Doyle to Buy WPT Stock at Twice Est Value

Doyle brunson has rocked the poker community putting a bid in to buy all, yes 100% of the stock relating to the World Poker Tour. With the current value estimated at around $400 Million, Doyle went a step further and offered an unprecidented $800 Million to retailn full ownership!

WPT Enterprises Inc. was founded in March of 2002. Based out of California, many poker fans consider WPT largely responsible for the game’s rise to prominence, as they were the innovators in bringing televised professional poker to market. They also are responsible for the implementation of the revolutionary “WPT Camera” which shows audiences each player’s hole cards. WPT went public in August of 2004; their initial stock value was $8, and the previous high water mark for stock value had been $24.40, however after the news of Brunson’s bid, stock values soared.

However he will have to get past Lakes Entertainment Inc who currently own over 60% of the stock and CEO and co-founder Steven Lipscomp who owns 7%. Steven Lipscomp has said that the board would be getting together to discuss the offer.