Allied Esports Entertainment terminates deal with Element, opts for Bally’s proposal

Allied Esports Entertainment has announced it will terminate a purchase agreement with Element Partners, in order to accept a “superior proposal” from Bally’s Corporation. The esports and poker company, which is owned by Chinese operator Ourgame International Holdings, agreed in January 2021 to sell its poker-related business and assets to Element, with Element set to acquire Allied’s World Poker Tour for $78.3m (&po...