Published
PokerMergers & Acquisitions

Allied Esports completes sale of World Poker Tour to Element Partners

Allied Esports Entertainment has announced the sale of World Poker Tour to Element Partners.  

pokertour

World Poker Tour has been broadcast globally in more than 150 countries and is currently producing its 18th season, which will air on Fox Sports' regional networks in the US.  

The tour has become a premier name within the poker industry and its sale was approved at a special meeting between Allied Esports stockholders on 1 July 2021.  

As previously announced, the purchase price of the deal is $105m, which includes 100% of the outstanding capital stock of each of the legal entities that operated or engaged in the company’s poker-related business and assets. 

Following the completion of the deal, Allied Esports said it is “comprised of its esports business, Allied Esports, and cash resources from the sale.” 

Frank Ng, CEO of Allied Esports Entertainment, said: “This is a momentous day for AESE and an opportunity to focus on growing the business in exciting and innovative ways. 

“Congratulations to Adam Pliska and his entire team at World Poker Tour as they too move into a new, successful chapter.”

Premium+ Connections
Premium

Galaxsys

 
Premium

Digitain

 
Premium

Sport Generate

 
Premium

GammaStack

 
Premium

PIN-UP Partners

 
Premium

Imagine Live

 
 
Premium

Revsharks

 
Premium

Lynon

 
Premium

1xBet Partners

 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...