Caesars Entertainment
Registration for the 2023 World Series of Poker Opens on Thursday, April 13
Register in advance to take advantage of a first-of-its-kind special deal for the biggest and best WSOP of all time
The 54th annual World Series of Poker (WSOP) today announced that online registration for its return to the Las Vegas Strip at Horseshoe Las Vegas (formerly Bally’s) and Paris Las Vegas officially opens on Thursday, April 13. For the first time, prospective WSOP players have an additional option to save more by booking an entire trip package including resort accommodations and airfare, all with one click immediately following online registration at BravoPokerLive.com.
The new travel bundle booking process is made possible through Caesars Entertainment’s industry-leading Caesars Rewards Travel Bundle, making it easier than ever to secure the best prices on a stay at any Caesars destination in Las Vegas for the WSOP, all while earning reward credits through Caesars Rewards.
“This year’s WSOP is poised to break records with an unprecedented range of options to qualify for and attend the WSOP Main Event, widely recognized as the World Championship of poker,” the Senior Vice-President and Executive Director for the WSOP, Ty Stewart, said. “We’re excited to offer players an effortless and cost-effective way to book their entire trip to Paris Las Vegas and Horseshoe Las Vegas as they set their sights on becoming poker royalty this summer.”
The 2023 WSOP, which is from May 30 to July 18, 2023, will feature the largest slate of bracelet events in its rich history. With a whopping 608 tables, the series will also have the largest capacity to date and the expectation to shatter records becoming the biggest and best WSOP of all time.
The 2022 WSOP set records for the most prize money ever awarded at nearly $350 million and the $10,000 No-Limit Hold’em World Championship, best known as the Main Event, hosted the second-largest field in the history of live poker with 8,663 entrants; just 110 entries short of the record. Anticipation is high for this year’s series, with international online poker giant GGPoker guaranteeing to qualify a minimum of 600 players and WSOP.com guaranteeing 111 Main Event seats from June 25 to July 8.
To avoid queues and congestion, the WSOP encourages players to utilize the online mobile registration process to sign up for events, register and pay online. Players who register online will need to visit the Champagne Ballroom located in the Le Centre Des Conventions in Paris Las Vegas one time before playing in their first event to verify their registration with valid identification upon arrival to the series. Once verified, players can simply pick events online via BravoPokerLive.com and utilize the self-service kiosks located throughout Paris Las Vegas and Horseshoe Las Vegas to print their seat cards and make their way directly to their table for play. In-person registration is also now available at the main casino cage inside Paris Las Vegas.
Step-by-step registration information can be found now at WSOP.com/Registration. Follow @WSOP on Twitter, Instagram or check WSOP.com for the latest news and updates.
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Brownstein Hyatt Farber and Schreck LLP
Caesars Entertainment Closes Sale of the LINQ Promenade
Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Caesars Entertainment
Caesars Entertainment Enters into Definitive Agreement to Sell the LINQ Promenade
Caesars Entertainment has announced that it has entered into an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. The sale is subject to customary approvals and other closing conditions and is expected to close during the fourth quarter 2024.
“The sale of the LINQ Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals. I want to thank all the team members and the tenants of the LINQ Promenade for their partnership over the last 10 years and wish them continued success,” said Tom Reeg, CEO of Caesars Entertainment.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck, LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Caesars Entertainment
Caesars Entertainment Closes Sale of World Series of Poker® Brand to NSUS Group for US$500 million
Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the closing of the previously announced sale of its intellectual property rights for the World Series of Poker® (“WSOP”) brand to NSUS Group Inc. (“NSUS”). As previously disclosed, the transaction includes US$250 million in cash and a $250 million promissory note due five years after the transaction’s closing secured by the WSOP intellectual property assets being sold.
Caesars retains the right from NSUS to host the flagship WSOP live tournament series at its Las Vegas casinos for the next 20 years and will receive a license from NSUS to continue operating its recently upgraded WSOP Online real-money poker business in Nevada, New Jersey, Michigan, and Pennsylvania for the foreseeable future but will otherwise be restricted from operating online peer-to-peer real-money poker operations for a specified period of time and subject to certain exceptions. In addition, brick-and-mortar poker rooms currently operated by Caesars will continue to feature WSOP branding, and Caesars destinations will continue to enjoy preferential rights to host live WSOP Circuit events going forward.
Concurrent to the transaction, several long-time WSOP executives will transition to key leadership roles within the NSUS team. Ty Stewart will serve as Chief Executive Officer of the newly formed WSOP subsidiary, while Gregory Chochon has accepted the position of Chief Operating Officer. Erik Eidissen also joins as Communications Manager. With more than 30 years of combined experience managing the WSOP brand, these employees will lead the next phase of growth and integration under new ownership.
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