Poker Bulletin News – August 2024

Poker Bulletin News - August 2024

The poker world is a constantly evolving state of affairs with a quickly changing game.

Every one to two week fortnight there is a plethora of poker news items to choose from. Picking which ones to focus on and cover can be challenging with the influx of poker.

Having a quickly available source for poker news to recap recent events, controversies, and happenings in the poker world is key to getting into the poker scene more.

In this August bulletin, we take a look at some big live events as well as news of poker entering the mainstream at the theaters.

August Live Events

August is usually a somewhat slower month for live poker in general. However, this is never the case for online poker which is buzzing 24/7.

The world series of poker in Las Vegas was the centerpiece of the poker world for all of June and July.

With all the energy given to the WSOP, from players and staff alike, August typically becomes a little bit of a wind down from that intense two month period.

In recent news, WSOP is to remain in Las Vegas until 2044 in a $500M landmark deal.

EPT Barcelona

With that being said, there are still some big tournaments starting at the end of the month to create some live poker news.

One of those is EPT Barcelona, which is always the largest poker series in Europe.

The casino right on the beach in an extremely busy hotspot of the beautiful Catalonian city always draws record setting European poker crowds.

EPT Barcelona Poker Bulletin News August 2024

The series begins August 26 and goes through September 8.

WSOP Circuit Cherokee

Outside of that there are a few WSOP circuit events around the United States that run in August as players look to get some more tournament action in the later parts of the summer.

One of the biggest versions of that is in Cherokee, NC which always draws massive crowds. The location of the Harrah’s Cherokee casino in the Smokey Mountains of North Carolina is the only major casino within that whole region of the south.

Therefore it draws players from the Carolinas, Tennessee, Georgia (most notably the Atlanta area) and more. Those dynamics always create the largest stop on the circuit calendar.

This stop happens four times a year and this version earlier in August produced a Main Event repeat winner.

Cherokee regular Donovan Dean won his second Cherokee Main Event, with his first title coming in December 2022. $326,206 was the prize he got for topping the 1,502 entrant field.

Poker Movies

In the poker world, we are always excited when our game is represented in mainstream media.

Poker can feel like your whole world when you are immersed in the poker world as often as we are as members of the media or as much as players are.

But in reality, it is a very niche activity or profession to get involved in. So whenever there is poker news or poker representation in a more mainstream medium, it is definitely something worth paying attention to.

One of the most exciting versions of this is a big budget movie. There are very few movies out there that depict poker. And even the ones that do often portray poker in a way that is pretty unrealistic.

Unrealistic Portrayal – “Casino Royale” (2006)

A prime example is in Casino Royale where Daniel Craig played James Bond.

Bond engages in a scene involving a high stakes cash game poker hand which quite frankly becomes almost like a ridiculous parody of a poker hand.

Players dump millions of dollars into a gargantuan pot with hands that would never win in that scenario.

In the end, Bond is portrayed as the ultimate cool guy for being the beneficiary of the ultimate straight flush over a full house cooler to win the $47 million dollar pot.

Accurate Portrayal – “Rounders” (1998)

Serious poker movies that actually portray the game in a somewhat realistic way are even more rare. The classic example of this is Rounders.

Released in 1998, it has survived the test of times since the late 90s and remains today as the quintessential “poker movie”.

Despite some dramatic indulgences and exaggerations, Rounders is still a fairly accurate poker movie that many poker people enjoy.

There are a few other examples in recent years with solid poker movies. Such as Mississippi Grind, Molly’s Game, and The Card Counter.

All of which portray poker as a serious and important part of the plot while also focusing on the larger plot at large.

A Promising Film – “Dead Money” (2024)

That brings us to the next version of this type of poker movie, “Dead Money”.

The official trailer for this movie was just released with the film hitting the big screen on September 13, 2024. After watching the trailer a few times, there are some key takeaways that we noticed.

Dead Money Trailer poker bulletin news August 2024

Trailer Breakdown

  • The trailer starts with the line “Poker is math”. This goes against the typical portrayal of poker as a game of tells, bravado and emotion. The concept that poker is more number based is a recent development, and it will be fascinating to see how closely the movie sticks to that idea.
  • “The killers at the table, they notice everything too. Tells, betting patterns”. This line gets into the more “sexy” part of the game that movies like to portray. The mention of betting patterns is interesting.
  • The game appears to take place in a dark basement-type setting giving the feeling of a serious invitation to a private game.
  • The trailer then kicks off in dramatic style as the private game is the target of an armed robbery which shows that poker will likely become the background of a crime heist movie.
  • The main character played by Emile Hirsch then talks about downswings being a part of the game as the robbery seems to have left him in a lurch.
  • An interesting part of the trailer is how Hirsch narrates the action with some poker lingo. This could indicate that even though the movie will become an exciting heist movie with violence and murder, while poker is still the key component.
  • Intense action scenes are intercut with poker which shows that poker is central throughout this movie.
  • The trailer ends with Hirsch pushing all his chips forward with a classic “all in”.

GGPoker acquires WSOP brand in $500M landmark deal, WSOP to remain in Las Vegas until 2044

GGPoker acquires WSOP brand in $500M landmark deal, WSOP to remain in Las Vegas until 2044

On August 1st, 2024, Caesars Entertainment announced the sale of the World Series of Poker brand to iGaming investment group NSUS Group Inc. for $500 million via press release. 

NSUS Group Inc., the operators of GGPoker and ClubGG, received $250 million in cash and includes a $250 million promissory note that’s due in 2029.

This will be exactly five years after the closing of the deal, which should take place before the end of the year.

Caesars Entertainment sell WSOP brand to NSUS Group Inc.
Source: https://twitter.com/CaesarsEnt/status/1819101984709898531

Caesars Entertainment had owned the brand since 2004, when MTR Gaming Group purchased the World Series of Poker tournament from Binion’s and the rights to the Horseshoe name in Nevada for just $44.3 million. That’s an 11.3x increase in value over the last two decades.

“We’ve enjoyed a longstanding and successful partnership with GGPoker that has helped spur the growth of the WSOP brand,” said Eric Hession, President of Caesars Digital. 

“This transaction is an exciting step for Caesars as a company and the WSOP brand as it continues to evolve. We can’t wait to see what NSUS has in store for growing the WSOP’s legacy in poker, and we look forward to continuing to deliver an unmatched and familiar experience to poker players going forward.”

“After collaborating with Caesars Entertainment for years, NSUS Group, the operators of GGPoker, is thrilled to announce their new role in leading the World Series of Poker, the world’s most renowned poker brand,” said Michael Kim, Chief Executive Officer of NSUS Group Inc. 

“We will leverage GGPoker’s cutting-edge technology and industry expertise to create an exciting future for WSOP, ensuring players have an increasingly improved, safe, and seamless poker experience. Under the new leadership, NSUS intends to expand WSOP worldwide, positioning it at the forefront of poker’s growth.”

As a major part of the deal, Caesars will continue to host the World Series of Poker’s flagship summer series for the next 20 years. 

Caesars will keep displaying WSOP branding in their poker rooms and Caesars properties will be the first choice to host upcoming WSOP Circuit events. 

For the moment, WSOP will continue to operate their WSOP Online poker site for a limited period of time, with a number of exceptions in place. WSOP Online currently operates their real money poker app in Nevada, New Jersey, Michigan, and Pennsylvania.

In addition to cash games and regular tournaments, WSOP Online has hosted a large number of WSOP online bracelet and circuit ring events.

So too has GGPoker, the world’s biggest online poker site, who have worked extremely closely with the World Series of Poker brand over the last handful of years.

During COVID, GGPoker hosted an incredible 54 bracelet events on their poker platform.

In addition to hosting a large number of official WSOP events on their website, their ambassadors, such as Daniel Negreanu, have heavily promoted WSOP’s international series. 

This includes the inaugural WSOP Paradise in the Bahamas, which will return for a second edition in December and include a $25,000 Super Main Event with a world-record $50 million guarantee.

From an American perspective, one thing clearly sticks out: GGPoker is not currently available in the United States. GGPoker did obtain a supplier license in Pennsylvania in 2021 but has yet to appear in the market.

While poker players certainly have approved of the GGPoker takeover of the World Series of Poker, it may cause quite a stir if players aren’t able to play summer online bracelet events while they simultaneously play in Las Vegas.

A week after the announcement of the acquisition, GGPoker revealed the addition of 33 bracelet events that will take place on the GGPoker platform from August 18th all the way until September 30th. 

Opening flights have already started and can be found in the GGPoker lobby.

  • Event 1 (Aug 18):  $500 Annual WSOP Kickoff Bounty NLHE (final stage)
  • Event 2 (Aug 19):  $300 Gladiators of Poker NLHE (Day 2) ($2.5M GTD)
  • Event 3 (Aug 20):  $2,100 NLHE Bounty Championship
  • Event 4 (Aug 22):  $840 PLO Bounty
  • Event 5 (Aug 24):  $500 Ladies NLHE Championship
  • Event 6 (Aug 25):  $1,500 Monster Stack NLHE
  • Event 7 (Aug 26):  $215 Mystery Millions NLHE (Day 2) ($10M GTD, $1M top bounty)
  • Event 8 (Aug 27):  $2,500 NLHE Turbo Championship
  • Event 9 (Aug 29):  $320 NLHE Bounty
  • Event 10 (Aug 31):  $1K 5-Card PLO
  • Event 11 (Sept 1):  $100 NLHE Flip & Go (Go stage) ($1M GTD)
  • Event 12 (Sept 2):  $500 NLHE Mini Main Event (Day 2) ($2.5M GTD)
  • Event 13 (Sept 3):  $5K NLHE 6-Handed Championship
  • Event 14 (Sept 5):  $500 Big NLHE Bounty
  • Event 15 (Sept 7):  $800 NLHE Ultra Deepstack
  • Event 16 (Sept 8):  $215 Beat the Pros NLHE Bounty
  • Event 17 (Sept 9):  $1,500 Millionaire Maker NLHE (final stage) ($5M GTD, $1M first place)
  • Event 18 (Sept 10):  $5K Short Deck 3-Stack Championship
  • Event 19 (Sept 12):  $777 Lucky Sevens NLHE 7-Handed Bounty
  • Event 20 (Sept 14):  $1K Double Chance 2-Stack NHLE
  • Event 21 (Sept 15):  $1,500 GGMasters NLHE High Roller Freezeout
  • Event 22 (Sept 16):  $400 Colossus NLHE (Day 2) ($4M GTD)
  • Event 23 (Sept 16):  $400 Plossus PLO Bounty (final stage) ($1M GTD)
  • Event 24 (Sept 17):  $10K PLO Championship
  • Event 25 (Sept 19):  $525 Superstack NLHE Turbo Bounty
  • Event 26 (Sept 21):  $10K NLHE Heads-Up Championship
  • Event 27 (Sept 22):  $1,050 PLO Mystery Bounty
  • Event 28 (Sept 23):  $5K WSOP Online NLHE Main Event (Day 2) ($25M GTD)
  • Event 29 (Sept 24):  $25K GGMillion$ NLHE Super High Roller Championship
  • Event 30 (Sept 26):  $2,100 NLHE 6-Handed Bounty
  • Event 31 (Sept 28):  $5K PLO High Roller
  • Event 32 (Sept 29):  $1,500 Closer NLHE Bounty Turbo (final stage)
  • Event 33 (Sept 30):  $10,300 GGMillion$ NLHE High Roller (Day 2) ($10M GTD)