bally's atlantic city poker tournament schedule

In line with this, a filing has been made to the Securities and Exchange Commission, and stockholders have been asked to approve or decline the deal.

We do know that Allied Entertainment’s board of directors “continues to recommend” that stockholders approve the deal with Element Partners. Now, however, it may be the executives at Bally’s Corporation writing the WPT’s next chapter.Īllied Entertainment’s VP of communications, Brian Fisher, told CardsChat News that he’s unable to offer any further details on the latest developments, as the Bally’s bid is currently under review. It was assumed that the previously announced sale of the WPT was progressing as expected.Īlthough there haven’t been any updates for a few weeks, WPT CEO Adam Pliska previously said that he was looking forward to a “new chapter” with Element Partners. The unexpected offer took all parties by surprise. The $100 million bid can be cash or a combination of cash and stocks, according to a statement from Allied Entertainment.Ī condition of the bid is that Allied terminates its deal with Element, and that both Allied Esports and the WPT are included in the takeover. The global entertainment company made an unsolicited offer to buy the WPT’s current owner, Allied Entertainment, on Friday.

Bally’s, owner of 12 casinos and racetracks across the US, wants to buy the WPT’s parent company Allied Entertainment for $100 million.

How Much Money Can You Make Playing Poker?Įlement Partners’ bid to buy the World Poker Tour may be in jeopardy following a surprise bid from Bally’s Corporation.

Bally's atlantic city poker tournament schedule