Greenberg Traurig Represents NSUS in Purchase of World Series of Poker

CHICAGO - Aug. 5, 2024 - Global law firm Greenberg Traurig, LLP represented iGaming investment and consultancy firm NSUS Group in its acquisition of the World Series of Poker (WSOP) business from William Hill U.S. HoldCo, Inc., an affiliate of Caesars Entertainment. The parties executed a definitive agreement in respect of the transaction on Aug. 1. The transaction is valued at a total of $500 million, including $250 million in cash and a $250 million promissory note due five years after the transaction's closing date. The transaction is subject to customary regulatory approvals and other closing conditions and is expected to close prior to the end of 2024.

Caesars will continue hosting the WSOP live tournament series at its Las Vegas venues for the next two decades, and Caesars' physical poker rooms will maintain WSOP branding. Caesars locations will retain priority rights to host WSOP Circuit live events.

Additionally, NSUS has granted Caesars Digital a license to continue running its recently enhanced WSOP Online real-money poker platform in Nevada, New Jersey, Michigan, and Pennsylvania for an extended period. However, with some exceptions, Caesars Digital will be prohibited from operating other online peer-to-peer real-money poker services for a specified duration.

The Greenberg Traurig team was led by Shareholder Brian R. Singer and Gaming Practice Chair Edward R. Winkofsky and included Shareholders, Nicole S. Lonsway, David M. Greenberg, Richard C. Kim, and Brandon Roos, and Of Counsel Sandy Chiu.

About Greenberg Traurig's Global Gaming Practice: Greenberg Traurig's Global Gaming Practice focuses not only on casino operations, but also addresses lotteries, pari-mutuel wagering, charitable gaming, tribal gaming, and internet gaming, where permitted by law. Members of the practice have varied backgrounds and are located throughout the firm's offices, allowing them to assist gaming clients in this highly regulated industry across multiple U.S. jurisdictions and internationally. The practice's focus includes the representation of casino owners, operators and executives, gaming manufacturers and suppliers, private equity firms, and investment banks on gaming related matters.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI "Highly Recommended Law Firm" for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA's Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.