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WPT Enterprises to re-launch online poker site with software from CyberArts in 2007

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CyberArts is the designer of the software that currently powers the poker room for Mansion.com. “We are very excited about the prospect of providing the product that can take the World Poker Tour\’s online poker offering to the next level. We believe our Foundation Software, coupled with WPT\’s innovation and commitment to the poker player will create an unmatched gaming site,” said Chris Derossi, co-founder and CEO of CyberArts.

The CyberArts deal will enable WPTE to develop, manage, market and handle customer service for the online poker business from its own international headquarters. During the transition period from WagerWorks to its own software, WPTE will continue to work with WagerWorks and explore possibilities for future collaboration.

“This relationship will make it possible for us get to market faster with a superior product,” said Steve Lipscomb, founder and CEO of WPTE. “Now, like most companies that have been successful in the online gaming space, we will be able to build a unique offering and control our own destiny. We have been searching for a powerful alternative to our current technology for some time and are convinced that this is the perfect solution.”

“This deal will finally allow us the opportunity to innovate the online gaming experience and deliver a product worthy of the World Poker Tour brand,” added Lipscomb.