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WPT hires new financial advisor

2006-02-10 13:20:00

World Poker Tour Enterprises (WPTE) has hired a new financial advisor firm, which will help investigate sale or merger options for the organisation.

As of today, Thomas Weisel Partners LLC will be handling all financial advice for the corporation and assist it in exploring strategic opportunities for growth.

Steve Lipscomb, WPTE CEO, said that since its conception in 2002 the WPT had firmly planted itself as the premiere televised poker series in the US and abroad.

He added that the company was leveraging the WPT brand through the WPTonline.com website to take full advantage of the growing market for online poker.

Mr Lipscomb stated: "We believe that in order to fully take advantage of the brand we have created in online gaming we need to seek opportunities to increase our scale and reach.

"Accordingly, we have hired an advisor to assist us in exploring strategic alternatives with the goal of increasing our presence in online gaming and maximising shareholder value."

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