This despite the fact that China strictly bans all forms of gambling.
In a statement, the WPT said that this partnership will "promote the sport of poker, by helping to create, expand and commercialize China’s first ever national poker competition."
The agreement is to run for five years.
We’re not sure if this is a good thing or a bad thing. On one hand, it’s a brilliant business move by the WPT as it may open the door to get their struggling online poker room some play in the heavily populated communist nation. On the other hand, do we really want 1.3 billion Chinese playing poker? Isn’t poker already flooded with enough good Asian players? In two years, we’re not going to know if we’re looking at the names of everyone at a final table or a menu at PF Chang’s.
Read more about the agreement here.