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Bally s Corporation to Buy Gamesys for £2 Billion
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Allied Esports says Bally s proposal for World Poker Tour acquisition is superior
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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 Directors has determined that one constituted a
“superior proposal.” The eSports company also informed Element Partners that it would terminate their pending agreement, unless they negotiate an amendment to that agreement that would better Bally’s bid until Friday, March 19.
WPT determination from Bally s Corporation
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