GGPoker buys the World Series of Poker

Over the last two decades, poker has developed from a niche game in smoky back rooms to a global mass phenomenon that continues to fascinate millions of people – both live and online. The so-called “Moneymaker effect”, triggered by amateur player Chris Moneymaker’s victory at the 2003 World Series of Poker (WSOP), marked the start of the poker boom in the digital age.

Since then, however, the poker landscape has changed dramatically: online platforms such as GGPoker in particular have revolutionized the game and now offer tournaments with astronomical prize pools and a huge number of participants. Despite a slight decline in public interest, the popularity of poker in various formats remains high. Poker is easily available to everyone, everywhere – and people are happy to take advantage of the opportunities.

In particular, the combination of strategy, mathematics and psychology that shape the game continues to attract players seeking the thrill of deciding on the bubble, making the optimal bet in a multi-way pot or bluffing with an “airball” (a hand with no value). Data experts at Worldmetrics.com estimate that the global online poker market is expected to grow from $2.9 billion recorded in 2020 to a whopping $4.6 billion by 2027.

Such prospects are certainly not unimportant in the fact that mega deals such as the one between Caesars Entertainment and the NSUS Group Inc. are being made and the new owner of the World Series of Poker (WSOP) can practically rely on making a profit despite the immense investment of $500 million. The acquisition of the prestigious WSOP by GGPoker marks another turning point in the development of the industry. This deal not only represents a shift in market share, but could also have long-term implications for the design and distribution of the game – especially in view of the digitization of poker and the rise of online tournament series that are in no way inferior to classic live events.

The deal between GGPoker and the WSOP in detail

The recently announced deal between GGPoker and the WSOP totaling $500 million is less surprising than it may seem at first glance. GGPoker has been firmly established as the main sponsor of the WSOP for years and has played a key role, especially since 2020, by hosting the WSOP Online International.

The structure of the agreement illustrates the strategic planning of both sides: While the first half of the purchase price of $250 million will be transferred directly in cash, the second part is secured by a payment obligation. The remaining amount must be paid five years after the transaction is completed. This not only reflects confidence in the long-term success of the WSOP under the new leadership, but also shows GGPoker’s willingness to continue to strengthen and expand the brand.

• Also worth mentioning is the continued close cooperation between GGPoker and the original owner of the WSOP, Caesars Entertainment. Caesars will remain the exclusive operator of the WSOP in its casinos in Las Vegas for the next 20 years – an agreement that cements the city’s status as a poker mecca.
• The poker rooms in Caesars casinos will also continue to operate under the WSOP branding, which not only means continuity for poker lovers, but also creates a strong promotional effect for GGPoker.
• In addition, Caesars will retain the preferential rights to host the popular “WSOP Circuit Live” series of events, which attract players in various regions of the USA and the world.

Are changes to be expected at GGPoker?

With the completion of the mega deal and the takeover of the WSOP by the NSUS Group, many observers are asking what strategic changes can be expected at GGPoker? Both sides have clearly signaled that they have big plans for the future of the WSOP and GGPoker.

Michael Kim, CEO of the NSUS Group, said in an official statement:

“We will use GGPoker’s cutting-edge technology and industry expertise to create an exciting future for the WSOP and offer players an ever better, safer and seamless poker experience. Under the new leadership, NSUS intends to expand the WSOP worldwide and position it at the forefront of poker growth.”

GGPoker has repeatedly presented itself as an innovator in the industry, not least through its unique Smart HUD technology, which allows players to use valuable real-time statistics during matches without compromising fairness. This option could be heavily integrated into future WSOP online tournaments, not only changing the competitive nature but also taking poker tactics to a new level.

Another interesting aspect is the planned global expansion of the WSOP brand. With GGPoker’s international presence, which is particularly strong in Asian and European markets, the WSOP will potentially tap into new audiences where live tournaments have been underrepresented. This could be done through hybrid events where online and live matches complement each other. GGPoker has already proven that it can bring large masses of players to physical events through its online satellites – and this practice is likely to intensify.

Whether there will ultimately be major changes in GGPoker’s operations remains to be seen, of course. There is a lot of speculation at the moment. But it is certain that the brand will continue its innovative course while massively expanding its reach.

Conclusion

500 million US dollars is truly an incredible amount of money. Nevertheless, the purchase of the WSOP should pay off for GGPoker and its parent company NSUS. The mere fact that one of the largest poker platforms in the world is now even more closely linked to the most important international poker tournament means a lot of prestige, a lasting advertising effect and, last but not least, a significant increase in trust. In combination with the clearly announced expansion plans, this ultimately brings more and more customers and thus a continuous increase in sales and a steadily increasing market strength.