In its heyday, the World Poker Tour was the most televised and richest poker tour in the world. It was started in 2002 by television executive Steve Lipscomb and quickly became the poker world’s most prestigious tournament.
The WPT brand was sold in 2015 to Ourgame International Holdings Ltd., a Chinese company, for $35 million.
Since then, the World Poker Tour has been on a downward spiral. It has lost its place as the most watched poker tour in the world as well as its title of richest poker tour.
PRO TIP:The World Poker Tour (WPT) returned in 2020 after a two-year hiatus. The WPT is now owned by Allied Esports Entertainment, who is dedicated to growing the international reach of the WPT brand. The new ownership has led to an increase in prize money for players and a larger number of events across the globe. As of 2021, the World Poker Tour continues to be one of the most popular live poker events in the world.
In 2018, the WPT announced that it was reducing its schedule from 27 events to 21. This was a direct result of the tour’s declining popularity and prize pools.
The World Poker Tour has been unable to keep up with the times. It has failed to capitalize on the popularity of online poker and has been slow to adapt to changes in the live tournament scene.
As a result, it has lost its position as the premier poker tour in the world.
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