It seemed like a accomplished deal however now the WPT has accepted a final minute higher supply from a US on line casino chain.
Back in January we introduced you the information that the World Poker Tour had been bought to Element Partners LLC for $78 million.
That seemed like the finish of the story and it was simply the paperwork that wanted finishing. However, earlier this month on line casino and racetrack chain Bally’s swooped in with a final minute supply value $90 million which has now been accepted.
Allied Entertainment, the mum or dad firm of the World Poker Tour, confirmed the ‘superior proposal’ had been accepted yesterday. This supply is only for the World Poker Tour, not for Allied Esports which was a part of the authentic Element deal.
Element Partners LLC now have till 17:00 PT on March 19 to make a greater supply for poker’s longest operating tour. Aside from the rather more profitable monetary supply, Bally’s has huge expertise in the US on line casino business in addition to providing extra alternatives for potential on-line gaming licenses.
The tour has had a number of homeowners because it was based in 2002 however was most just lately bought from partypoker by Black Ride Acquisition Corp in 2018 who paid $213.8 million for it. The new mum or dad firm grew to become Allied Esports Entertainment.