GGRAsia – World Poker Tour owner denies being tapped to sell

World Poker Tour owner denies being tapped to sell

Apr 12, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

Beijing-based Ourgame International Holdings Ltd, owner of the World Poker Tour (WPT), said on Tuesday that it has not been approached by any party with respect to a potential offer for the company. The clarification was issued in response to market speculation, the company said in a filing.

Ourgame is a Hong Kong-listed social gaming company with interests across Asia and a market capitalisation of approximately HKD2.27 billion (US$292.1 million). The company in 2015 acquired the WPT from Bwin.Party Digital Entertainment Plc, for a total consideration of US$35 million.

In Tuesday’s filing, Ourgame said: “The board clarifies that it has not been approached by any party with respect to a potential general offer for the company, it is not aware of the source of the speculation, nor has it held any discussions with any party with respect to a possible general offer for the company.”

Trading of Ourgame’s shares in the Hong Kong Stock Exchange resumed on Wednesday, after being suspended the day before at the request of the company.