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World Poker Tour and WagerWorks Finalize Agreement

WPT Enterprises, Inc. (Nasdaq:WPTE) and WagerWorks finalized its agreement today to develop a WORLD POKER TOUR(TM) (WPT) branded real-money gaming website. The two companies also announced that the site,, is expected to go live in the second quarter of this year. will prohibit bets from players in the U.S. and other jurisdictions where online gaming is prohibited.

"This is the next step in our global branding initiative," explained Lyle Berman, CEO of WPT Enterprises, Inc. "With the WORLD POKER TOUR(R) now airing in nearly 60 countries, the addition of an international online casinos gaming site provides a synergistic engine for growth. We believe the future of online gaming will be driven by strong brands, and the WORLD POKER TOUR is achieving the kind of worldwide recognition that will position us at the forefront of this burgeoning business sector."

The poker craze that ensued when the WORLD POKER TOUR revealed players’ hidden cards on television is now fueling the growth of online poker. According to market research firm Christiansen Capital Advisors, L.L.C. (CCA), the global online casinos gaming industry will reach the $10 billion mark in 2005, more than double total revenues in 2002. According to CCA, the European market alone is expected to experience triple-digit growth in online poker over the next two years. As consumer access to broadband continues to grow and technical demands are answered across the globe, will offer increasing numbers of consumers a best-in-class online casinos gaming experience.

Read the entire article at: Business Wire 

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