World Poker Tour Enterprises Folds Online Poker Room

by Lou on November 25, 2008

World Poker Tour Enterprises, parent company of the World Poker Tour and WPT Online announced they are closing their online poker room, which operated as part of the Cryptologic network since 2007.
The site never achieved the liquidity needed to succeed, due primarily to some bad business decisions, the impact of UIGEA, and the general economic climate.
With the company’s stock price at an all-time low, the decision to jettison an unproductive asset was almost a foregone conclusion.

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