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Tag Archives: Allied Esports Entertainment

US – Element Partners completes purchase of World Poker Tour

Allied Esports Entertainment has completed the sale of the entities comprising the World Poker Tour, to Element Partners. The transaction was approved at a special meeting of the Company’s stockholders on July 1, 2021. As previously announced, the purchase price of the transaction totaled $105m and included 100 per cent of the outstanding capital stock…

US – Allied Esports rejects sale of WPT to Bally’s to improve terms with Element Partners

Allied Esports Entertainment, has rejected the chance to sell the World Poker Tour to Bally’s Corp, having agreed to a revised stock purchase agreement with Element Partners. It will now sell all of the outstanding capital stock of each of the legal entities that collectively operate or engage in the company’s poker-related business and assets….

US – Bally’s Corp. makes bid for World Poker Tour

Bally’s Corporation has made a formal bid with Allied Esports Entertainment to buy the rights to The World Poker Tour. Bally’s proposal would require the company to terminate its previously announced agreement with Element Partners to sell all of the equity interests of Club Services, Inc., an indirect wholly-owned subsidiary of the company that directly…

US – World Poker Tour changes hands as Element Partners shuffles its deck

Allied Esports Entertainment, a global esports entertainment company, and Element Partners, a privately-held investment vehicle, today announced a definitive agreement under which Element will acquire the Company’s poker-related business and assets, including the entities comprising the World Poker Tour. Under the terms of the agreement, Element will acquire World Poker Tour for a total of…