{"id":10,"date":"2024-06-10T08:38:14","date_gmt":"2024-06-10T05:38:14","guid":{"rendered":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/"},"modified":"2024-06-11T10:26:40","modified_gmt":"2024-06-11T07:26:40","slug":"world-poker-tour-sold-for-78-million-to-element-partners","status":"publish","type":"post","link":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/","title":{"rendered":"World Poker Tour Sold for $78 Million to Element Partners"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/qd2C0ZmsMp0\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A media conglomerate, Allied Entertainment, is divesting itself of the World Poker Tour for a sum of $78 million. The entertainment firm will transfer its poker-centric operations and holdings, encompassing the entities that constitute the World Poker Tour (WPT), to Element Partners, LLC.<\/p>\n<p>Element will disburse $78.3 million to procure the WPT, with an initial payment of $68.3 million and the balance of $10 million distributed over a three-year period following the finalization of the agreement. Allied Entertainment will also be entitled to a 5% portion of the tournament entry fees generated under the WPT brand.<\/p>\n<p>This divestiture enables Allied Entertainment to rebrand as a publicly traded holding company with a strategic focus on &#8220;digital entertainment, encompassing but not limited to real-money gaming and other gaming sectors.&#8221;<\/p>\n<p>The World Poker Tour, a prominent entity in the realm of poker, organizes events spanning five continents and commands a substantial viewership. Annually, 150 million spectators tune in to witness the televised tournaments, which feature prize pools reaching an impressive $1 billion. Although the global health crisis compelled the WPT to function predominantly as an online platform in 2020, it has sustained its position as a significant presence within the poker community.<\/p>\n<p>Allied Entertainment CEO, Frank Ng, emphasized the WPT&#8217;s ability to weather the pandemic, noting that the business attained &#8220;substantial and favorable outcomes&#8221; despite the unprecedented obstacles.<\/p>\n<p>Adam Pliska, CEO of the WPT, conveyed his appreciation for Allied Entertainment&#8217;s backing and expressed his enthusiasm for the future. He and his executive team are optimistic about the forthcoming chapter for the WPT brand and the extensive prospects that await. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A media conglomerate, Allied Entertainment, is divesting itself of the World Poker Tour for a sum of $78 million. The entertainment firm will transfer its poker-centric operations and holdings, encompassing the entities that constitute the World Poker Tour (WPT), to Element Partners, LLC. Element will disburse $78.3 million to procure the WPT, with an initial [&hellip;]<\/p>\n","protected":false},"author":12,"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 Sold for $78 Million! \u2660\ufe0f\u2665\ufe0f New Owners Announced<\/title>\n<meta name=\"description\" content=\"Big changes in the poker world! Element Partners, LLC, has acquired the World Poker Tour (WPT) from Allied Entertainment for a cool $78 million. What does this mean for the future of the WPT? \ud83c\udccf\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Poker Tour Sold for $78 Million to Element Partners\" \/>\n<meta property=\"og:description\" content=\"Big changes in the poker world! Element Partners, LLC, has acquired the World Poker Tour (WPT) from Allied Entertainment for a cool $78 million. What does this mean for the future of the WPT? \ud83c\udccf\" \/>\n<meta property=\"og:url\" content=\"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"Unlock the Secrets of Winning at Our Licensed Online Casino\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T05:38:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:26:40+00:00\" \/>\n<meta name=\"author\" content=\"Daniel &quot;Dice&quot; King\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel &quot;Dice&quot; King\" \/>\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:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/\",\"url\":\"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/\",\"name\":\"World Poker Tour Sold for $78 Million! \u2660\ufe0f\u2665\ufe0f New Owners Announced\",\"isPartOf\":{\"@id\":\"https:\/\/luckcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-10T05:38:14+00:00\",\"dateModified\":\"2024-06-11T07:26:40+00:00\",\"author\":{\"@id\":\"https:\/\/luckcasinonodepositbonus.icu\/#\/schema\/person\/abef1d02630238976c6b2e6eb0258ff2\"},\"description\":\"Big changes in the poker world! Element Partners, LLC, has acquired the World Poker Tour (WPT) from Allied Entertainment for a cool $78 million. What does this mean for the future of the WPT? \ud83c\udccf\",\"breadcrumb\":{\"@id\":\"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/luckcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"World Poker Tour Sold for $78 Million to Element Partners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/luckcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/luckcasinonodepositbonus.icu\/\",\"name\":\"Unlock the Secrets of Winning at Our Licensed Online Casino\",\"description\":\"Stay ahead of the game with our up-to-date casino news, comprehensive reviews, and informative articles. Experience the best of licensed online gambling at our trusted casino.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/luckcasinonodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/luckcasinonodepositbonus.icu\/#\/schema\/person\/abef1d02630238976c6b2e6eb0258ff2\",\"name\":\"Daniel \\\"Dice\\\" King\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/luckcasinonodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/luckcasinonodepositbonus.icu\/wp-content\/uploads\/sites\/20\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/luckcasinonodepositbonus.icu\/wp-content\/uploads\/sites\/20\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Daniel \\\"Dice\\\" King\"},\"description\":\"With a Bachelor's degree in Mathematics and a Master's in Actuarial Science, this skilled writer has a deep understanding of the principles of risk assessment and probability theory. They have a keen interest in the application of actuarial methods to the pricing and design of casino games and betting systems. Their articles and news pieces provide readers with a unique perspective on the role of risk management in the gambling industry and the strategies used by casinos to maintain profitability.\",\"url\":\"https:\/\/luckcasinonodepositbonus.icu\/author\/dfjfhkhlj1468\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"World Poker Tour Sold for $78 Million! \u2660\ufe0f\u2665\ufe0f New Owners Announced","description":"Big changes in the poker world! Element Partners, LLC, has acquired the World Poker Tour (WPT) from Allied Entertainment for a cool $78 million. What does this mean for the future of the WPT? \ud83c\udccf","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/","og_locale":"en_GB","og_type":"article","og_title":"World Poker Tour Sold for $78 Million to Element Partners","og_description":"Big changes in the poker world! Element Partners, LLC, has acquired the World Poker Tour (WPT) from Allied Entertainment for a cool $78 million. What does this mean for the future of the WPT? \ud83c\udccf","og_url":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/","og_site_name":"Unlock the Secrets of Winning at Our Licensed Online Casino","article_published_time":"2024-06-10T05:38:14+00:00","article_modified_time":"2024-06-11T07:26:40+00:00","author":"Daniel \"Dice\" King","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Daniel \"Dice\" King","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/","url":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/","name":"World Poker Tour Sold for $78 Million! \u2660\ufe0f\u2665\ufe0f New Owners Announced","isPartOf":{"@id":"https:\/\/luckcasinonodepositbonus.icu\/#website"},"datePublished":"2024-06-10T05:38:14+00:00","dateModified":"2024-06-11T07:26:40+00:00","author":{"@id":"https:\/\/luckcasinonodepositbonus.icu\/#\/schema\/person\/abef1d02630238976c6b2e6eb0258ff2"},"description":"Big changes in the poker world! Element Partners, LLC, has acquired the World Poker Tour (WPT) from Allied Entertainment for a cool $78 million. What does this mean for the future of the WPT? \ud83c\udccf","breadcrumb":{"@id":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/luckcasinonodepositbonus.icu\/2024\/06\/10\/world-poker-tour-sold-for-78-million-to-element-partners\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/luckcasinonodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"World Poker Tour Sold for $78 Million to Element Partners"}]},{"@type":"WebSite","@id":"https:\/\/luckcasinonodepositbonus.icu\/#website","url":"https:\/\/luckcasinonodepositbonus.icu\/","name":"Unlock the Secrets of Winning at Our Licensed Online Casino","description":"Stay ahead of the game with our up-to-date casino news, comprehensive reviews, and informative articles. Experience the best of licensed online gambling at our trusted casino.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/luckcasinonodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/luckcasinonodepositbonus.icu\/#\/schema\/person\/abef1d02630238976c6b2e6eb0258ff2","name":"Daniel \"Dice\" King","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/luckcasinonodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/luckcasinonodepositbonus.icu\/wp-content\/uploads\/sites\/20\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/luckcasinonodepositbonus.icu\/wp-content\/uploads\/sites\/20\/2024\/06\/man-avatar-96x96.png","caption":"Daniel \"Dice\" King"},"description":"With a Bachelor's degree in Mathematics and a Master's in Actuarial Science, this skilled writer has a deep understanding of the principles of risk assessment and probability theory. They have a keen interest in the application of actuarial methods to the pricing and design of casino games and betting systems. Their articles and news pieces provide readers with a unique perspective on the role of risk management in the gambling industry and the strategies used by casinos to maintain profitability.","url":"https:\/\/luckcasinonodepositbonus.icu\/author\/dfjfhkhlj1468\/"}]}},"_links":{"self":[{"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/10"}],"collection":[{"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=10"}],"version-history":[{"count":1,"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/10\/revisions"}],"predecessor-version":[{"id":17,"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/10\/revisions\/17"}],"wp:attachment":[{"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=10"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=10"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luckcasinonodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=10"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}