Nearly three years after starting a strategic partnership agreement with WTPDeepStacks Poker Tour, the World Poker Tour announced recently that they’ve finally acquired the DeepStacks tour. The relationship between the two began in 2014, only two years after the DeepStacks Poker Tour was first launched, when Chris Torina, owner and CEO of the DeepStacks brand, was approached for a merger between the WTP and Deepstacks Tours. And thus far, their partnership has generated more than $10 million in tournament prizes.
According to an official press release from WTP, the acquisition will allow for larger and better poker events on the DeepStacks Tour that will include new areas previously unexplored by the tour, but also new fruitful partnerships. Commenting on the acquisition, WTP President Adam Pliska stated that the friendly and strategic overtaking was a move that reflects the company’s values. Deepstacks CEO Torina, on the other hand, showed more excitement and turned to Twitter to say to his followers that he was “proud” of the news, which were a proof that hard work and determination could make one’s dreams a reality.
The Deepstacks acquisition was supported by WTP’s parent company, OurGame, who helped WPT acquire Deepstacks in its entirety before the launch of Season 4, this January 12th. The fourth season will have a total of 13 events and WTP have already announced the addition of new stops this year, including the Maryland Live!, while the kick-off is scheduled to be hosted at the Seminole Hard Rock Hotel and Casino in Hollywood, Florida, where there will a guaranteed a $1 million in prize money. But while the US tour will be rebranded as WPT, its Canadian leg will still remain with its current name – the Deepstacks Poker Tour.