from Hacker News

Caesars sells World Series of Poker brand to GGPoker for $500M (2024)

by indigodaddy on 10/18/25, 3:32 PM with 2 comments

  • by MarkBagh on 10/18/25, 3:35 PM

    The interesting part is GGPoker's tech infrastructure. They've built one of the smoothest online poker platforms - way better UX than the old WSOP.com. Caesars probably realized they couldn't compete with pure-play online operators who iterate faster. Better to sell the IP and license the live events than try to rebuild the tech. $250M note is interesting risk mitigation. If NSUS can't grow the brand online, Caesars can reclaim the IP.Wonder what the tech stack looks like for handling 10K+ concurrent players during big tournaments.