{"id":266,"date":"2024-06-17T01:29:22","date_gmt":"2024-06-16T22:29:22","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/"},"modified":"2024-06-17T12:49:08","modified_gmt":"2024-06-17T09:49:08","slug":"allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/","title":{"rendered":"Allied Esports Ditches Element Deal in Favor of Ballys Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/NWdKL_0S_pU\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Esports and gaming organization, Allied Esports Entertainment, has chosen to abandon its acquisition arrangement with Element Partners, favoring instead a more advantageous proposition from Bally&#8217;s Corporation.<\/p>\n<p>The esports and card game entity, primarily controlled by Chinese firm Ourgame International, had initially consented in January 2021 to divest its poker-centric operations and holdings to Element. This transaction would have resulted in Element obtaining Allied&#8217;s World Poker Tour (WPT) for $78.3 million (\u00a356.3 million).<\/p>\n<p>The initial agreement encompassed an immediate disbursement of $68.3 million, with the outstanding $10 million to be paid over a three-year period subsequent to the deal&#8217;s closure. This was anticipated to be concluded by March 30th, contingent upon the endorsement of Allied\u2019s stakeholders.<\/p>\n<p>Nevertheless, in an unexpected turn, Allied received an unprompted $100 million full acquisition bid from Bally&#8217;s in March. This proposal, encompassing $90 million in immediate funds, has been deemed a more favorable proposition by Allied. Element was granted an opportunity to present a counter-offer, but ultimately, Allied opted to proceed with Bally&#8217;s.<\/p>\n<p>Although this signifies a substantial progression, it&#8217;s important to acknowledge that there&#8217;s no assurance that a definitive accord will be established or that the transaction with Bally&#8217;s will be finalized. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Esports and gaming organization, Allied Esports Entertainment, has chosen to abandon its acquisition arrangement with Element Partners, favoring instead a more advantageous proposition from Bally&#8217;s Corporation. The esports and card game entity, primarily controlled by Chinese firm Ourgame International, had initially consented in January 2021 to divest its poker-centric operations and holdings to Element. This [&hellip;]<\/p>\n","protected":false},"author":7,"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 has backed out of its acquisition deal with Element Partners, opting 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:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/\" \/>\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 Deal in Favor of Ballys Acquisition\" \/>\n<meta property=\"og:description\" content=\"Esports giant Allied Esports has backed out of its acquisition deal with Element Partners, opting for a more lucrative offer from Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T22:29:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:49:08+00:00\" \/>\n<meta name=\"author\" content=\"William &quot;Whisper&quot; Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"William &quot;Whisper&quot; Anderson\" \/>\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:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/\",\"name\":\"Allied Esports Ditches Element, Embraces Bally\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-16T22:29:22+00:00\",\"dateModified\":\"2024-06-17T09:49:08+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/e7e6b16c6b025f45fe4d699f5b8d2169\"},\"description\":\"Esports giant Allied Esports has backed out of its acquisition deal with Element Partners, opting for a more lucrative offer from Bally\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/allied-esports-ditches-element-deal-in-favor-of-ballys-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2webnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Allied Esports Ditches Element Deal in Favor of Ballys Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/\",\"name\":\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\",\"description\":\"Our licensed online casino is your go-to source for the latest industry news, game reviews, and expert insights. 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