Re: World Poker Tour Series VII Option Pickup Extension Amendment #3

Exhibit 10.1

As of May 23, 2008

Mr. Xxxx Xxxxxxx
Executive Vice President & General Counsel
GAME SHOW NETWORK
0000 Xxxxxxxx Xxxxxx
Xxxxx Xxxxxx, XX 00000

Re: World Poker Tour Series VII Option Pickup Extension
Amendment #3

Dear Xx. Xxxxxxx:

Pursuant to the request of our CEO & President, Xxxxx Xxxxxxxx, I am happy to amend our television license agreement dated April 2, 2007 to reflect a one-time extension of our option pickup date solely for Season VII of the World Poker Tour Series until June 7, 2008 (formerly May 24, 2008).

Except as otherwise herein expressly amended the Agreement is in all other aspects hereby ratified and confirmed. Please acknowledge your acceptance of the foregoing by signing in the space provided below.

Sincerely,

WPT ENTERPRISES, INC.

By: /s/ Xxxx Xxxxxx
Xxxx Xxxxxx
Title: General Counsel

ACCEPTED AND AGREED:

GAMESHOW NETWORK, L.L.C.

By: /s/ Xxxx Xxxxxxx
Its: Executive Vice President & General Counsel