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PlayCyber, Powered by Katzcy, Taps Allied Esports' AE Studios to Produce First US Cyber Games™ Draft Day October 5

PlayCyber, Powered by Katzcy, Taps Allied Esports' AE Studios to Produce First US Cyber Games™ Draft Day October 5
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American Red Cross Taps Allied Esports to Produce Inaugural Rescue Royale Tournament and Fundraiser

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HyperX : Committed to Empowering Women, Inspiring Diversity and Leveling Gaming Field for All Gamers to Achieve Their Best

HyperX : Committed to Empowering Women, Inspiring Diversity and Leveling Gaming Field for All Gamers to Achieve Their Best
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World Poker Tour Sold for Potentially $78 Million

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 closing.
We think this deal will allow the World Poker Tour to do a number of things thats it s always wanted to do, said CEO
For myself and my management team, we re still here and it s business as usual. We look forward to this exciting opportunity and the next chapter of the World Poker Tour. We look forward to continuing to bring the best in poker around the world. ....

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WPT sold for $78 million

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 expected to close in a few weeks once it receives approval from Allied Esports shareholders.
In a video released on Twitter, WPT CEO Adam Pliska said, “We think this deal will allow the World Poker Tour to do a number of things that it’s always wanted to do. For myself and my management team, we’re still here and it’s business as usual. We look forward to this exciting opportunity and the next chapter of the World Poker Tour. We look forward to continuing to bring the best ....

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