GGPoker Acquires World Series of Poker Brand for $500 Million

Caesars Entertainment finalizes the sale, marking a major shift in the poker industry.

The deal includes a $250 million cash payment and a $250 million promissory note due in five years.
Caesars will continue hosting the WSOP in Las Vegas for the next 20 years and operating WSOP Online in several states under a license from NSUS.
Key WSOP executives, including Ty Stewart, will transition to leadership roles under NSUS to drive brand expansion.
GGPoker plans to showcase the WSOP brand at the upcoming WSOP Paradise event in The Bahamas, featuring a $25,000 Super Main Event.
Caesars' brick-and-mortar poker rooms will retain WSOP branding and continue to receive preferential treatment for WSOP Circuit stops.