The interesting part is GGPoker's tech infrastructure. They've built one of the smoothest online poker platforms - way better UX than the old WSOP.com.
Caesars probably realized they couldn't compete with pure-play online operators who iterate faster. Better to sell the IP and license the live events than try to rebuild the tech.
$250M note is interesting risk mitigation. If NSUS can't grow the brand online, Caesars can reclaim the IP.Wonder what the tech stack looks like for handling 10K+ concurrent players during big tournaments.
The interesting part is GGPoker's tech infrastructure. They've built one of the smoothest online poker platforms - way better UX than the old WSOP.com. Caesars probably realized they couldn't compete with pure-play online operators who iterate faster. Better to sell the IP and license the live events than try to rebuild the tech. $250M note is interesting risk mitigation. If NSUS can't grow the brand online, Caesars can reclaim the IP.Wonder what the tech stack looks like for handling 10K+ concurrent players during big tournaments.
Interesting I didn't catch that they could reclaim.