Monday, July 5th, 2021 | Written by Renee
Element Partners LLC has now officially become the newest owner of the World Poker Tour (WPT). Allied Esports Entertainment, Inc, and Ourgame International Holdings, Ltd, approved the sale via two separate shareholder votes conducted a few days ago.
The $105 million acquisition deal should have been finalized several weeks earlier, but an internal dispute among Ourgame’s board members delayed the entire process. Allied Esports needed to wait for those issues to be resolved before it could conduct a vote on the sale, since 30 percent of the company is still owned by Ourgame.
WPT Sale Timeline and Challenges
Allied Esports AESE Stock Price, News, Charts
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Do Hedge Funds Love Everspin Technologies, Inc (MRAM)?
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Mortal Kombat
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The Rise of Online Betting Solutions Coincides with an Upturn in Public Opinion
FinancialBuzz.com News Commentary
NEW YORK, April 15, 2021 /PRNewswire/ More and more states are launching online betting businesses as the legal infrastructure and public opinion have turned in favor of such services. This year, nineteen states will decide whether to legalize sports betting services this year, either through voter referendums or state legislature statutes. According to a report by CNBC, if all nineteen states vote yes, that will more than double the number of states where sports betting is already legal. This is a big year, said DraftKings CEO Jason Robins in an interview. We ve got about 20 states set to vote on legalization. What percentage of those decide yes - that ll swing things either in a positive or negative direction for us. Last year, three states had measures on the ballot to legalize sports betting: Maryland, Louisiana and South Dakota. All voted yes. Bragg Gaming Gr