American betting firm Bally's has announced that they've submitted a proposal to purchase Club Services, Inc., which is the parent company of the World Poker Tour brand.
The deal would be for $90 million in cash and would see the popular poker brand coming into the Bally's fold. Without a doubt, the company has the goal of bringing WPT events to their properties, which are broadcast through various television stations around the globe.
The bid being submitted by Bally's is considered to be a superior proposal and is being looked at by the company's board of directors. The board has until 5pm tomorrow to give an update on the offer or else it will no longer be considered a Superior Propsal.
The World Poker Tour was founded in 2002 and holds events throughout the globe and has major media partners with Fox Sports and BT Sport.
We're following this story and will be updating readers as we learn more.