October 30, 2009

Mandalay Media Increases Proposal to Acquire World Poker Tour

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We didn't even know this was going on, but have wondered where the WPT has gone in our lives. It seems like it used to be on TV all the time, but now we are either not Tivoing or it's off the air (going to check now). Good luck WPT, but given the brand has withered a bit - this seems like a good offer.

Mandalay Media, Inc. (OTCBB:MNDL) today announced that it has increased its
proposal to the Board of Directors of WPT Enterprises, Inc. (NASDAQ:WPTE). The
revised proposal is to acquire WPT for $36.5 million, consisting of $28.5
million in cash, $5 million in Mandalay Media stock and perpetual revenue
participation rights, guaranteed to be at least $3 million. The estimated value
to shareholders per share is $1.77, including the guaranteed portion of the
revenue participation rights, and as adjusted for the actual share count at
closing. The proposal represents a premium of approximately 61% over the closing
price of WPT`s common stock on October 26, 2009 and a premium of approximately
28% over the implied value at closing of WPT`s pending asset sale with Peerless
Media Ltd.

At Mandalay Media Increases Proposal to Acquire World Poker Tour to $36.5 million, $1.77 Per Share

Jay Brewer Permalink | social bookmarking

October 23, 2009

Full Tilt Poker Releases New Software - Run It Twice

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Online poker room Full Tilt has released two new features in its latest software update - Run It Twice and Cashout Tournaments.

The Run It Twice feature allows ring game players the option of seeing two outcomes for one hand, providing both players consent to it. The feature can be enabled when one or both of the remaining two players are all in: the remaining community cards are dealt twice, meaning the winner of each of the two outcomes wins half of the prize pool.

Via Onlinecasinoreports.com

Jay Brewer Permalink | social bookmarking

October 16, 2009

Mike Sexton Elected to Poker Hall of Fame

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A special congrats goes out to Mike Sexton for making it into the Hall of Fame. For me - he was my first VOICE of poker and has recently been doing really well on the tournament circuit. It's always tough to pick who gets into any hall of fame - but in our minds he deserves it for all the contributions he's made to the game.

Long recognized as one of the good guys of poker, World Series of Poker bracelet winner and World Poker Tour announcer Mike Sexton received a big salute from some of his peers today.

Harrah's and the WSOP announced that Sexton has been elected to the Poker Hall of the Fame. He's only player of the nine finalists -- which included Grand Rapids native and 1983 WSOP main event champion Tom McEvoy -- who will be inducted this year.

Via MLive.com

Jay Brewer Permalink | social bookmarking

October 9, 2009

Poker Playing Priest Gambles for Fun and Money

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My hat is off to you sir. It's nice to see the someone in the cloth loosening up a bit to play some cards.

Here's a new-to-me twist -- a card-playing priest, rosary handy, stars in the lead-off of a TV poker competition this weekend.

Father Andrew Trapp, an assistant pastor at St. Michael Catholic Church in Garden City Beach, S,C, has won $25,000 -- so far as the PokerStars publicists will say -- and the right to keep on playing in the show's Million Dollar Challenge, which begins airing on FOX on Sunday.

At Poker-playing priest gambles for fun, funds - Faith & Reason

Jay Brewer Permalink | social bookmarking

October 2, 2009

Bicycle Guardians Playing Cards - Best Poker Cards

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Looking for the classic poker playing cards? How about Bicycle? Bicycle delivers classic playing cards and memorable experiences that players can trust based on its longstanding tradition of producing quality, fun and family-friendly products that bring people together. Shuffle up and deal!

At Bicycle Guardians Playing Cards

Jay Brewer Permalink | social bookmarking
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