Earn App

WSOP Finalizes $500 betfred slotsMillion Sale to GGPoker Parent Company

Share on Twitter Share on Facebook 2 min read
WSOP

Caesars Entertainment has finalized the $500 million sale of the biggest brand in poker to GGPoker's parent company, according to an announcement on Tuesday.

In August, Caesars Entertainment shocked the poker world when it announced that it would be selling World Series of Poker (WSOP) to NSUS Group Inc, a leading investment group and operator GGPoker. The deal was solidified Tuesday and includes a $250 million cash transaction and a $250 million promissory note due in five years.

Though the WSOP sale marks a shakeup in the industry, poker players can still expect the summer WSOP to be held in Las Vegas for the next 20 years. Additionally, poker rooms at Caesars properties will continue to feature WSOP branding.

WSOP Executives in New Roles

The announcement noted that several WSOP executives "will transition into key leadership roles" at NSUS. A newly formed WSOP subsidiary will see WSOP executive director Ty Stewart serve as executive officer and Vice President Gregory Chochton serve as chief operating officer. Meanwhile, WSOP Content Manager Erik Eidissen will join as a communications manager.

Ty Stewart
Ty Stewart

"With more than 30 years of combined experience managing the WSOP brand, these employees will lead the next phase of growth and integration under new ownership," the press release states.

Poker players can expect sigificant expansion of the WSOP brand now that GGPoker is at the helm.

"Under the new leadership, NSUS intends to expand WSOP worldwide, positioning it at the forefront of poker’s growth," NSUS CEO Michael Kim said when the sale was first announced in August.

previous：Mike Watson Wins EPT Barcelona €10,300 High RollerNEXT：Daniel Negreanu and Alan Keating Talk Main Event Controversy

RELATED NEWS

CATEGORIES

LATEST NEWS

CONTACT US

Contact: rv

Phone: 020-123456789

Tel: 020-123456789

Email: [email protected]

Add: 联系地址联系地址联系地址