World Poker Tour Enterprises closes the deal to sell most of its assets to Peerless Media, a subordinate to Party Gaming. Party Gaming is the world’s leading online gaming company and one of their main sites includes Party Poker. Peerless Media will pay World Poker Tour Enterprises $12.3 million for the rights to the majority of the assets despite a late, much larger offer from Mandalay Media. Mandalay Media was a late bloomer in the deal and they offered WPTE a whopping $36.5 million (WHAT!?!) for the rights. WPTE decided that the Mandalay Media proposal was ‘not a Superior Proposal’.