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Harrah’s Entertainment may need to Sell WSOP Brand

The WSOP, World Series of Poker, may be up for sale since this latest slump has left Harrah’s Entertainment with liability and liquidity difficulties. Online casino operators are keeping a watchfull eye hoping that one of the goods up for sale is the brand privileges to the World Series of Poker.

Harrah’s Entertainment has had an superior hand in the world poker tournament circuit since it purchased Binion’s. However, has at no time leapt on the online gaming caravan, which would bring its brand name and conjectures of such a site rings a flash buzz between Texas Hold’em games enthusiasts.

Placing the WSOP up for sale would salvage the company’s monetary difficulties short of pulling them to offer casinos and other assets. There has previously been rumors that the Rio All-Suite Hotel and Casino in Las Vegas will be placed for sale.

Any best online casino or online texas hold’em poker site would like to obtain this brand as it’s the most familiar poker brand available. Harrah’s initial plan was to wait until the UIEGA law is hoisted and only then to open a site bearing its name and logo. Harrah’s must give up on this dream if they don’t desire to file for bankruptcy any time soon.

Harrah’s Entertainment has announced a loss of $4 billion over these past quarter and debt payments on loans to take the company private. If Harrah’s is interested paying these commitments off, they must contemplate marketing WSOP.

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April 1, 2009
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