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Leon Tsoukernik Sells Stake In King’s Resort For €300+ Million

Some exciting developments are underway in the European poker scene. The iconic King’s Casino in Rozvadov, which hosts the prestigious World Series of Poker Europe (WSOPE), has undergone a change in ownership. According to the recent report from Poker.Org, Leon Tsoukernik sold his stake in this immensely popular venue to Scott Hanna and an anonymous second party.

The deal

Leon Tsoukernik, the current owner, has reportedly finalised the sale of his stake in King’s Casino Prague, King’s Hotel Resort, and Admiral Casino. This marks a significant shift in the European poker landscape. 

The buyer, Scott Hanna, along with another undisclosed party, will now take over the reins of the business. The estimates suggest that this sale could fetch anywhere between €300 Million and €400 Million.

 

 

 

 

 

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A brief history of King’s

King’s Casino was officially opened in Rozvadov on 26th June 2003. It was built on a border crossing between Germany and the Czech Republic. He had purchased this land in 2002. 

Tsoukernik transformed this casino into a venue for poker in 2009. In the years that followed, he built several casinos, further extending the King’s brand.

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The road ahead for Tsoukernik

Tsoukernik, a prominent figure in the world of poker, is reportedly beginning his new journey beyond the realm of poker. The Czech entrepreneur accomplished his objectives of hosting the WSOPE, now a regular venue in Rozvadov, and an EPT at this venue in Prague.

More than a host, Tsoukernik is a renowned and skilled high roller himself. He has clinched some notable victories, such as the €100,000 Short Deck High Roller at the 2019 WSOPE. At this event, he defeated Phil Ivey in a heads-up showdown and took away €1,102,000 in winnings.

The imminent changes at King’s Casino are generating a lot of buzz among poker players in the Czech Republic, Germany, Poland, and Austria. This comes as big news for these players, as they are frequent visitors of this renowned establishment on the Czech border.

For more such updates, keep reading GutshotMagazine.com. Follow us on Facebook, Instagram, Twitter and Telegram.

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