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Ex-Champ Bids $700 Million for Poker TV Show
An investor group headed by two-time World Series of
Poker champion Doyle "Texas Dolly" Brunson has made an unsolicited
$700-million bid for WPT Enterprises Inc., owner of the "World Poker
Tour" television show and online casino, WPT said Friday.
The offer for WPT "does not specify any terms"
beyond the price, said W. Todd Steele, chief financial officer of the
Los Angeles company. "We assume there are other investors but they are
not named."
WPT's board is just starting to evaluate the offer, which was received
Thursday, he said.
Brunson couldn't be reached for comment Friday because he was playing in
the World Series of Poker at the Rio hotel and casino in Las Vegas, a
rival circuit to the World Poker Tour. His representatives at the Las
Vegas law firm of Goodman & Chesnoff didn't return calls.
Although the 71-year-old poker patriarch is well regarded for his acumen
at the card table, Wall Street is wondering whether he has the financial
wherewithal to pull off an acquisition of WPT.
Read the
entire article at:
Los Angeles Times
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