Harrah’s May Auction WSOP to Online Casinos

The Las Vegas based company Harrah’s Entertainment has been experiencing some rather tough economic times recently and is apparently looking for assets to sell off to other companies and investors in order to secure their footing throughout the rough time that they are facing.

As a corporation Harrah’s entertainment would surely love to hold on to the WSOP (World Series of poker) rights as long as possible especially since the UIGEA is rumored to be lifted at some point in the not so distant future. If the laws were lifted then the Las Vegas Company would surely create their own online casino or even a string of online casinos and run an online version of the WSOP.

However, unfortunately the economy is what it is and there is seemingly no time to look for other ventures or opportunities. The Harrah’s corporation must act now and save the assets that they do hold at the time.

The sale of the WSOP is likely to bring in quite a few wagering members of the online casino world and is likely to raise enough revenue for the company to cover their backs for a little while at least. Next on the list of things to sell in order to stay afloat will be the Las Vegas Rio hotel and casino.
Surely the company will do anything in their powers to hold on to what they have but there is no guarantee that there is a light at the end of tunnel at this point. The company reported losses of more than $4 billion dollars in just the last quarter overall and is looking for ways to recapture their position.

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