{"id":155,"date":"2024-06-17T01:30:15","date_gmt":"2024-06-16T22:30:15","guid":{"rendered":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/17\/element-partners-acquires-world-poker-tour-in-78-million-dollar-deal\/"},"modified":"2024-06-20T17:02:38","modified_gmt":"2024-06-20T14:02:38","slug":"element-partners-acquires-world-poker-tour-in-78-million-dollar-deal","status":"publish","type":"post","link":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/17\/element-partners-acquires-world-poker-tour-in-78-million-dollar-deal\/","title":{"rendered":"Element Partners Acquires World Poker Tour in 78 Million Dollar Deal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/rtVER_qrwpE\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Okay, here&#8217;s a fresh take on the text you shared:<\/p>\n<p>## Element Partners Acquires World Poker Tour in a Game-Changing $78 Million Deal<\/p>\n<p>The landscape of professional poker is undergoing a major shift as Element Partners, LLC takes ownership of the World Poker Tour (WPT) from Allied Esports Entertainment.  This significant acquisition, valued at $78.3 million, positions Element at the helm of one of the most recognizable names in the poker realm.<\/p>\n<p>The financial structure of the deal involves an initial payment of $68.3 million, with the remaining $10 million disbursed over the following three years.  Furthermore, the agreement grants Allied Esports Entertainment a 5% share of entry fees generated by all future events bearing the WPT brand.<\/p>\n<p>This strategic divestment aligns with Allied Esports Entertainment&#8217;s broader corporate vision. The company intends to reposition itself as a publicly traded entity with a concentrated focus on the rapidly expanding digital entertainment sector, particularly online gaming and other virtual leisure activities.<\/p>\n<p>The World Poker Tour boasts a global presence, organizing tournaments across five continents and captivating over 150 million viewers annually through its broadcasts.  Having awarded a remarkable $1 billion in prize money throughout its existence, the WPT has become synonymous with high-stakes poker. Although the COVID-19 pandemic necessitated a shift towards online platforms for much of the WPT&#8217;s activities in 2020, the brand has maintained its formidable standing.<\/p>\n<p>Frank Ng, CEO of Allied Esports Entertainment, commended the WPT&#8217;s adaptability, remarking, &#8220;The World Poker Tour business has yielded substantial and favorable outcomes despite the obstacles presented by the COVID-19 pandemic.&#8221;<\/p>\n<p>Adam Pliska, CEO of the World Poker Tour, conveyed his appreciation for Allied&#8217;s backing and shared his enthusiasm for the future, stating, &#8220;My leadership team and I are eager to embark on this new chapter and explore the opportunities it holds for the future of the World Poker Tour brand and its operations.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Okay, here&#8217;s a fresh take on the text you shared: ## Element Partners Acquires World&hellip;<\/p>\n","protected":false},"author":34,"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>World Poker Tour Dealt to Element Partners in $78M Power Move<\/title>\n<meta name=\"description\" content=\"Shuffle up and deal! Element Partners just went all-in on the World Poker Tour, acquiring the iconic brand for a cool $78 million. What does this game-changing deal mean for the future of poker? Read on...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/17\/element-partners-acquires-world-poker-tour-in-78-million-dollar-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Element Partners Acquires World Poker Tour in 78 Million Dollar Deal\" \/>\n<meta property=\"og:description\" content=\"Shuffle up and deal! Element Partners just went all-in on the World Poker Tour, acquiring the iconic brand for a cool $78 million. What does this game-changing deal mean for the future of poker? 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