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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, WPTonline.com, is expected to go live in the second quarter of
this year. WPTonline.com 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, WPTonline.com will offer increasing numbers of
consumers a best-in-class online casinos gaming experience.
entire article at:
2004 Online Casino News Archive