Caesars agrees to sell WSOP intellectual property to NSUS for $500 million

Caesars Entertainment announced an agreement to sell the World Series of Poker intellectual-property rights to NSUS Group for $500m. The consideration comprises $250m in cash and a $250m promissory note due five years after closing; Caesars will retain specified live-event and online-poker rights. The transaction remains subject to regulatory approvals and other conditions and is expected to close before the end of 2024.