Rivalry in the World Poker Tour moves on to the next game and we do not yet know exactly which company can organize tournaments on behalf of WPT. A few weeks ago, Gamynia Limited made an offer of nine million dollars. But both parties failed to reach an agreement after lengthy negotiations. The shareholders of WTP are the main cause of this failure. The following offer from PartyGaming, which has three million extra in the pot.

All the elements were present for a good deal and it would have been perfect if another bidder had not launched its offer. The Mandalay Media Inc.., A media empire in Hollywood, submits a bid of more than 36 million dollars in WTP and thus supersedes all other bidders. The Mandalay Media Inc.. has already gained a foothold in Las Vegas and is perfectly familiar with the topic of games. On the other hand, they can pay 28.5 million of the total adhoc and invest the remainder in shares.

“We are Proposing a transaction that provides WPTE’s shareholders a significant premium over both WPTE’s current market price and the current value of the Peerless transaction. There is no doubt that our offer is a “Superior Proposal” as that term is defined under your asset purchase agreement with Peerless, “said Robert Ellin, Acting Director of Mandalay Media, in a press release.
The two other bidders can not or probably not want to overbid.

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