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Monday, June 28th, 2021 | Written by Renee Element Partners, LLC is poised to become the new owner of the World Poker Tour (WPT), but internal conflicts within Ourgame International, which currently owns 30 percent of WPT’s parent firm Allied Esports, is delaying the entire acquisition process. Element emerged victorious in a bidding war against Bally’s Corporation to acquire the WPT by upping the ante to $105 million back in March. But the private venture-capital firm will have to wait a little longer for the sale to get final approval, as Ourgame’s board of directors appear to be at ...

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 alr...

Reddit Penny Stocks Continue to See Momentum  Reddit penny stocks have continued to be a trending topic in the market. For those who are not familiar, let’s take a deep dive into what this means. Reddit is a popular social sharing site that contains everything from news to memes and all types of content.  On Reddit, users can publish any information they want in what is known as a ‘subreddit’. These are essentially discussion boards for every topic imaginable. In the past few months, you may have heard of stock market and penny stock-related subreddits like r/WallStreetBe...

March 17, 2021, 9:41 am · Bally’s Corporation could soon become the new owner of the World Poker Tour (WPT) as the company that currently owns it said Tuesday an offer tabled by the casino operator was superior to a bid recently made by a separate entity. One of the world’s largest poker tours is owned by Allied Esports Entertainment, a global eSports and poker entertainment company. It recently entered into a stock purchase agreement with growth equity fund Element Partners, LLC. After receiving Bally’s offer, Allied said Tuesday that its Board of Dir...

A new bidder has made a last-minute move to buy the World Poker Tour (WPT) and its parent company Allied Entertainment for $100 million. Bally’s Corporation, owner of Dover Downs, has made a surprise $100 million bid for the WPT. (Image: Pinterest/CasinoGuidesUSA) However, following an unexpected bid from Bally’s Corporation, that deal may be off the table. Allied Entertainment Confirms Bally’s $100 Million Bid News of the latest bid broke on March 5. Insider talk had suggested a new player had entered the game. Allied Entertainment subsequently put out a press release confirming that i...