Aldarondo IP LLC

Today, we announce the signing of a definitive agreement to sell our intellectual property rights for the World Series of Poker (WSOP) brand to NSUS Group Inc. including the innovative online poker room, GGPoker. The transaction, valued at a total of $500 million, includes $250 million in cash and a $250 million promissory note due five years after the transaction’s closing date secured by the WSOP intellectual property assets being sold.

As a part of this transaction, we have secured the right from NSUS to continue hosting the WSOP’s record-breaking flagship live tournament series at our Las Vegas casinos for the next 20 years. In addition, brick-and-mortar poker rooms currently operated by us will continue to feature WSOP branding, and our destinations will continue to enjoy preferential rights to host live WSOP Circuit events going forward.

Caesars Digital will also 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.

Full details: https://bit.ly/3WxgXnA

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