WSOP to continue despite Harrah’s Sale
December 28, 2007
Poker fans and players can rest a little easier in their beds tonight with confirmation that the way the World Series of Poker is run next year will not change despite the pending sale of Harrah’s to Apollo Management and Texas Pacific Group.
Harrah’s is currently the world’s largest casino operator owning more than 50 casinos. It has also been instrumental in making the World Series of Poker the global brand that it is today.
The current Harrah’s management team (including Chariman Gary Loveman and Commissioner Jeffery Pollack) will be staying with the company once the sale has gone through and the Communications Director for WSOP, Gary Thompson insisted that the World Series of Poker will remain an important part of the poker calendar for a long time to come:
“The WSOP will remain a key brand in the Harrah’s portfolio,” he said “and one earmarked for expansion on a number of fronts.”
The initial $17.7 billion sale was approved by Shareholdersback in April, but the sale is not expected to be finalised until early 2008. The delay has been put down to the sale needing to be approved by the gaming boards of each state that Harrah’s currently operates a casino in. Furthermore, Casinos owned by Harrahs outside of the United States also needed to gain approval.
The last two commissions to give their approval (The Nevada Gaming Commission and the National Indian Gaming Commission) consented to the sale last week.
Comments
Got something to say?
Latest Headlines
- New Pokerstars bonus code for 2009
- Three new locations released on PKR
- Reload bonus available for all PKR players
- Aced Poker offer Christmas bonus
- Full Tilt’s end of year bonus for players
- PKR masters this weekend
- $3,000 trip to Vegas available at PKR
- Spend Thanksgiving with Aced Poker
- Peter Eastgate becomes youngest player to win WSOP
- Barry Greenstein “Masterclass” being held at Pokerstars