Element Partners

Allied Entertainment Accepts Bally’s “Superior” Offer for the WPT

Bally’s Corporation, owner of 12 casinos and racetracks in the US, is set to buy the World Poker Tour (WPT) for $90 million. The cash offer was accepted by the WPT’s parent company, Allied Entertainment, and announced this...

Surprise Bid by Bally’s Corp. May Halt WPT Sale to Element Partners

A new bidder has made a last-minute move to buy the World Poker Tour (WPT) and its parent company Allied Entertainment for $100 million. It had been previously announced that Allied Entertainment would sell the WPT to Element...

WPT Sold to Element Partners for $78.25 Million

The World Poker Tour (WPT) has a new owner after Allied Esports Entertainment sold the company to Element Partners for $78.25 million. The deal was announced on January 19 and is expected to complete at the end of the month or...