In a shocking turn of events, Caesars Entertainment Corporation has announced that it will be selling the rights to the World Series of Poker (WSOP) to NSUS Group for a staggering $500 million. The deal, which includes the WSOP brand, tournaments, and related properties, is said to be one of the largest acquisitions in the history of the poker industry.
The WSOP, founded in 1970 by casino owner Benny Binion, has grown to become the most prestigious and recognized poker tournament series in the world. Each year, thousands of poker players from around the globe flock to Las Vegas to compete for a chance to win a coveted WSOP bracelet and millions of dollars in prize money. The event has also become a cultural phenomenon, with millions of viewers tuning in to watch the action unfold on television and online.
Caesars Entertainment, which has owned the WSOP since 2004, has seen the tournament series grow exponentially over the past decade. However, with the rise of online poker and the increasing competition from other poker tours and events, the company felt that it was time to pass the torch to a new owner.
NSUS Group, a relatively unknown player in the poker industry, has reportedly been eyeing the WSOP for some time. The group, which specializes in acquiring and managing entertainment properties, sees the WSOP as a valuable asset that has the potential for significant growth and expansion.
Under the terms of the deal, Caesars Entertainment will continue to host the WSOP at its flagship property, the Rio All-Suite Hotel and Casino, for the next five years. After that, NSUS Group will have the option to move the tournament series to a new location or continue to host it at the Rio.
Poker players and fans alike are eagerly awaiting to see what changes the new ownership will bring to the WSOP. Some speculate that NSUS Group may introduce new tournament formats, expand the schedule to include more events, or even take the WSOP international. Whatever the future holds for the iconic poker tournament series, one thing is for certain – the WSOP is in for an exciting new chapter under the ownership of NSUS Group.
