Chinese firm buys WPT

Great news from the world of poker! The WPT as been acquired by a Chinese-based social gaming company for $35 million. The all-cash transaction was announced Sunday in which Ourgame International Holdings Ltd. will purchase the World Poker Tour from Gibraltar-based Bwin.Party Digital Entertainment. World Poker Tour is known for its internationally televised events and land-based tournaments.

Bwin.Party has owned World Poker Tour since 2009. Last year, Ourgame agreed to license World Poker Tour products and services on an exclusive basis in more than a dozen countries across Asia.