WPT/DCI Negotiations Update

Los Angeles, CA (Sept. 29, 2005) WPT Enterprises, Inc. (NASDAQ: WPTE) has confirmed that a cable television network has withdrawn a previous offer to acquire the broadcast rights to the Professional Poker Tour (”PPT”). WPTE is currently negotiating with The Travel Channel, LLC (Travel) to reach an agreement under which Travel would broadcast the PPT series.

As previously announced, WPTE is currently involved in a dispute with Travel and its parent company, Discovery Communications, Inc. (DCI). WPTE filed its complaint in
the legal action on September 19, 2005 in the California Superior Court in Los Angeles, and Travel and DCI have filed their answer and cross-complaint related to the legal
action and have filed a motion for judgment on the pleadings. Despite its dispute with Travel, WPTE remains committed to fulfilling its obligations to Travel in connection with
the World Poker Tour series, including producing and delivering to Travel the very best in televised poker programming.