{"id":106,"date":"2024-06-14T17:21:18","date_gmt":"2024-06-14T14:21:18","guid":{"rendered":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/allied-esports-ditches-element-for-ballys-lucrative-offer-in-world-poker-tour-buyout-battle\/"},"modified":"2024-06-17T13:10:42","modified_gmt":"2024-06-17T10:10:42","slug":"allied-esports-ditches-element-for-ballys-lucrative-offer-in-world-poker-tour-buyout-battle","status":"publish","type":"post","link":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/allied-esports-ditches-element-for-ballys-lucrative-offer-in-world-poker-tour-buyout-battle\/","title":{"rendered":"Allied Esports Ditches Element for Bally&#8217;s Lucrative Offer in World Poker Tour Buyout Battle"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/j1_K-EWgdWQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A prominent esports and poker organization, Allied Esports Entertainment, financially supported by the Chinese company Ourgame International, has opted out of its purchase contract with Element Partners.  They&#8217;ve chosen a more lucrative proposition presented by Bally&#8217;s Corporation.<\/p>\n<p>This decision stems from a January 2021 agreement where Allied consented to divest its poker-related holdings and operations to Element.  The transaction, appraised at a substantial $78.3 million, would have granted Element ownership of Allied&#8217;s prized asset &#8211; the World Poker Tour.<\/p>\n<p>Element&#8217;s strategy involved an initial payment of $68.3 million, followed by the remaining $10 million dispersed over three years post-finalization.  All signs pointed towards a March 30th conclusion, contingent upon approval from Allied&#8217;s stakeholders.<\/p>\n<p>However, Bally&#8217;s intervened with an unexpected proposal in March, offering a more enticing $100 million, including a significant $90 million in immediate funds.  Allied perceived this as the superior arrangement, but Element retains the opportunity to make a counter-offer.<\/p>\n<p>Allied communicated, &#8220;The organization has notified Element that unless they return to negotiations by 5:00 p.m. Pacific Time on March 19, 2021, and enhance their proposal to surpass Bally&#8217;s, Allied will dissolve their existing accord and proceed with Bally&#8217;s.&#8221;<\/p>\n<p>Nevertheless, they included a word of caution: &#8220;There&#8217;s no certainty that a definitive agreement with Bally&#8217;s will be established, or that any transaction with Bally&#8217;s will be finalized.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent esports and poker organization, Allied Esports Entertainment, financially supported by the Chinese company Ourgame International, has opted out of its purchase contract with Element Partners. They&#8217;ve chosen a more lucrative proposition presented by Bally&#8217;s Corporation. This decision stems from a January 2021 agreement where Allied consented to divest its poker-related holdings and operations [&hellip;]<\/p>\n","protected":false},"author":53,"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, backed by Ourgame International, has walked away from a $78.3 million deal with Element Partners. Discover why they opted for a more lucrative 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:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/allied-esports-ditches-element-for-ballys-lucrative-offer-in-world-poker-tour-buyout-battle\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allied Esports Ditches Element for Bally&#039;s Lucrative Offer in World Poker Tour Buyout Battle\" \/>\n<meta property=\"og:description\" content=\"Esports giant Allied Esports, backed by Ourgame International, has walked away from a $78.3 million deal with Element Partners. Discover why they opted for a more lucrative offer from Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/allied-esports-ditches-element-for-ballys-lucrative-offer-in-world-poker-tour-buyout-battle\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay in the Know with Our Licensed Casino News &amp; Exciting Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T14:21:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:10:42+00:00\" \/>\n<meta name=\"author\" content=\"Hazel &quot;Harmony&quot; Price\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazel &quot;Harmony&quot; Price\" \/>\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:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/allied-esports-ditches-element-for-ballys-lucrative-offer-in-world-poker-tour-buyout-battle\/\",\"url\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/allied-esports-ditches-element-for-ballys-lucrative-offer-in-world-poker-tour-buyout-battle\/\",\"name\":\"Allied Esports Ditches Element, Embraces Bally\",\"isPartOf\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-14T14:21:18+00:00\",\"dateModified\":\"2024-06-17T10:10:42+00:00\",\"author\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#\/schema\/person\/3b8b8f817c6feb105c8187573243119b\"},\"description\":\"Esports giant Allied Esports, backed by Ourgame International, has walked away from a $78.3 million deal with Element Partners. 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