They agree to cancel their lawsuits against each other and go make more money.
WPT ENTERPRISES, INC. AND THE TRAVEL CHANNEL REACH AGREEMENT ON
PROFESSIONAL POKER TOUR™ --
A NEW SERIES SHOWCASING POKER’S ALL-STARS
-- Wednesday Night is “Premiere” Poker Night on the Travel Channel With 44 Weeks of New World Poker Tour and Professional Poker Tour Broadcasts --
Los Angeles CA (January 30, 2006) -- WPT Enterprises, Inc. (NASDAQ:WPTE) and the Travel Channel entered into an agreement to air WPTE’s highly anticipated PROFESSIONAL POKER TOUR™ (PPT) television series. The PPT features a series of invitation-only tournaments that are limited to the highest-ranked players in the world. The PPT is expected to begin airing in the 3rd quarter of 2006 on Wednesday nights from 9-11 PM ET/PT, following the completion of Season Four of the WORLD POKER TOUR®.
After finalizing the deal, both organizations issued the following statement: “WPT Enterprises and The Travel Channel are pleased to announce that they have resolved their differences amicably and terminated the litigation between them. Both parties look forward to continuing their mutually prosperous relationship.”
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