GGPoker has announced the acquisition of the World Series of Poker (WSOP) from Caesars Entertainment in a landmark deal valued at $500 million. The transaction comprises a $250 million cash payment and a $250 million promissory note, signifying a substantial investment in the future of this iconic poker brand.

Despite the change in ownership, Caesars Entertainment will maintain a significant role in the WSOP’s operations. Caesars will continue to host WSOP events at their venues, ensuring that the tradition of world-class poker tournaments in premier locations is upheld. Additionally, as part of the agreement, Caesars will receive an online poker license in four U.S. states, further expanding their footprint in the digital poker landscape.

This acquisition aligns with the strategic vision of NSUS Group Inc., the parent company of GGPoker. NSUS Group Inc. is committed to leveraging this acquisition to drive global expansion and implement technological advancements for the WSOP brand. Their plans include enhancing the online and live poker experience, ensuring that the WSOP remains at the forefront of the poker world.

Furthermore, GGPoker has pledged to keep the flagship WSOP events in Las Vegas for the next 20 years. This commitment ensures that Las Vegas will remain the epicenter of the poker universe, hosting the most prestigious tournaments and drawing poker enthusiasts from around the globe.

The acquisition marks a new era for the WSOP, promising exciting developments and sustained excellence in the world of professional poker.