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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

How do you become a WPT player?

How do you become a WPT player? Players can qualify for the WPT at the local casino where the event is held. In addition, online poker operators including partypoker offer satellites to many WPT events. Players can also qualify for free via the Club WPT app and will be able to qualify in the future at WPT Global.

How do I install WPT Global?

How do I install WPT Global? Windows - minimum system requirements: Windows 7, min 500MB disk space, 3 GB RAM (4 GB recommended) 1. Press the button to start the download 2. Once the app has downloaded to your computer, open the file (check your “Download” folder) to launch the installer 3. Follow the installer’s instructions Mac - minimum system requirements: macOS 10.14, min 500MB disk space, 3 GB RAM (4 GB recommended)

What are the different types of WPT?

What are the different types of WPT? Table 1 WPT Technology Frequency Capacitive CPT Laser LPT Radio frequency RFPT Acoustic APT

Can you play WPT global with a VPN?

Can you play WPT global with a VPN? Wpt global is one of the world’s largest online poker sites, but it is also one of the most restrictive in terms of IP address restrictions. As a general rule, traditional VPNs cannot be used to access the platform because they can either warn or block your accounts.

What forms of payment are accepted on WPT Global?

What forms of payment are accepted on WPT Global? Players can use a range of payment methods (depending on region) including Visa, bank transfer, NETELLER, Skrill, and cryptocurrencies such as Bitcoin, Ethereum, Litecoin and more via Coinspaid and Coindirect. Other methods include (available in some regions): Interac, Muchbetter, PIX, Boleto, Ecopayz, Astropay, and Luxon.

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

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