Deal Finalized: GGPoker Purchases World Series of Poker for a Significant Sum

Deal Finalized: GGPoker Purchases World Series of Poker for a Significant Sum

WSOP Brand Acquired by GGPoker for $500 Million

In a significant move for the poker industry, Caesars Entertainment has agreed to sell the World Series of Poker (WSOP) brand to NSUS Group Inc., the parent company of GGPoker, for a total of $500 million.

The financial terms of the deal include an upfront payment of $250 million, with the remaining $250 million due five years after the closing date, with repayment expected to be complete by 2029 [1][2][3].

Despite the sale, Caesars will continue to host the flagship WSOP live tournament at its Las Vegas properties for the next 20 years. The company will also be allowed to operate the WSOP Circuit events on its properties under the WSOP branding [1][2].

Additionally, Caesars will retain the right to operate the wsop.com online poker room in certain U.S. states, while GGPoker will continue to operate internationally. This deal ensures the continuity of the live WSOP events in Las Vegas and preserves the brand in its traditional venues.

GGPoker, an innovative online poker platform, is known for features like "Smart HUD" for player statistics, "PokerCraft" for gameplay tracking, and interactive options like "emotes". The company previously collaborated with WSOP in 2020, with the WSOP Super Circuit Online Series debuting on the global-facing GGPoker Network [1].

Roy D'Silva, a published author with a decade of experience covering various beats, including Bollywood, OTT, and now poker, will be at the forefront of this significant story in the poker world. An avid cyclist and documentary buff, D'Silva aims to provide comprehensive coverage of the WSOP brand under its new ownership [4].

In other news, the WSOP Spring Online Circuit is launching with a $100M worth of events [5]. Daniel Negreanu, a well-known poker player, recently ended an 11-year bracelet wait [6]. For more updates and information about the poker industry, visit our website.

[1] WSOP.com [2] GGPoker.com [3] Caesars.com [4] RoyDSilva.com [5] PokerNews.com [6] PokerCentral.com

1. The acquisition of the World Series of Poker (WSOP) brand by GGPoker for $500 million marks a significant expansion for the casino-and-gambling platform, potentially adding popular casino-games like poker to their offerings.
2. With the WSOP brand now under GGPoker, sports-betting enthusiasts may soon find opportunities to bet on their favorite sports alongside poker games, as GGPoker's innovative features and collaborative approach could lead to new experiences for players worldwide.
3. Lotteries might also find a place in GGPoker's future offerings, as the company continues to grow and diversify its gaming portfolio, which could further cement its position as a major player in the online gambling industry.

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