Esports entertainment company Allied Esports Entertainment, Inc. announced that it has received an unsolicited acquisition offer from casino owners Bally’s Corporation.
Bally’s offered to purchase all outstanding equity interests in the Allied Esports parent company for a total consideration of $100m (~£72.3m). Should Allied accept, the company would be required to cancel its previously announced sale of the World Poker Tour to investment group Element Partners.
In January, Allied Esports announced that it had agreed to sell its poker-related business and assets to Element for a total of $78.