Stretch Network Launches World Poker League

In 2024, poker will be defined by the worldwide network event Stretch Network introduced: the World Poker League (WPL). The three-season tournament will begin on September 20 and end on December 22, with a two-week break between each season to give participants a respite.

With a grand prize of €2 million, the WPL marks a watershed event for Stretch Network. Main Events with prize pools of €50,000, €100,000, and €150,000, respectively, are scheduled for Omaha players. The prize pools for these events are €5,000, €7,500, and €10,000, respectively.

The WPL will also launch a new High Roller tournament alongside these events. This tournament is ideal for high-stakes players since it has a €5,000 guaranteed prize pool and a €150 buy-in. Guaranteed prize pools of up to €25,000 will also be available in the daily highlight events.

NagaCorp to File an Impairment Charge on Stalled Russian Gambling Project

The Russian gaming project that NagaCorp is involved in, which is now halted due to the conflict in Ukraine, is expected to incur an impairment charge of about $100 million. As a result, the Cambodian casino operator's profitability might be negatively impacted.

According to the Hong Kong-listed casino operator, who announced on Monday night, the projected fee for its gaming and resort project in Vladivostok, located in the Russian Far East, is anticipated to range between $85 million to $95 million.

According to NagaCorp, the assessment is based on an independent revaluation. Depending on the finishing amount, the bottom line for the year's first half may be anywhere from a net profit of $3.1 million to a net loss of $6.9 million.