WPT Enterprises, Inc. and Poker Players Settle Lawsuit

[LadyLuck]

WPT Enterprises, Inc. (?WPTE?) and five professional poker players ? Chris Ferguson, Andrew Bloch, Annie Duke, Phil Gordon, and Howard Lederer ? announced that they have settled a lawsuit filed by the poker players in July, 2006. WPTE operates the World Poker Tour (?WPT?), a series of televised, high stakes poker tournaments that are run by various casinos located throughout the United States and in parts of Canada and Europe.

In their lawsuit, the poker players challenged WPT?s standard player?s release and contracts with casinos claiming that they violated federal and state antitrust laws. WPTE denied that its casino contracts, releases or other activities violated antitrust or other laws.

In settling their dispute, WPTE and the poker players agreed to implement a new standard form release that will be provided to all players at all WPT tournaments and events going forward.

WPTE continues to deny any liability or wrongdoing, but wants to settle its differences with the players so that the tour can focus on its continued growth rather than litigation. No monetary compensation was exchanged between the parties as a result of the settlement.

Steve Lipscomb, founder and CEO of WPTE, stated that: ?We are glad to put this dispute behind us, and we look forward to working with all players to grow the sport of poker.?

Poker player Chris Ferguson stated that: ?We are happy to have come to an agreement that is fair to all players, and to have put in place a new release that clears up ambiguities in how players? images may be used. We are especially happy that this new release will apply to all poker players who wish to participate in WPT tournaments and events. WPTE has created some of the best poker events in the world, and we are excited to participate in them once again.?

The poker players are represented by the law firm of Dewey & LeBouef LLP, and WPTE is represented by the law firm of Gibson, Dunn & Crutcher LLP. The two additional plaintiffs that brought this lawsuit no longer participate in the action.