Everest Poker To Sue Harrah’s Entertainment
April 5, 2010
Posted by NewsBug in : General , trackback
On April 1, Ultra Internet Media S.A. (UIM) filed a lawsuit against Harrah’s Entertainment Inc, in Las Vegas federal court. Harrah’s is the owner of the World Series of Poker (WSOP).
The suit claims that UIM subsidiary Everest Poker and WSOP entered into a three year deal in 2008 making Everest Poker the on-felt sponsor for the WSOP tournament. UIM claims in the suit that the WSOP breached that contract. It further states that Everest Poker will be withdrawing its sponsorship for the 2010 WSOP tournament. The deal called for Everest Poker to be the exclusive on-felt sponsor at every table and to have their logo displayed on the inner track of the final and feature tables.
The suit contends that the contract was breached when ESPN French affiliate RTL9 featured the logo of Full Tilt Poker instead of Everest Poker’s on the tables. Full Tilt Poker is a major competitor of Everest Poker.
The suit further states that the two sides met in 2009 to talk over the dispute. They then agreed that RTL9 would be required to stop using the Full Tilt Poker logos on their broadcasts of WSOP events. UIM contends in the suit that as late as Feb. 2010, RTL9 was still using Full Tilt Poker logos in their broadcasts. The lawsuit states: “Every material breach of the agreement represents lost potential future profits, erosion of goodwill and compromise of UIM’s international business reputation,” says the lawsuit”.
The suit is asking the court to ruled that the contract has been breached by Harrah’s. that ruling would allow UIM to not pay WSOP their $8 million for the third year of their contract. With only two months before the WSOP starts, Harrah’s won’t have much time to find new sponsors.
Comments»
its kinda funny that the people reading this and agreeing probably all think that this, or the other site, that they play on is rigged anyway.
It is wrong for any company to breach a contract, and if Everest Poker did have a contract with Harrah’s about putting a logo on the WSOP tables, then they have the right to sue.
Hopefully Harrah’s will step up to the plate and pay what’s due to Everest Poker during the WSOP 2010 tournaments.
How did Full Tilt get into this mix in the first place? Maybe they will be the one who ends up paying Everest back, for Harrah’s, in a round-about way.
I knew there was always potential for mixed dealings behind closed doors for poker players, but didn’t think it could happen to company sponsors.