BUSINESS

WPT Enterprises strikes oil with energy move

TAGs: Ante4 Inc, Voyager Oil & Gas, WPT Enterprises

Well oil be damned

Well oil be damned

As the World Poker Tour strives to live up to its name in a highly competitive market by expanding its global horizons with new tournaments in London and Paris, it might actually be wondering why it bothered at all considering how well its former incarnation is faring. After selling up to PartyGaming back in November, WPT Enterprises became a paper company with $28 million in cash. It promptly changed its name to Ante4 Inc, merged with an energy company to form Voyager Oil & Gas and has seen its shares more than double from $1.40 to $3.20 a share. That’s what you call hitting a gusher. Read more.

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