Page 2 - Element Partners News Today

Last-Minute Bid Could End Element Deal and See Bally’s Buy the WPT for $100 Million 3 Min read Element Partners’ bid to buy the World Poker Tour may be in jeopardy following a surprise bid from Bally’s Corporation. Bally’s, owner of 12 casinos and racetracks across the US, wants to buy the WPT’s parent company Allied Entertainment for $100 million. (Image: Greyhound.com) The global entertainment company made an unsolicited offer to buy the WPT’s current owner, Allied Entertainment,...

WPT Assembles All-Star Cast for Spring Festival’s International Broadcast 3 Min read The World Poker Tour is doubling down on its first mobile-only main event by adding international live streams to the mix. Daniel Dvoress heads an international team of commentators for the WPT Spring Festival Main Event. (Image: WPT/Twitter) Not content with targeting the burgeoning market for mobile gaming, the WPT will show its Spring Festival around the world in multiple languages. Fans will be able to w...

The World Poker Tour may have been back in vintage form last month with a field of more than 1,500 turning up in Florida, but it will continue this month in decidedly non-vintage form: on an Asia-based app. The WPT Spring Festival is set to begin today with the first of 13 numbered events as part of a series thats scheduled to stretch from Feb. 11-22. Perhaps most interestingly, all of the tournaments will take place on the Poker King app. All of the buy-ins are denoted in Chinese yuan, and t...

3 Penny Stocks To Buy According To These Top Analysts This weekend we discussed the idea of penny stocks and analyst ratings. The biggest take-away is that forecasts should be just one small part of your research process. Only going by an analyst recommendation could actually pose certain risks depending on your trading strategy. But, they aren’t bad to take note of when looking at the bigger picture. In the stock market today, we see plenty of actively traded penny stocks. This can make ...

WPT Targets Asia’s 1.2 Billion Mobile Gamers with Unique Spring Festival 3 Min read The World Poker Tour is breaking new ground in more ways than one, thanks to a new partnership with Poker King. Tom Dwan and Phil Ivey will be among the celebrities playing the mobile-only WPT Spring Festival on Poker King. (Image: Kakuchopurei) Poker King made headlines last year when it recruited Tom Dwan and Phil Ivey to peddle its wares. Now, with its mobile poker app gaining momentum in Asia, it’s link...

World Poker Tour Sold to Private Investors for $78 Million 1 Allied Esports Entertainment announced the sale of its major poker brand, the World Poker Tour, to Element Partners, LLC, a move that seemingly came out of left field. The World Poker Tour has a new owner. (Image: worldpokertour.com) Element paid $78 million for the WPT to Allied Esports Entertainment, the esports company that owns the Luxor’s HyperX Esports Arena in Las Vegas. That arena plays host to the WPT’s televised final t...

World Poker Tour has changed hands once again. Element Partners LLC, a private investment company, has acquired the popular brand in a deal that could potentially be worth $78 million, the WPT announced via a Tuesday morning press release. Assuming shareholders approve the transaction, Element will pay $68,250,000 for the WPT, plus an additional 5% of "WPT-branded tournament entry fees on Element-owned or licensed gaming platforms, up to a maximum of $10 million, payable over three years after...

The World Poker Tour has been sold to Element Partners, LLC for a reported $78 million. Element Partners acquired the WPT from Allied Esports Entertainment in a deal that was officially announced on Tuesday. As part of the deal Element Partners will pay Allied Esports $68,250,000 upfront, and the remaining $10 million will be paid over three years from a guaranteed five percent share of entry fees from WPT tournaments. The deal was approved by Allied Esports’s board of directors, and it is ex...

Article content (Bloomberg) — Just five years after being recruited for an executive post at General Motors Co., Barry Engle in November 2019 ascended to president of the automaker’s $100 billion North American business, the company’s profit center. Then in August, not even a year in that post as one of the automaker’s top five executives, he quit. Engle already had been pondering a move to a place where he could be a CEO. At 56, he’s just two years younger than Mary Barra and unlike...