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Bally’s makes $100m offer to acquire WPT owner Allied Esports

8th March 2021 10:04 am GMT
Playtech

New York-listed casino and sports betting operator Bally’s Corporation has made an unsolicited offer to acquire World Poker Tour-owner Allied Esports Entertainment for $100m.

Allied Esports has agreed to sell its WPT business and assets to Element Partners for $78.3m, with Bally’s looking to usurp that deal.

The bid from Bally’s would require Allied Esports to terminate its agreement with Element Partners, with Bally’s proposing to acquire all of the outstanding equity interests of the company for [...]

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