some of the rules normally required by pool's governing bodies, in particular the policy that all prize money be held in escrow. Despite this, both the Women's Professional Billiards Association and the U.S. Professional Pool Players Association allowed their players to join the IPT. Tournaments Demise In September 2006, just prior to the IPT World Open Eight-ball Championship in Reno, Nevada, Kevin Trudeau announced that the IPT had entered into an agreement to be acquired by Ho Interactive, a new company started by casino owner billionaire Stanley Ho, a deal which failed. Two new sponsors were also announced offsetting the bad news that the IPT championship scheduled for October 2006 in London, England, had been cancelled and subsequently Trudeau announcing the IPT Tour was being sold due to lack of funding. References Pool organizations Pool leagues Pool tours and series Cue sports event promotion companies Companies established in 2005 Companies based in DuPage County, Illinois