lottery Result
GGPoker Buys Worlandroid gamed Series of Poker for $500 Million
Share on Twitter Share on Facebook 3 min read
Table Of Contents
- Sale Comes After WSOP Boom
- Caesars Still Set to Be Heavily Involved
- NSUS says WSOP to "Expand Worldwide"
- What About WSOP Online?
Caesars Entertainment has today announced that they will be selling the iconic World Series of Poker Brand to NSUS Group Inc, a leading investment group and operator of leading online poker room GGPoker.
According to a press release, the deal is set to be worth $500 million—$250 million in cash and a $250 million promissory note "due five years after the transaction's closing date".
https://twitter.com/GGPoker/status/1819104194349224028
Sale Comes After WSOP Boom
The sale comes off the back of the largest WSOP Main Event in history and less than four months before the return of WSOP Paradise to the Bahamas.
The sale represents a huge step into the US market from NSUS Group Inc., but GGPoker's connection to the WSOP has been clear for all to see since they held the WSOP Online in 2020.
Four years ago, Ty Stewart, executive director of the WSOP, said he "couldn't be more excited" about deepening the relationship the WSOP had with GGPoker.
The relationship has now become a marriage, with NSUS Group Inc. purchasing the intellectual property rights for a nine-figure sum — dwarfing the approximately $50 million Harrah's paid back in 2004.
Caesars Still Set to Be Heavily Involved
While the release focuses on intellectual property rights, there were also signs that Caesars Entertainment will continue to be involved in running both the WSOP and the WSOP Circuit.
Not only will the WSOP's flagship live tournament series continue to be held at Caesars' Las Vegas casinos for the next twenty years, but Caesars properties can continue to feature WSOP branding.
With the WSOP Circuit having gotten underway in Choctaw, US circuit regulars will be pleased to know that Caesars destinations will still receive "preferential rights" to host live WSOP Circuit events.
"We can’t wait to see what NSUS has in store for growing the WSOP’s legacy in poker"
Eric Hession, President of Caesars Digital, said that the transaction is an exciting step for Caesars as a company and the WSOP brand as it continues to evolve.
"We’ve enjoyed a longstanding and successful partnership with GGPoker that has helped spur the growth of the WSOP brand," said Hession.
"We can’t wait to see what NSUS has in store for growing the WSOP’s legacy in poker, and we look forward to continuing to deliver an unmatched and familiar experience to poker players going forward."
NSUS says WSOP to "Expand Worldwide"
As part of the announcement, Michael Kim, CEO of NSUS Group Inc., said that after collaborating with Caesars Entertainment for years, NSUS Group Inc. was thrilled to announce its new role.
"We will leverage GGPoker’s cutting-edge technology and industry expertise to create an exciting future for WSOP, ensuring players have an increasingly improved, safe, and seamless poker experience.
"Under the new leadership, NSUS intends to expand WSOP worldwide, positioning it at the forefront of poker’s growth."
The World Series of Poker already has a long history of international expansion, starting first with the introduction of WSOP Europe in 2007 and the WSOP APAC in 2013 and 2014.
Most recently, the Bahamas hosted WSOP Paradise for the first time in 2023. Less than a month ago, the WSOP announced that the festival will return to the Caribbean in December this year.
What About WSOP Online?
The World Series of Poker operates real-money online poker in Nevada, New Jersey, Michigan and Pennsylvania. According to the release, Caesars Digital will receive a license from NSUS to continue operating in these states.
However, it also states that they will be restricted from poker operations "for the foreseeable future", presumably due to the sale.
This sale is subject to customary regulatory approvals and other closing conditions and is expected to close prior to the end of 2024.
CATEGORIES
LATEST NEWS
- All 51 Bonus is a popular variation of the classic card game Rummy, adding an extra level of excitement and strategy to the game. 25-04-05
- Three or more cards of the same rank make up a set, and three or more consecutive cards of the same suit make up a run. Gameplay Overview. Each player receives a hand of cards at the start of the game, and the draw pile is formed by the remaining cards being arranged face down in the middle of the table. Players may choose to draw a card from the draw pile or take the top card out of the discard pile during their turn. 25-04-05
- Master Yono Rummy has become more & more well-liked as a competitive sport as well as a casual game. Players from all over the world congregate for tournaments and events, which are regularly held. They compete for prestigious titles and prizes and display their skills. 25-04-05
- One card is dealt face-up to begin the discard pile, and the remaining cards form a draw pile. Each turn, players draw a card from the draw pile or the discard pile & discard one card. Making appropriate card formations, such as sets (three or four cards of the same rank) or sequences (three or more consecutive cards of the same suit), is the aim of the game. When a player successfully arranges every card in their deck into a combination that is allowed, the game is over & they discard their last card. 25-04-05
- Deck Standard 52-card deck 25-04-05
- A standard 52-card deck is used to play the card game known as Master Yono Rummy. In this twist on the classic card game of rummy, players must arrange their cards into sets and sequences. Usually played between two and six people, the object of the game is to arrange all of your cards into combinations that make sense first. At the start of a game of Master Yono Rummy, each player is dealt a predetermined number of cards, typically 13. 25-04-05
- Master Yono Rummy has become more & more well-liked as a competitive sport as well as a casual game. Players from all over the world congregate for tournaments and events, which are regularly held. They compete for prestigious titles and prizes and display their skills. 25-04-05
- Three or more cards of the same rank make up a set, and three or more consecutive cards of the same suit make up a run. Gameplay Overview. Each player receives a hand of cards at the start of the game, and the draw pile is formed by the remaining cards being arranged face down in the middle of the table. Players may choose to draw a card from the draw pile or take the top card out of the discard pile during their turn. 25-04-05
- Size Varies with device 25-04-05
- Master Yono Rummy combines chance, skill, and strategy. Based on their current hand & possible combinations, players must choose which cards to keep, discard, or draw. As part of the game, players must also watch their opponents' movements to determine their tactics and modify their own playstyle. Even though the name of the game points to a specific designer, this particular rummy variation is not associated with any well-known person named Master Yono.. The name and origins of the game are unclear, & it might be a regional or localized take on the traditional game of rummy. Recognizing Sets and Runs. 25-04-05
CONTACT US
Contact: s
Phone: 020-123456789
Tel: 020-123456789
Email: [email protected]
Add: 联系地址联系地址联系地址