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The WPT, also known as World Poker Tour, is sponsored by WPT Enterprises, Inc., which is traded publicly on the NASDAQ (WPTE). WPTE is an entertainment and media corporation that engages in developing, producing, and marketing gaming-themed productions that encompasses the WPT, the WPT Amateur Poker League (WPTAPL), the WPT Ladies League, the WPT Boot Camp, WPT Mobile, the WPT Cruises, and other WPT corporate events.
The event that WPTE is most known for is, obviously, the WPT, which was conceived by Steve Lipscomb back in 2001. Lipscomb wanted to televise poker in a more exciting and marketing-friendly way, injecting fun and action into it for the sake of the viewing audience, as well as for the poker players, themselves. He noticed that in televised tournaments, such as the WSOP, the drama and liveliness of a true live poker tournament was not being accurately captured. His idea was to use 16 cameras, now referred to as the “World Poker Tour Cams,” to give viewers a better representation of the live tournament experience, providing insight into the strategy and position of players.
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