What's going on
with the WPT
bid? Online
gambling players
listen up, this
is interesting.
Shares for
WPT Enterprises
Inc's fell today
after the $700
million bid from
famous US poker
champ Doyle
Brunson fell
apart. Now land
casino gamblers
and online
casino gamblers
alike are
wondering if the
whole thing was
just an
attention
grabbing hoax.
Late yesterday,
a spokesperson
for the gaming
company had a
conversation
with the poker
champ, who then
let it be known
that he would
provide no
further info
about the cloudy
deal.
The bid started
a 100% premium
hike in WPT's
closing price
last Thursday
when the market
valued the
company at about
$357 million.
The deal valued
the company's
shares to be
worth nearly
$36.50 a piece.
WTO says
it has tried
many times to
obtain details
for the bid with
the champ
declining any
further help.
At this time, it
is not clear if
financial issues
put a stop to
the offer or
what. Informed
business
analysts doubted
the sincerity of
the bid from the
beginning.
The main issue
at hand is that
the start of the
deal caused
stock in the
company to gain
incredibly. Was
it all smoke and
mirrors?
T
he
potential of
WPT's online
gambling
operations
started about 2
weeks ago has
drawn interest
in the company
as well.
We will continue
to follow this
most interesting
of events here
at Gambling PhD.
