WPT Stock is less than $1.00

When the World Poker Tour first started, CEO and President Steve Lipscomb knew they would not make money right away - first they had to get the name out, get people to fall in love with their format, and then the profits would come. He was right, but now the reverse is happening. It’s a publicly traded company, and the recent announcement that the WPT has lost money this year hit the investors hard, and the value of the WPT stock dropped more than twenty percent as confidence dropped. The stock has hit its lowest point, trading at 70 cents a share.