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Possible WPT Acquisition in the Works

The online casino gambling industry has been seeing a lot of new business taking place in regards to new acquisitions and mergers between the big guns in the industry. The internet gambling analysts have long predicted that convergence of the industry companies was bound to happen before 2010, and as the recession fears ebb and many business are fast on track to recovery from the recession related woes, the online casinos and internet gambling companies have been working at arranging new deals. There is a strong rumor in the market right now concerning Bwin and the World Poker Tour – basically, the WPT has confirmed that there are undisclosed companies interested in finances of the WPT brand and the industry gossips have linked Bwin to the rumors.

Bwin is a top online casino gambling group –the company has an extremely strong name in the betting and gambling industry and has earned the respect of fellow competitors and the internet gambling and betting population. The WPT is internationally recognized among land and online casino gambling enthusiasts as a premium event that invites all of the top regional talent to compete in the moving poker tournament competitions. Although the WPT is a strong brand, the company has only just managed to make it into the black this year –previous years the company has not quite made enough to cover expenses.

The fact that the WPT brand was able to generate positive income and revenue this year is likely a strong factor in the potential sale of the brand and product. Many of the top online casinos and internet gambling groups are only looking to acquire and buy strong brands right now, rather than the trend in off-years that has the major gambling groups praying on the smaller companies that have are struggling and folding them and their brands and products into the bigger name.