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WPT consists of 17 high stakes poker tournaments filmed at glamorous locations throughout the world, including Bellagio in Las Vegas, Foxwoods Resort Casino in Mashantucket, CT, Aviation Club de France in Paris and the Borgata in Atlantic City.
The proxy statement will contain important information about the Company, Peerless Media and the guarantor of Peerless Media's obligations, ElectraWorks Ltd., and related matters.Closing Conditions and Stockholder Approval, the asset purchase transaction is subject to jackpot quoten specified closing conditions.Wpte does not currently intend to distribute any proceeds from the asset sale to its stockholders.Each year the Tour culminates in the WPT World Championship in Las Vegas at Bellagio in April, drawing the leading pros and accomplished amateurs from around the world for an 8-12 million prize pool.Peerless Media has agreed to purchase substantially all of wpte's operating assets other than cash, investments and certain excluded assets.The Company's wahrscheinlichkeitsrechnung kartenspiel 52 karten obligation to complete the asset sale is subject to the approval by the Company's stockholders of the asset sale transaction and other customary closing conditions.The obligation of Peerless Media to complete the transaction is subject to the absence of changes or circumstances that are materially adverse to the Company's financial condition, assets, business or results of operations and other customary closing conditions.Investors and security holders are urged to read the proxy statement carefully when it is available.The Company plans to file with the.S.The Company and Peerless Media currently expect to complete the transaction in the fourth quarter of 2009.Access Denied your access has been blocked due to possible malicious activity originating from your IP address.Certain payments made by PartyGaming or its affiliates to the Company prior to the close shall be credited on a dollar for dollar basis against the purchase price paid at the close, as more fully described in Section.6 of the purchase agreement.Peerless Media will pay wpte.3 million and will pay wpte an ongoing 5 participation in gaming and other revenues generated by the assets.The transaction must be approved by a majority of the holders of the Company's outstanding common stock.Fax:, website: m, the World Poker Tour (WPT) can be seen in more than 116 countries and territories throughout the world.Wpte will retain its cash and cash equivalents, investments in debt securities and put rights, certain other investment and litigation assets, and future license revenues from certain existing Sponsorship deals bing rewards bot 2017 for Season Seven of the.The net cash proceeds from the asset sale will be retained by wpte which plans to use the cash to develop or acquire a non-poker related business.
Securities and Exchange Commission SEC and mail a proxy statement to its stockholders in connection with the asset sale transaction and the asset purchase agreement.
In addition, the Company's investors and security holders will be able to obtain free copies of the proxy statement by contacting WPT Enterprises, Inc., Attn.: Investor Relations, 5700 Wilshire Blvd., Suite 350, Los Angeles, CA 90036 or by calling.
Certain significant Company stockholders, representing approximately 39 of the Company's common stock, have entered into voting agreements committing to vote in favor of the asset sale transaction to Peerless Media.