The World Darts Federation (WDF) can confirm that the World Masters will not be taking place in 2023 but will instead return in 2024.
Nick Rolls, Secretary-General of the WDF, said: "It's a huge disappointment that we haven't been able to get everything signed off to make the World Masters a reality in 2023 because we know how much all of our players enjoyed it last year.
"Following the enforced absences throughout the pandemic, our priority in 2022 was making sure that the World Championship and World Masters ran as advertised. However, in order for us to continue delivering tournaments befitting of the heritage, we had to adopt more strategic, long-term planning. One-year deals are all well and good but when they end, the uncertainty returns the following year.
"To give our players the clarity they deserve, we needed to make sure that we had multi-year deals in place for venues, dates and sponsors. Doing this means that our players know what they're playing for and our member nations know what the ranking events they put on are building towards. We've done that with Lakeside and the World Championship by moving it to December, and the next step was doing that with the World Masters.
"We also wanted to improve our communication with players and that meant setting firm decision deadlines and not just living in a world where we're comfortable continually kicking the can down the road. To that end we informed people in May of our progress and by doing so kept ourselves accountable as those commercial conversations continued.
"While some of the conversations have already reached a positive conclusion, not all were settled before the June deadline we set ourselves. As such, we are now using 2023 as a transition year as we continue to reshape our event schedule. To that effect, our focus switches to continuing these commercial conversations with a view to getting this great, global tournament back on the calendar in 2024 and beyond. We also look ahead to our return to Lakeside this December, tickets for which have been selling incredibly well so far."
Information on the 2024 WDF World Masters, when available, will be shared on the WDF website and on social media.