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WPTE is locked into a terrible TV deal until 2009 or 2010. Whoever made that deal should be fired, and I'm sure the CFO was right in the middle of it.


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What are you talking about?

WPTE's legacy deal with The Travel Channel, signed in 2004 (which might as well have been 1004 the way the TV poker industry has evolved) is a MUCH BETTER deal, in terms of the amount of up front CASH, than the one Harrah's just signed with ESPN.

WPTE gets $10 million in CASH from The Travel Channel.

Harrah's received $0 in CASH from ESPN for the WSOP in 2006-2010. That's right. ESPN got video rights to the WSOP Main Event, the "World Championship" of tournament poker, for $0 in CASH.