Newsclip®: [Entertainment] Rapper's Endorsement Deal With Gambling Site Not Actually Worth $400 Million: Report

"American rapper and businessman Soulja Boy has signed an endorsement deal with a group called World Poker Fund Holdings that could be worth as much as $400 million, but it’s nowhere close to that right now. Forbes reported that his deal with WPFH, which describes itself as a “developer and operator of online and event-based social gaming platforms and brands,” includes stock and revenue-sharing, and isn’t all cash. The rapper generated tons of speculation when he Tweeted vaguely on May 1 that he had signed a $400 million deal. WPFH plans to launch a site called, which also has backers such as Justin Bieber and Floyd Mayweather. The retired boxer is well-known as a high-stakes Las Vegas gambler. The company called it a “celebrity owned social gaming site.” Largely thanks to Facebook, social casino games have grown to a $3.4 billion market and they could be worth $4.4 billion by 2017, according to Eilers Research. “I invest in",

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