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
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