{"id":32,"date":"2024-06-11T10:58:50","date_gmt":"2024-06-11T07:58:50","guid":{"rendered":"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/"},"modified":"2024-06-12T10:51:48","modified_gmt":"2024-06-12T07:51:48","slug":"ballys-outbids-element-for-allied-esports-and-world-poker-tour","status":"publish","type":"post","link":"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/","title":{"rendered":"Ballys Outbids Element for Allied Esports and World Poker Tour"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/W0gpA8k2AhU\"\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 terminate its merger contract with Element Partners, selecting instead a &#8220;preferable proposition&#8221; from Bally&#8217;s Corporation. <\/p>\n<p>The esports and gaming organization, primarily owned by Chinese firm Ourgame International, originally consented to vend its poker-centric enterprise and holdings, encompassing the World Poker Tour (WPT), to Element for $78.3 million (\u00a356.3 million) in January 2021.  This transaction included an initial disbursement of $68.3 million, with an additional $10 million due over three years post-finalization.  The closure was anticipated for March 30th, contingent on endorsement from Allied\u2019s shareholders.<\/p>\n<p>Nevertheless, Allied obtained an unrequested acquisition overture from Bally&#8217;s in March, presenting $100 million. This bid, comprising $90 million in cash, has now been designated a &#8220;superior proposal&#8221; by Allied, although Element retains an opportunity to counter-propose. <\/p>\n<p>\u201cThe Corporation has informed Element that unless, by 5:00 p.m. Pacific Time on March 19, 2021, both entities have commenced discussions regarding an alteration to their pending stock acquisition agreement such that the Bally\u2019s Amended Proposal would cease to represent a Superior Proposal, the Corporation intends to dissolve the Element Stock Purchase Agreement,\u201d Allied stated.<\/p>\n<p>\u201cNo certainty can be provided that the Corporation will execute a definitive accord with Bally\u2019s or finalize any transaction with Bally\u2019s.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allied Esports Entertainment has opted to terminate its merger contract with Element Partners, selecting instead a &#8220;preferable proposition&#8221; from Bally&#8217;s Corporation. The esports and gaming organization, primarily owned by Chinese firm Ourgame International, originally consented to vend its poker-centric enterprise and holdings, encompassing the World Poker Tour (WPT), to Element for $78.3 million (\u00a356.3 million) [&hellip;]<\/p>\n","protected":false},"author":104,"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>Bally<\/title>\n<meta name=\"description\" content=\"Esports giant Allied Esports ditches merger with Element Partners, opting for a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/\" \/>\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 and World Poker Tour\" \/>\n<meta property=\"og:description\" content=\"Esports giant Allied Esports ditches merger with Element Partners, opting for a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/\" \/>\n<meta property=\"og:site_name\" content=\"Explore the Future of Casino Entertainment | News &amp; Licensed Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T07:58:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:51:48+00:00\" \/>\n<meta name=\"author\" content=\"Stella &quot;Siren&quot; Newberry\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stella &quot;Siren&quot; Newberry\" \/>\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:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/\",\"url\":\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/\",\"name\":\"Bally\",\"isPartOf\":{\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-11T07:58:50+00:00\",\"dateModified\":\"2024-06-12T07:51:48+00:00\",\"author\":{\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/#\/schema\/person\/39efa70178e5bec5f858ad16abd112bb\"},\"description\":\"Esports giant Allied Esports ditches merger with Element Partners, opting for a\",\"breadcrumb\":{\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/11\/ballys-outbids-element-for-allied-esports-and-world-poker-tour\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/slotsgarden100nodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ballys Outbids Element for Allied Esports and World Poker Tour\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/#website\",\"url\":\"https:\/\/slotsgarden100nodepositbonus.icu\/\",\"name\":\"Explore the Future of Casino Entertainment | News &amp; Licensed Games\",\"description\":\"Stay on top of the online gambling world with our fresh casino news, in-depth reviews, and expert articles. 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