The World Poker Tour Enterprises have just announced that it will be selling almost all of its assets to Gamynia Limited for just over $9 million dollars. Gamynia is an investment company and has promised to continue all of the operations of the WPTE including continual television broadcasting of poker tournaments, sponsorship agreements, distribution and licensing units and also continue the expansion on to the online gaming market. Hardway Investments Ltd has been hired by Gamynia to manage the WPT brands and continue to ensure the venture remains profitable.

The deal is currently to be put before stockholders for approval, roughly 39% of the WPTE stock has already banded together as a group to vote in favour of the transaction with the company to use the cash of the sale to acquire non poker related businesses. There is currently no intention by WPTE to distribute any of the funds made from the sale to the company’s stock holders.