2008 WSOP Will Run Like Clockwork Despite Sale of Harrah's

The 2008 World Series of Poker (WSOP) can breathe a sigh of relief that business will continue to be structured as usual, even though Harrah Entertainment has a multi-billion dollar pending sale to two non-public firms. According to Gary Thompson, WSOP Communications Director, “The WSOP will remain a key brand in the Harrah’s portfolio, and one earmarked for expansion on a number of fronts.”

According to reports, Harrah’s current management including Chairman and CEO Gary Loveman, as well as WSOP Commission Jeffrey Pollack and his management team will continue to stay with The Tour. The pending sale is scheduled to close in early 2008. Final negotiations are in place as the last two remaining commissions, Nevada's Gaming Commission and The National Indian Gaming Commission climbed on board last week catapulting the sale forward. Through their continual focus on customer loyalty and value, they pride themselves on their high standard of excellence and through new property development, expansions and acquisitions, Harrah’s continues as the worldwide leader through operating subsidiaries and a premier supplier of branded casino entertainment.

Harrah operates fifty plus casinos and for 2007 they barely missed hitting their 2007 revenue mark of $10 billion dollars. Their properties are mainly operating under the brand names Harrah’s®, Caesars® and Horseshoe®. The London Clubs International Casino family is also owned by Harrah’s Entertainment.