Premier esports entertainment company Allied Esports has announced that they have sold off the World Poker Tour (WPT) to investment firm Element Partners.
The deal entails Element buying off Allied Esports' poker-related business and assets for an astounding amount of US$78.25 million. The company has also announced that it intends to "explore strategic options" for its esports business.
Read more » Allied Esports Entertainment sells WPT for US$78 Million