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Forbes: Caesars Entertainment Offered To Sell World Series of Poker Brand To PokerStars

PokerStars Spokesperson Says Caesars Executive Put WSOP, Rio On The Table

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Rio All-Suite Hotel and Casino, Home of the WSOPAccording to Forbes, an executive of Caesars Entertainment offered to sell the World Series of Poker brand and the Rio All-Suite Hotel and Casino in Las Vegas to PokerStars, which declined.

“Caesars Entertainment approached PokerStars and offered to sell us certain assets, such as the Rio Casino in Las Vegas,” PokerStars spokesperson Eric Hollreiser told Forbes. “Caesars suggested that this acquisition would give us a better relationship with Caesars and would help PokerStars gain a license in Nevada. PokerStars declined the offer because we had no plans to acquire another casino in the near term.”

When asked about the accuracy of Hollreiser’s quote, a Caesars spokesperson declined to comment.

On Monday, the American Gaming Association, of which Caesars Entertainment is a member, filed a brief with the state of New Jersey in an attempt to persuade regulators to not allow PokerStars to acquire a casino in Atlantic City.

Caesars Entertainment, then known as Harrah’s Entertainment, purchased the WSOP, along with the Binion’s Horseshoe Hotel and Casino in 2004 for $917 million. The company then sold the downtown Las Vegas casino property a few days later to MTR Gaming while retaining the rights to the Horseshoe and WSOP brand.

The Rio All-Suite Hotel and Casino opened in 1990 and was purchased by Harrah’s Entertainment in 1999 for $888 million. It has been the home of the WSOP since 2006.

 
 
 
 

Comments

idun215
over 8 years ago

So Caesars offered PStars and they said No. So now with the AGA they're planning on trying to block PStars from the US.

 
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iOnola
over 8 years ago

American Gaming Association are scum for trying to block Pokerstars for telling them they do not wish to buy. American Gaming Association are basically corrupt bullies for pulling this stunt and I hope these crooks get slammed down on.

 
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Ryan20
over 8 years ago

probably just a starting ploy to get stars to pay more to get in the doors

stars can get in AC for $50 mil + gaming liscence and a few other fee's.

out of vegas is hundreds of millions

just sounds like business to me

 
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