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Cashing out: the L.A. operator of the World Poker Tour said that it is selling most of its assets to private equity group Gamyni


CASHING OUT: The L.A. operator of the World Poker Tour said that it is selling most of its assets to private equity group Gamynia Ltd., which will move the company into online gaming. WPT Enterprises Inc. will receive $9 million from the sale, plus a portion of future earnings. WPT said it plans to use the $9 million to develop or acquire a nonpoker-related business.

COPYRIGHT 2009 CBJ, L.P. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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