Allied Esports Completes Sale of World Poker Tour to Element Partners
BC.Game

 

Allied Esports Entertainment has completed the sale of World Poker Tour to Element Partners. The transaction was approved at a special meeting of the Company’s stockholders on July 1.

As previously announced, the purchase price of the transaction totaled $105 million and included 100% of the outstanding capital stock of each of the legal entities that collectively operated or engaged in the Company’s poker-related business and assets.

“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,” Frank Ng, CEO of Allied Esports Entertainment, said.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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