World Poker Tour(R) Launches CLUBWPT(TM) and a Partnership with STATS LLC
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WPT Continues to Innovate the Poker Sport with Subscription Gaming
& the Industry's First Sports-Style Statistics Database
LOS ANGELES--(Business Wire)--As a category leader driving one of the world's fastest growing
sports and entertainment brands, WPT Enterprises, Inc. (NASDAQ:WPTE)
announced today the launch of CLUBWPT.com, an innovative
subscription-based online club and gaming platform targeted to the
estimated 60 million poker players in the United States who may
otherwise be restricted from online wagering. WPTE also announced a
partnership with STATS LLC to deliver the poker industry's first
database featuring sports-style breakdowns and analysis. CLUBWPT and
STATS are available now through www.worldpokertour.com, which has
debuted a new look and robust content offering for broader consumer
interaction.
"We are leveraging the World Poker Tour brand and
www.worldpokertour.com to create a user experience and poker community
in an online space that delivers in ways never done before," said Ken
Graiwer, vice president of WPT interactive. "Now, users can play
WPT-style, study the industry's only poker statistics database, view
streaming content and enhanced multimedia, access the latest
information and much more--all on one site."
Conducted under sweepstakes rules in the US, CLUBWPT offers a
monthly subscription package for $19.95 per month, as well as
discounted quarterly and annual options. In return, members receive
points to enter into over 4,000 live poker and elimination black jack
tournaments, sit-n-go's and ring games for a chance to win over
$100,000 in cash and prizes each month, which could include a $10,000
seat into a World Poker Tour(R) (WPT) main event. Other high-end
prizes include a flatscreen HD television, shopping sprees, cruises,
jewelry and more.
CLUBWPT subscribers will also receive other membership offerings
such as a subscription to All-In Magazine, the world's only magazine
dedicated to both poker and blackjack, as well as the Las Vegas
Advisor and over 150 coupons from 64 Las Vegas properties covering
everything from room rate bargains, free meals, 2-for-1 show tickets,
and other VIP treatment.
For more CLUBWPT information or to see if you are located in an
eligible state or country, visit www.CLUBWPT.com or
www.worldpokertour.com.
Taking another key step to further legitimize poker as a sport,
WPT partnered with STATS--the company that provides data collection
and analysis for 85 sports leagues, including Major League Baseball,
National Football League, and National Basketball Association--to
deliver the first ever in-depth analyses and strategic breakdowns for
the poker industry. STATS will compile data from every final table
hand played in every televised WPT tournament to detail each
individual player's style of play, situational analysis, breakdowns,
trends, and more, allowing poker fans and players to study intricacies
of the game in ways never available before.
"CLUBWPT and STATS are two very different offerings but are the
same in that they are both key to growing the WPT experience for
consumers," said WPTE President and CEO, Steve Lipscomb. "The
partnership with STATS is a strategic alliance in our dedication to
innovating and legitimizing poker as a sport, while CLUBWPT is the
perfect online gaming solution for fans of any skill level--no risk,
pure rewards. The STATS database coupled with CLUBWPT gives players
and fans the ultimate tools to study, play and enjoy the game."
About WPTE
WPT Enterprises, Inc. (Nasdaq:WPTE) is a company engaged in the
creation of internationally branded entertainment and consumer
products driven by the development, production, and marketing of
televised programming based on gaming themes. WPTE is the creator of
the World Poker Tour(R), a television show based on a series of
high-stakes poker tournaments that airs on the Travel Channel in the
United States and is scheduled to begin broadcasting on GSN in early
2008. WPT is licensed for broadcast globally. WPTE also offers a
real-money online gaming website, www.worldpokertour.com, which
prohibits wagers from players in the U.S. and other restricted
jurisdictions. WPTE currently licenses its brand to companies in the
business of poker equipment and instruction, apparel, publishing,
electronic and wireless entertainment, DVD/home entertainment, casino
games, and giftware. The company is also engaged in the sale of
corporate sponsorships. For show information, tools for improving
poker play, and other WPT news, fans may log on to
www.worldpokertour.com. WPT Enterprises, Inc. is a majority owned
subsidiary of Lakes Entertainment, Inc. (Nasdaq:LACO). Photos and
media information can be found online at:
www.worldpokertour.com/media.
About STATS LLC
With more than 25 years of experience in sophisticated sports data
collection, processing and distribution, STATS is the world's leading
sports information, content and statistical analysis company. STATS
offers a world-wide portfolio of sports information solutions
including the company's hallmark of real-time scores, historical
sports information and turnkey fantasy sports operation along with AP
editorial content, breaking sports news and photos. STATS' innovative
sports information solutions are utilized in numerous business
segments: professional teams; sports broadcast production, cable and
satellite networks; interactive television; broadband, wireless and
internet; game developers and fantasy sports providers; print media
and wire services. STATS is owned jointly by the Associated Press and
News Corporation, with corporate offices in London, Hong Kong, Tokyo,
Beijing, Bangalore, Mexico City, Chicago, New York and Los Angeles.
(www.stats.com)
WPTEG
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by WPT
Enterprises, Inc.) contains statements that are forward-looking, such
as statements relating to the expansion of WPTE's brand licensing, the
development of new television and film projects, the development of
WPTE corporate sponsors and other business development activities, as
well as statements regarding other capital spending, financing sources
and the effects of competition. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of WPTE. These risks and uncertainties
include, but are not limited to, WPTE's significant dependence on the
Travel Channel as a current source of revenue and GSN as a future
source of revenue, and the risk that GSN will not exercise its options
to air season of the WPT series beyond Season VI; difficulty of
predicting the growth of our online gaming business, which is a
relatively new industry with an increasing number of market entrants;
reliance on the efforts of CryptoLogic to develop and maintain the
online gaming website in compliance with WPTE's business model and
applicable gaming laws; the potential that our television programming
will fail to maintain a sufficient audience; the risk that competitors
with greater financial resources or marketplace presence might develop
television programming that would directly compete with WPTE's
television programming; the risk that WPTE may not be able to protect
its entertainment concepts, current and future brands and other
intellectual property rights; risks associated with future expansion
into new or complementary businesses; the termination or impairment of
WPTE's relationships with key licensing and strategic partners; and
WPTE's dependence on its senior management team. For more information,
review WPTE's filings with the Securities and Exchange Commission.
WPT Enterprises
Lyndsay LaGree, 323-330-9876
llagree@worldpokertour.com
Copyright Business Wire 2008
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