{"id":129,"date":"2024-06-15T08:17:13","date_gmt":"2024-06-15T05:17:13","guid":{"rendered":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/"},"modified":"2024-06-17T13:22:08","modified_gmt":"2024-06-17T10:22:08","slug":"ballys-outbids-element-for-allied-esports-poker-assets","status":"publish","type":"post","link":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/","title":{"rendered":"Ballys Outbids Element for Allied Esports Poker Assets"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/spwXncQr6bQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Allied Esports Entertainment has opted to abandon its acquisition contract with Element Partners and will instead pursue a &#8220;better proposition&#8221; from Bally&#8217;s Corporation.<\/p>\n<p>The esports and card game organization, primarily owned by Chinese firm Ourgame International, originally consented to vend its poker-centric business and holdings to Element in January 2021 for a sum of $78.3 million (\u00a356.3 million). This arrangement would have given Element ownership of Allied&#8217;s World Poker Tour.<\/p>\n<p>Of this total, $68.3 million would have been paid initially, with the balance of $10 million disbursed over three years after the deal&#8217;s finalization. Pending endorsement from Allied\u2019s shareholders, this transaction was projected to conclude on March 30.<\/p>\n<p>Nevertheless, Allied received an unrequested $100 million bid from Bally&#8217;s in March, encompassing $90 million in cash. Allied now deems this a &#8220;superior proposition,&#8221; although Element retains the opportunity to enhance its offer.<\/p>\n<p>&#8220;The Company has informed Element that unless, by 5:00 p.m. Pacific Time on March 19, 2021, the Company and Element have commenced negotiations regarding their pending stock purchase agreement such that the Bally\u2019s revised proposal is no longer considered a superior proposal, the Company plans to terminate the stock purchase agreement with Element,&#8221; Allied stated. <\/p>\n<p>&#8220;There is no guarantee that the Company will enter into a definitive agreement with Bally\u2019s or finalize any transaction with Bally\u2019s.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allied Esports Entertainment has opted to abandon its acquisition contract with Element Partners and will instead pursue a &#8220;better proposition&#8221; from Bally&#8217;s Corporation. The esports and card game organization, primarily owned by Chinese firm Ourgame International, originally consented to vend its poker-centric business and holdings to Element in January 2021 for a sum of $78.3 [&hellip;]<\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Allied Esports Ditches Element, Embraces Bally<\/title>\n<meta name=\"description\" content=\"Esports giant Allied Esports has walked away from its acquisition deal with Element Partners, opting instead for a more enticing offer from Bally\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ballys Outbids Element for Allied Esports Poker Assets\" \/>\n<meta property=\"og:description\" content=\"Esports giant Allied Esports has walked away from its acquisition deal with Element Partners, opting instead for a more enticing offer from Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in the Most Exciting Casino Games Online | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-15T05:17:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:22:08+00:00\" \/>\n<meta name=\"author\" content=\"Lincoln &quot;Lynx&quot; Lang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lincoln &quot;Lynx&quot; Lang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/\",\"url\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/\",\"name\":\"Allied Esports Ditches Element, Embraces Bally\",\"isPartOf\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-15T05:17:13+00:00\",\"dateModified\":\"2024-06-17T10:22:08+00:00\",\"author\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#\/schema\/person\/07bb6655d0f17d4cec78be6028301faf\"},\"description\":\"Esports giant Allied Esports has walked away from its acquisition deal with Element Partners, opting instead for a more enticing offer from Bally\",\"breadcrumb\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/15\/ballys-outbids-element-for-allied-esports-poker-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/abigcandycasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ballys Outbids Element for Allied Esports Poker Assets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/abigcandycasinonodepositbonus.icu\/\",\"name\":\"Indulge in the Most Exciting Casino Games Online | Licensed\",\"description\":\"Indulge in the best of licensed online gambling through our comprehensive news, detailed game reviews, and informative insights. 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