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Allied acquires majority stake in mobile games developer

Allied Gaming & Entertainment has acquired a majority stake in mobile games developer Beijing Lianzhong Zhihe Technology Co.

DraftKings Attempting To Acquire Partypoker Parent Company Entain

WPT Sale to Element Partners Delayed

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 odds with each other in terms of the manner by which proceeds of the sale would be distributed.

How Ourgame is Complicating the $105M World Poker Tour Sale