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The PKR.com website has been updated. Players and affiliates alike are delighted with the updates thus far.

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PartyGaming's PartyCasino.com, PartyPoker.com continues momentum in Australia, Asia Pacific

Crown Casino advised to beef up security for upcoming Poker Cup, following incident

Live Dealer function at PartyCasino.com received well

PKR reassures affiliates over funds after log in problems

Titan Poker offers huge bonuses and satellites to Poker Cup Australia

PartyGaming's PartyPoker and Noble Poker offers satellites to Poker Cup Australia

Virgin Casino releases Rainbow Riches new slot game

William Hill Online releases COO from employment contract

FremantleMedia pushes forward with branded theme games, confirms Jim Ryan's comments

Gambling911.com monitoring casino affiliate program offerings

EGaming Review acts on Media Man's PKR.com news item

888.com most visible UK igaming brand says EGR Magazine

LadyLuck's to release fantastic mobile gaming, mobile casino product suite

American gaming, online poker debate continues... Delaware sports betting progress

Play4Property.com makes international news, pitches to Australia's papers and NRL team

Microgaming company remains strong, despite some casinos going under, Captain Cooks Casino a favorite of Aussies

Scratchcards to follow popularity of online bingo

Australian gambling... some land based casino, pub and club pokies unfair, says Greens

Hollywood themed online slot games remain favorites

Cleopatra still world's # online slot game, to be available via Apple

Egyptian themed slots popular with Aussies - Cleo, Tomb Raider, King Tuts Fortune

The Expendables boosts popularity of Stallone's Rambo slot, Arnie's The Terminator

James Packer remains positive on Macau's City of Dreams, despite balance sheet

Dubai, The World regions big on land based casino, open to igaming developments

Gold Mega Jackpot yet to be broken, PartyCasino.com pot approaches 4 million

World Poker Tour - PartyGaming business deal draws more players, spikes web traffic

Sports betting - Australian online sports betting war heats up

UFC open to building upon sports betting, igaming ventures

Calvin Ayre, Bodog King, remains keen on South American gaming and coffee connection

WWE wrestling legend online slot game rumors persist, Andre The Giant - NextGen Gaming, Hulk Hogan, Piper, Snuka, Roberts next?

Global Gaming Directory already being compared to World Casino Directory, industry buzz

Classic Slots Online, Classic Casino Games takes off in Asia Pacific region

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Casino Attacks Continue in Australia - Gambling911

Unfortunately more serious casino news out of Australia.

News Limited and wires report the latest in a string of attacks and bashings in and around Australia's land based casinos and gambling dens.

FORMER AFL star Jonathan Hay was attacked and kicked in the face in an apparently random attack at Crown casino.

Hay was celebrating his 30th birthday with friends when a gang of seven thugs forced him to the ground just after 2am Sunday.

The former All-Australian fullback suffered bruising and a cut to the head in the latest episode of mindless CBD violence.

It would appear on the surface that online casinos, online casino portals and the like, are gaining another advantage from their land based cousins by default. Of course online casino don't have actual muggers, however one still needs to watch out for online casino stings and low acts, like they type that were documented on the United States version of 60 Minutes last year.

I would like to see Crown Casino offer an online casino portfolio, perhaps showcased by a Kerry Packer themed game. PartyGaming of course has a Frank Sinatra and The Godfather slot, so why not a Packer game?

PartyGaming's PartyPoker, Noble Poker, and Euro Partners Titan Poker, and a few other brands, are offering satellites to the Poker Cup at Crown Casino later this year beginning in September. Let's just hope the live events are incident free. Insiders are looking to confirm if Mike Sexton, Chris Moneymaker, Daniel "Kid Poker" Negreanu, Annie Duke, Phil Hellmuth, and Tony G are likely to attend. Those individuals may or may not add to aggressive play et al on location. Folks are extremely interested to see if poker Doyle Brunson will turn up, as Mr Brunson has been in a war of words with some of the folks at Party over the past few years, and the word on the street is that Party is interested to talk serious shop with the powers that be at Crown (and Star City). It's got all the makings of a real life battle royal, and a serious mix of personalities. You can bet that Crown's James Packer will have security at an all time high, comparative to when Tom Cruise and Katie Holmes stayed at Crown a few months ago.

It's in Crown's best interest to beef up security to protect its customers, visitors and reputation.

Greg Tingle, Special Contributor to Gambling911.com (be sure to check Greg's commentary out regularly at Media Man Australia Here) (Credit: Gambling911)

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World Poker Tour to sell after 'superior offer' from PartyGaming - BizJournals - 25th August 2009

World Poker Tour - WPT Enterprises Inc is to be purchased by igaming and gaming powerhouse, PartyGaming. The story has attracted significant national and international media and gaming media interest. BizJournals report:

WPT Enterprises Inc., parent company of the World Poker Tour, is moving forward with a deal to sell its assets, but, will instead sell to Peerless Media Ltd., a division of PartyGaming plc.

Peerless Media will pay Long Angeles-based WPTE $12.3 million and will pay WPTE an ongoing 5 percent participation in gaming and other revenue generated by the assets, which include WPTE's television library, intellectual property rights, brand names, trade names, certain assumed contracts and tangible personal property.

WPTE will retain its cash and cash equivalents, investments in debt securities and put rights, certain other investment and litigation assets, and future license revenues from certain existing sponsorship deals for season seven of the World Poker Tour.

The World Poker Tour will have its first televised tournament from the Dayton/Cincinnati region next spring when it has a $10,000 buy-in tournament from Hollywood Casino in just across the state line in Lawrenceburg, Ind.

The acquisition deal, announced Tuesday, kills off a previously announced bid of $9.075 million from Gamynia Ltd.

"The Board of Directors has determined that PartyGaming's acquisition proposal is financially superior and we look forward to working with one of the pioneers and leaders in the poker and online gaming markets to provide a strong vehicle for the WPT brand to continue its global expansion and return to online gaming," Steve Lipscomb, president and chief executive officer of WPTE, said in a statement.

Both the PartyGaming and Gamynia bids are far cries from Doyle Brunson's $700 million bid for the company in 2005. Brunson's bid was eventually investigated by the U.S. Securities and Exchange Commission. (Credit: BizJournals)

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PARTYGAMING MOVES FOR WORLD POKER TOUR ASSETS WITH SUPERIOR OFFER

Los Angeles, CA, August 24, 2009 — 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.

“PartyGaming has been an important partner for a number of years and we are confident that they will be an excellent manager of our brands in the future,” said Steve Lipscomb, President and CEO of WPT Enterprises. “The Board of Directors has determined that PartyGaming’s acquisition proposal is financially superior and we look forward to working with one of the pioneers and leaders in the poker and online gaming markets to provide a strong vehicle for the WPT brand to continue its global expansion and return to online gaming.”

Peerless Media will pay WPTE $12.3 million and will pay WPTE an ongoing 5% participation in gaming and other revenues generated by the assets. Certain payments made by PartyGaming or its affiliates to the Company prior to the close shall be credited on a dollar for dollar basis against the purchase price paid at the close, as more fully described in Section 2.6 of the purchase agreement.

Under the asset purchase agreement, WPTE will sell its television library, including all related intellectual property rights, brand names, trade names, certain assumed contracts and tangible personal property. WPTE will retain its cash and cash equivalents, investments in debt securities and put rights, certain other investment and litigation assets, and future license revenues from certain existing Sponsorship deals for Season Seven of the World Poker Tour.

The net cash proceeds from the asset sale will be retained by WPTE which plans to use the cash to develop or acquire a non-poker related business. WPTE does not currently intend to distribute any proceeds from the asset sale to its stockholders.

Closing Conditions and Stockholder Approval
The asset purchase transaction is subject to specified closing conditions. The obligation of Peerless Media to complete the transaction is subject to the absence of changes or circumstances that are materially adverse to the Company’s financial condition, assets, business or results of operations and other customary closing conditions. The Company’s obligation to complete the asset sale is subject to the approval by the Company’s stockholders of the asset sale transaction and other customary closing conditions. The Company and Peerless Media currently expect to complete the transaction in the fourth quarter of 2009.

The transaction must be approved by a majority of the holders of the Company’s outstanding common stock. To that end, and as described further below, the Company expects to hold a special meeting of stockholders and in connection therewith to mail a proxy statement to its stockholders that will provide additional information concerning the asset sale transaction and the asset purchase agreement. Certain significant Company stockholders, representing approximately 39% of the Company’s common stock, have entered into voting agreements committing to vote in favor of the asset sale transaction to Peerless Media.

Important Additional Information about the Asset Sale will be filed with the SEC
The Company plans to file with the U.S. Securities and Exchange Commission (“SEC”) and mail a proxy statement to its stockholders in connection with the asset sale transaction and the asset purchase agreement. The proxy statement will contain important information about the Company, Peerless Media and the guarantor of Peerless Media’s obligations, ElectraWorks Ltd., and related matters. Investors and security holders are urged to read the proxy statement carefully when it is available.

The Company’s investors and security holders will be able to obtain free copies of the proxy statement and other documents filed by the Company with the SEC through the website maintained by the SEC at www.sec.gov. In addition, the Company’s investors and security holders will be able to obtain free copies of the proxy statement by contacting WPT Enterprises, Inc., Attn.: Investor Relations, 5700 Wilshire Blvd., Suite 350, Los Angeles, CA 90036 or by calling 323-330-9900.

The Company and its directors and executive officers, may be deemed to be participants in the solicitation of proxies with respect to the asset sale transaction and the asset purchase agreement. Information regarding the Company’s directors and executive officers is contained in the Company’s Annual Report on Form 10-K for the year ended December 28, 2008 and its Proxy Statement dated March 31, 2009, which were filed with the SEC.

About WPT Enterprises, Inc.
WPT Enterprises, Inc. is one of the most recognized names in internationally televised gaming and entertainment with brand presence in land-based tournaments, television, online and mobile. WPTE has led innovation in the sport of poker since 2002, when it ignited the global poker boom with the creation of the World Poker Tour television show. Based on a series of high stakes poker tournaments, the World Poker Tour is now broadcast globally and is currently filming its all-new eighth season for broadcast on Fox Sports Net’s national sports network in the United States. WPTE also offers a unique online subscription and sweepstakes-based poker club, ClubWPT.com, which operates in 38 states across the U.S. WPTE also participates in strategic brand license, partnership and sponsorship opportunities. For more information, see www.worldpokertour.com. (WPTEG)

PartyGaming Purchases WPT Enterprises for $12.3 Million, by Dan Cypra - Poker News Daily - 24th August 2009

The long-awaited second bidder in the sale of World Poker Tour Enterprises (WPTE) has finally been revealed. Peerless Media Limited, a subsidiary of Party Gaming, will purchase the rights to the popular poker tour for $12.3 million plus 5% of future gaming revenues.

PartyPoker, the online poker arm of PartyGaming, does not accept customers from the United States. In a form filed to the Securities and Exchange Commission (SEC) after trading had closed on Monday in New York City, WPTE officials explained, “Buyer will pay the Company $12.3 million less the amount of certain obligations of PartyGaming or its affiliates accruing or paid to the Company from July 10, 2009 through the close of the Transaction… $1 million of such amount shall be paid by Buyer to the Company upon the execution of the Purchase Agreement and the balance shall be paid to the Company at the Close.”

The $1 million cash advance will be used to back out of a prior purchase agreement with Gamynia Limited, which is associated with Playtech, the parent company of the iPoker Network. Earlier this month, WPTE entered into an agreement to sell the majority of its assets to Gamynia for $9.075 million plus 4% of future gaming revenues. The new agreement not only increases the sale price by more than $3.2 million, but it also affords WPTE an additional 1% of future gaming revenues.

Addressing the new buyer, WPTE Founder, President, and CEO Steve Lipscomb commented in a press release distributed late Monday afternoon, “The Board of Directors has determined that PartyGaming’s acquisition proposal is financially superior and we look forward to working with one of the pioneers and leaders in the poker and online gaming markets to provide a strong vehicle for the WPT brand to continue its global expansion and return to online gaming.” WPTE stock, which is traded on the NASDAQ under the same four-letter acronym, closed at $1.05, down $0.01 on Monday. Upon hearing that a second buyer was waiting in the wings, the stock shot up from $0.93 to $1.09 last week.

In a similar arrangement as the Gamynia sale, WPTE will hand over its television library, intellectual property rights, and brand names, which include the WPT and Professional Poker Tour (PPT). The company will retain its cash on-hand and pocket “future license revenues from certain existing Sponsorship deals for Season Seven of the World Poker Tour.” WPTE will not distribute any of the proceeds of the sale to its stockholders; the Los Angeles-based company will use the proceeds as seed money in a business venture outside of poker. WPTE officials could not comment on any future proceedings, citing SEC regulations.

WPTE shareholders must now approve the sale. The company’s SEC filing notes that investors holding 39% of the company’s stock have agreed to vote in favor of the transaction. A stockholders’ meeting will be coordinated in order to vote on the proposal.

According to the filed document, “The Purchase Agreement may be terminated by either Buyer or the Company if the Closing has not occurred by February 24, 2010.” If WPTE officials were to accept an alternative proposal from another buyer, the company would be subject to a $1 million termination fee and, in some cases, a $1 million reimbursement for PartyGaming’s up-front payment.

PartyPoker boasts WPT Host Mike Sexton as its ambassador after the two parties reached an agreement in late April. Sexton is a 2009 Poker Hall of Fame candidate and is currently on-site for the WPT’s Legends of Poker, which wraps up on Wednesday from the Bicycle Casino in Southern California. Attendance at this year’s event was off 25% from last year. The tournament will air as part of Season VIII of the WPT on Fox Sports Net.

Stay tuned to Poker News Daily for the latest WPT sale news. (Credit: Poker News Daily)

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PartyGaming Plc - Agreement to acquire the World Poker Tour

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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