GPL and PokerStars enter sponsorship deal

[Pauly McGuire DrPauly (PokerStars) Clubber Holothurianism: +36 % 1,484 posts]

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GPL and PokerStars enter sponsorship deal

Did PokerStars just bail out the Global Poker League? The GPL got off to a fast start this year, but something strange happened over the summer when the GPL migrated to Las Vegas. The GPL were low on funds and had to borrow cash from deep-pocketed poker pros like Fedor Holz. The funds were paid back late (with interest) but the details sounded a bit shady. During the summer, the GPL canceled the finals at Wembley Stadium in London. Plus, they nixed an appearance at TwitchCon and insiders began to wonder if the GPL was imploding. The second half of the inaugural season kicked off this past week, but we got word this morning from a press release that PokerStars and Mediarex (the GPL's parent company) have entered a sponsorship deal. The details are still fuzzy, but safe to say that any cash flow problems have been nipped in the bud.

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Say hello to GPL's new sponsor: PokerStars!