{"id":7652,"date":"2024-08-02T08:37:15","date_gmt":"2024-08-02T08:37:15","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/08\/02\/caesars-entertainment-sells-wsop-brand-to-nsus-group-for-500m\/"},"modified":"2024-08-02T08:37:15","modified_gmt":"2024-08-02T08:37:15","slug":"caesars-entertainment-sells-wsop-brand-to-nsus-group-for-500m","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/08\/02\/caesars-entertainment-sells-wsop-brand-to-nsus-group-for-500m\/","title":{"rendered":"Caesars Entertainment Sells WSOP Brand to NSUS Group for $500M"},"content":{"rendered":"
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Caesars Entertainment has finalized a significant deal with the NSUS Group, which operates GGPoker, to transfer the intellectual property rights of the World Series of Poker (WSOP) for a substantial $500 million. This agreement, announced recently, includes $250 million in cash and a $250 million promissory note, due five years after the transaction\u2019s closure. The promissory note is secured by the WSOP intellectual property assets.<\/p>\n

\u201cWe\u2019ve enjoyed a longstanding and successful partnership with GGPoker that has helped spur the growth of the WSOP brand. This transaction is an exciting step for Caesars as a company and the WSOP brand as it continues to evolve,\u201d<\/em> said Eric Hession, President of Caesars Digital. Hession expressed enthusiasm about the future, highlighting the ongoing collaboration with NSUS and the potential for growth.<\/p>\n

Continued Presence and Future Plans<\/strong><\/h2>\n

As part of this agreement, Caesars will maintain its role in hosting the WSOP\u2019s flagship live tournament series at its Las Vegas properties for the next two decades. Additionally, Caesars\u2019 brick-and-mortar poker rooms will retain the WSOP branding. Caesars destinations will also keep preferential rights to host live WSOP Circuit events.<\/p>\n

NSUS CEO Michael Kim expressed excitement about the acquisition, stating, \u201cAfter collaborating with Caesars Entertainment for years, NSUS Group, the operators of GGPoker, is thrilled to announce their new role in leading the WSOP, the world\u2019s most renowned poker brand.\u201d<\/em> Kim emphasized that NSUS plans to use GGPoker\u2019s advanced technology and industry know-how to enhance the WSOP experience. He also noted the company\u2019s intent to expand WSOP\u2019s reach globally, positioning it as a leader in the poker industry.<\/p>\n

Under the new arrangement, Caesars Digital will receive a license from NSUS to continue operating its upgraded WSOP online poker business in key states including Nevada, New Jersey, Michigan, and Pennsylvania. However, Caesars will face restrictions on running online peer-to-peer real-money poker operations for a set period, with some exceptions allowed.<\/p>\n

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