The World Poker Tour’s ClubWPT.com brand is a members-only online poker site which works on a sweepstakes-based poker club model, available in 43 states and territories across the United States, Australia, Canada, France and the UK.
Allied Esports Entertainment commented: “The company’s Board of Directors.. will evaluate Bally’s proposal in due course. The company and Element continue to discuss potential updates to the current terms of their agreement. There can be no assurance that the Company will enter into a definitive agreement with Bally’s or consummate any transaction with Bally’s. At this time, the Company’s Board of Directors continues to recommend to the company’s stockholders the approval of the transaction with Element”
If Allied shareholders vote in favor of the offer, the Element deal would close on 31 March.
