BREAKING NEWS: GGPoker Buys World Series of Poker for $500 Million; WSOP to Remain in Vegas for 20 Years
Caesars Entertainment has today announced that they will be selling the iconic World Series of Poker Brand will be sold to NSUS Group Inc, a leading investment group and operators 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.
The release also states that Caesars have secured the rights to continue hosting the WSOP’s flagship live tournament series at its Las Vegas properties for the next twenty years. Caesars can also still use the WSOP branding at its brick-and-mortar poker rooms, and Caesars destinations will continue to enjoy “preferential rights” to host WSOP Circuit events in the future.
WSOP Set to “Expand Worldwide”
As part of the announcement, Michael Kim, Chief Executive Officer of NSUS Group Inc, said that after collaborating with Caesars Entertainment for years, NSUS Group Inc was thrilled to announce their 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, it was announced that the festival will return to the Caribbean in December this year.
This story is breaking and will be updated shortly
Based in the United Kingdom, Will started working for PokerNews as a freelance live reporter in 2015 and joined the full-time staff in 2019. He now works as Managing Editor. He graduated from the University of Kent in 2017 with a B.A. in German. He also holds an NCTJ Diploma in Sports Journalism.
FAQ
Is WPT Global a good site?
Is WPT Global a good site? WPT Global has a reputation for being a generous online poker site, one that offers a substantial welcome bonuses and plentiful ongoing promotions. PokerNews’ relationship with WPT Global allows us to offer the best WPT Global welcome bonus, so always use our links when creating an online poker account.
How many decks are used in poker?
how many decks are used in poker? In most popular poker variants, such as Texas Hold’em and Omaha, a standard deck of 52 playing cards is used. Each deck contains four suits (hearts, diamonds, clubs, and spades) and consists of 13 ranks (Ace, 2 through 10, and the face cards: Jack, Queen, and King). However, it’s important to note that the number of decks used in poker can vary depending on the specific game or variation being played. For example, some poker tournaments or cash games may use multiple decks to speed up the gameplay or reduce the frequency of card shuffling. In such cases, it is common to use two or more decks that are shuffled together.
What is the WPT global match bonus?
What is the WPT global match bonus? Our Welcome Match Bonus is one of the biggest ever offered as an online poker deposit bonus! We’ll match your deposit of up to a huge $1,200 as a warm welcome to our tables, whether you’re a cash game player or tournament challenger. 100% deposit match bonus – min $20 up to $1,200! get it use bonus code : wpt777
Can I use tracking software or a HUD?
Can I use tracking software or a HUD? No, the use of third party software is prohibited.
What is the WPT bonus code?
What is the WPT bonus code? The WPT bonus code is WPT777. Use this code at WPTglobal.com to get up to $1200 poker bonus. This code has been approved by WPT Global and gives new users the maximum new user offer.
Download & Play WPT Global Application In Shortly
This site only collects related articles. Viewing the original, please copy and open the following link:BREAKING NEWS: GGPoker Buys World Series of Poker for $500 Million; WSOP to Remain in Vegas for 20 Years



















