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Harrahs Entertainment Sale Will Not Affect WSOP
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December 31 - News earlier this month that the sale of leading Las Vegas-based
casino and resort giant, Harrah's Entertainment Inc, to Texas Pacific Group
Capital and Apollo Management for $17.5 billion, worried poker players who live
for the World Series of Poker (WSOP).
The WSOP brand is owned and operated by Harrah's Entertainment and there were
fears that the sale of the company would affect the WSOP, which is indisputably
the largest and most popular land poker tournament event on the annual world
poker calendar.
Following the news of the sale, Gary Thompson, WSOP Communications Director,
spoke to many leading poker media outlets this week to reiterate that the sale
of Harrah's will not affect the WSOP brand, and that the poker tournament will
continue to be hosted each year as before.
Thompson went on to say that in all likelihood the current WSOP management
structure will stay in place, including Jeffrey Pollack who will reprise his
position as WSOP commissioner, and Gary Loveman, the current chairman and CEO of
Harrah's Entertainment.
In 2004, Harrah's bought Binion's Horseshoe, which up until then owned the
rights to the World Series of Poker and respective brands. Later, the company
sold off Binion's but retained the rights to the WSOP, and started to host the
prestigious poker event at its own Las Vegas casinos.
From all of us here at Online Poker Insider, we wish you a happy and prosperous
2008, and that all of your poker dreams come to fruition.
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> Pacific Poker Launches New Daily Guaranteed Tourneys
> PokerStars bans Online Poker Player from Site
> Online Poker Room Offers Loads of Christmas Promotions
> Poker Stars APPT Grand Poker Final this December
> Pacific Poker Gets GamCare Certified
> PokerShare Offers Extreme Stack Promotion
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