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Ourgame International Focused on Asset Recovery

Ourgame International Holdings Ltd (HK:6899) has released an update. Ourgame International Holdings Limited is actively pursuing the recovery of hi. ....

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High-Stakes CEO - Orange County Business Journal

Adam Pliska, longtime president and CEO of Irvine’s World Poker Tour, sells firm for $78.3M ....

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Element Partners Now Official Owner Of The WPT

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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World Poker Tour Sold to Private VC Investors for $78 Million

World Poker Tour Sold to Private Investors for $78 Million
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Allied Esports Entertainment announced the sale of its major poker brand, the World Poker Tour, to Element Partners, LLC, a move that seemingly came out of left field.
The World Poker Tour has a new owner. (Image: worldpokertour.com)
Element paid $78 million for the WPT to Allied Esports Entertainment, the esports company that owns the Luxor’s HyperX Esports Arena in Las Vegas. That arena plays host to the WPT’s televised final tables.
Element will pay $68,250,000 upfront. The remaining $10 million balance will be paid via WPT tournament entry fees, with 5% of each buy-in being shipped to Allied. The WPT parent is currently seeking to sell off its esports business as well, and will then rebrand under a new business name. The company will focus on online entertainment, including internet gambling. ....

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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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