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.
Jul 28, 2021Macau casino operator SJM Holdings Ltd is “striving” to have a partial opening of its HKD39-billion (US$5-billion) Grand Lisboa Palace casino resort (pictured) on Friday, July 30, said on...
Jul 28, 2021
”I wouldn’t be surprised if the [Macau casino] licences get extended for a year or even two years”
Lawrence Ho Yau Lung
Chairman and chief executive of international casino operator Melco Resorts