Home Stock Markets MGM’s Poker Move Challenges Caesars Las Vegas Strip Dominance

MGM’s Poker Move Challenges Caesars Las Vegas Strip Dominance

by WOOWinvest
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Las Vegas Strip Losing Iconic Casino Attraction

The Las Vegas Strip has hosted some impressive fights. Nearly every major boxing champion and every UFC champion has defended his title on the iconic 4.2-mile road. In addition, while the Las Vegas Golden Knights advanced to the championship game in their first season, the Las Vegas Strip hosted the Stanley Cup Finals, with the Super Bowl up for grabs in 2024.

However, Sin City’s biggest battles may not take place in arenas or stadiums.its biggest rivalry is between caesars entertainment (CZR) – Get Caesars Entertainment Inc Report and MGM Resorts International (MGM) – Get the MGM Resorts International reporttwo of the leading casino operators on the Las Vegas Strip.

The two companies are fighting for customers on the Las Vegas Strip, each with casinos that cater to customers of all levels, and MGM has taken over the Metropolis in recent months, while Caesars plans to move its Bally casino by Rebranded as a gambler-friendly horseshoe brand.

Caesars and MGM are like two heavyweight fighters, neither side can knock down their opponents. The two companies are trying to outdo each other with celebrity restaurants, new entertainment options and concert headlines that live on their properties.

Now, MGM has decided to compete with one of Caesars’ largest hotels.

MGM at Caesars World Series of Poker

The World Series of Poker (WSOP has been the dominant series of poker games – sort of like the major leagues -), it’s still popular, and the WSOP draws huge crowds to Caesars’ property.

The Caesars own the WSOP and use the name not only for the iconic series of poker events that eventually won the annual championship, but also for their poker room. It’s a big brand that draws poker series viewers and crowds at the Caesars Casino poker room.

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Now, MGM’s BetMGM digital gambling division has a rival poker series, according to Pokerfuse.com.

“BetMGM has announced the inaugural BetMGM Poker Tournament, a $1 million guaranteed high stakes tournament that will take place next month at the ARIA Resort and Casino,” the site reported. “The $3,500 buy-in will be the theme of the 2022 ARIA Poker Classic. Additional tournaments, including the $600 Mystery Bounty, will fill the four-day BetMGM Poker celebration from June 23-26.”

Why enter the World Series of Poker?

According to Casino.org, the World Series of Poker draws “hundreds of thousands of players” to Las Vegas each summer. According to the WSOP website, the series has not been large since the early 1960s.

“By 2006, the World Series of Poker consisted of 45 events, all of which awarded gold bracelets to the winners. Over $100 million in prize money was won, making the WSOP the richest of all sporting events. Jamie Gold beat the biggest In the field of poker history, he beat 8,772 players last year and won the top prize of $12 million, more than the combined prize money of events like Wimbledon, The Masters and the Kentucky Derby,” the site shared.

The WSOP has been a cash cow for the Caesars, attracting huge numbers of players to its satellite tournaments and becoming a well-known name in poker around the world.MGM now wants a piece of the pie and is drawing attention to its Las Vegas Strip resort and

According to PokerFuse, “The first-ever BetMGM poker tournament is coming to Las Vegas at one of the most exciting times of the poker season,” said BetMGM Poker Director Luke Staudenmaier.

The Aria Poker Classic will run from June 1st to July 17th, “with nearly 50 events in six weeks.”

The date coincides with the WSOP, which shows that MGM not only wants to create its own poker series, but also wants to stand out from the WSOP at Caesars.

“ARIA is a legendary poker brand and we’re delighted that tournaments have become an integral part of this year’s poker classic,” added Staudenmaier. “Through our partnership with MGM Resorts and its world-class U.S. hotel, we will continue to leverage event programming and connect with players online and in their favorite poker rooms.”

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