could potentially face as much as 10 years and jail and a $50,000 fine.
Bitcoin gambling sites have actually gained appeal in the past few years, as players can totally avoid traditional banking systems using the currency that is digital. This case marks the time that is first a poker site considering Bitcoin has been prosecuted in america.
New Documents Reveal Pete Rose Bet on Baseball as Player
New documents reveal that Pete Rose gambled on the Reds while he was still playing for the group. (Image: USATSI)
Pete Rose admitted over about ten years ago he had bet on baseball as the manager regarding the Cincinnati Reds, and that alone was more than enough for Major League Baseball to justify maintaining Rose permanently ineligible to participate in baseball activities.
But Rose has always maintained, up through this 12 months, that he never made such bets as he was a player.
Now it seems as if also Rose’s partial defense may have been a lie.
A former associate of Rose’s, by the US Postal Inspection Service in October 1989 on Monday, ESPN’s Outside the Lines published pages they obtained from a notebook that was collected as part of a raid on the home of Michael Bertolioni.
Notebook Shows Bets from 1986
In the notebook, there are details of bets by Rose that occurred in 1986, the last 12 months of their playing career when he served as a player-manager for the group. The pages revealed by Outside the Lines cover betting activity that covers March through July 1986.
Critically, the notebook does not show any evidence (or suggestion) that Rose ever bet against the Reds whenever you want. While not every thing in the material is legible, the written book does show that Rose bet on baseball on at least thirty days during that period.
On 21 of the days, there had been bets by Rose on the Reds, including on at least some games that Rose played in himself. Rose also bet heavily on other sports, particularly on basketball.
Most of Rose’s bets were for $2,000, regardless of the activities he had been wagering on. His single biggest bet was a $5,500 wager regarding the Boston Celtics, one that he lost.
Dowd Finds Closure from Documents
The former federal prosecutor who headed up the Major League Baseball investigation into Rose’s betting and lent his name to the infamous Dowd Report that led to Rose’s ban from baseball, the new information served as a vindication of the work he did back in 1989 for John Dowd.
’This does it,’ Dowd said. ’ This closes the door.’
The details in Bertolini’s notebook was unknown until now because it arises from a research into mail fraud and had absolutely nothing to do with Rose or gambling in general.
Since then, the notebook happens to be under a seal that is court-ordered the New York office of the nationwide Archives, and officials have declined to discharge it publically.
Outside the Lines had Dowd newly review the unveiled documents being a section of their story.
’We knew that [Bertolini] recorded the bets, and himself, but we never had his records,’ Dowd said that he bet. ’This is the final piece for the puzzle on a brand New York operation that is betting organized crime. And, of course, [Rose] betting while he had been a player.’
New Info May Scuttle Reinstatement
The reveal is probable to be a setback that is major Rose, who recently sent applications for reinstatement with brand new commissioner Rob Manfred.
However, Rose’s lawyer issued a statement saying that they would not discuss the new developments.
’that we would not comment on specific matters relating to reinstatement,’ the statement read since we submitted the application earlier this year, we committed to MLB. ’I need to maintain that. To be certain, I’m eager to sit down with Manfred to handle my entire history—the good therefore the bad—and my long journey that is personal baseball.’
Pete Rose played in the main leagues, primarily with the Reds, from 1963 to 1986, during which time he collected an all-time record of 4,256 hits.
But in 1991, the Baseball Hall of Fame voted to exclude anybody on the ineligible list from being considered for inclusion, that has kept Rose from being honored as you of baseball’s all-time greats.