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Is World Poker Fund $400 Million Soulja Boy Deal Real

IS WORLD POKER FUND'S $400 MILLION RAP ENDORSEMENT DEAL REAL?
 
Questions asked on Soulja Boy agreement.
 
World Poker Fund Holdings, a US publicly listed company describing itself as an online and event-based social gaming platform, has been drawing attention to its efforts with a steady stream of press releases for the past year or more, but last week scored wide coverage with a statement announcing a five-year $400 million endorsement deal with up-and-coming rapper Soulja Boy.
 
That would rank the 25-year-old self-made star among the top entertainers in show business.
 
The idea is to mobilise his reportedly 15 million social network following in support of the company’s online gaming assets, which include both CelebrityWorld.com and its planned “in-flight gaming” platform targeting 3 billion travellers worldwide through the Iowa Tribe of Oklahoma's recently legalised online poker offering (see previous InfoPowa reports).
 
However, there is some scepticism regarding the company's ability to make such pay-outs, with Yahoo Finance commenting: "Of course, there’s always the possibility that this whole thing is just a giant publicity stunt, meant to further the respective brands of both parties. For the time being, however, there just isn’t any evidence to support that theory."
 
Other publications have noted that WPFH shares are currently trading at just $1.68 a share; that the company has yet to see a profitable year after four years in business, and that it is still in the process of establishing the enterprise.
 
On the other hand, it has recruited some well-known names as brand ambassadors and advisors, including ex-WSOP main event champ Jamie Gold and the respected US online gaming legal expert Martin D. Owens; inked partnerships with the nascent on-demand TV network Lookhu, and secured the show rights to the International Poker League and its Vegas Open event; the World Poker Channel; and acquired a 49 percent shareholding in the Iowa Tribe of Oklahoma software provider Universal Entertainment Group.
 
The company has also hired an investor relations manager and signed an investment partnership with New York PR firm 1-800-PublicRelations, Inc. that will see WPFH benefit from access to 1800pr's resources, chief strategists, a full content marketing campaign and leverage in the firm media relations capabilities within the social gaming and event arena.
 
The PR company gets an undisclosed equity stake in WPFH in return.
 
Soulja himself made a surprisingly articulate case for his involvement with WPFH, saying in a statement:
 
“I invest in things I understand. I enjoy music, and, of course, gaming. Being an influencer is a form of currency. Having portfolio diversification is critical if you want to be an effective brand ambassador. With regards to World Poker Fund, I believe in its strategy, its team, the vision, and management’s ability to target its financial goals.”

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Gambling News :

Twin River Management Launches Simulated Gaming product - GAN has launched its Simulated Gaming product at the Twin River Management Group's land casino in Rhode Island, USA, revealing the identity of its ninth US customer.

VLeague and Mojo Games partner up - #Alisports B2B multi-gaming platform and social games provider Mojo Games has partnered with VLeague Internet Technology to provide online social games and poker tournaments to Asian sports giant Alibaba Sports Group (AliSports).

SBTech In SportsBook Deal With Winmasters - #SBTech #Winmasters has already achieved significant market share in the Romanian regulated market and is now targeting a number of other EU countries with national regulatory regimes.

Life of Riches Slot Launching - The company released a preview of its "Life of Riches" slot Friday, a 5 reel, 30 selectable pay-lines game with a theme featuring luxury cars, expensive yachts, private jets and a liberal sprinkling of glitterati.

Dutch to impose harsher fines On Illegal Gambling Operators - The Dutch gambling regulator Kansspelautoriteit has announced that it is to take a tougher line with unlicensed online operators who access Dutch punters, intensifying enforcement and imposing substantially heavier fines on offenders.

Makati City is becoming an unfriendly internet gaming environment - The Makati City government in the Philippines has just shuttered its 117th online gambling firm since the middle of the year for operating without a current permit, perpetuating the sense that the region is an increasingly hostile online gambling environment.

Land Casino Bill Passes in Japan - A bi-partisan side meeting of leading lawmakers led to Komeito Secretary General Yoshihisa Inoue agreeing that his party would not protest the vote in the House of Representatives Cabinet committee Friday afternoon.

Inaugural meeting of the Massachusetts Gaming Commission - Thursday's inaugural meeting of the Massachusetts Gaming Commission committee tasked with reviewing online gambling developments and possibilities met Thursday and briefed local media on their mandate.

easyPLAY Launches Online Slot Tournaments - #easyPLAY Las Vegas land casino giant MGM Resorts is more effectively leveraging its on-premises mobile gaming services by expanding the availability of its easyPLAY online casino tournaments throughout the state of Nevada.

Jetsetter slot Pays 130 Bitcoin WIn - #bitcoin Prague-based online slot developer Endorphina reports that its Jetsetter slot on the Bitcasino.io site has just delivered a major hit for an anonymous player.

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