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World Poker Tour Bidding War Ends in $105M Deal, Private Equity Beats Bally’sWritten by: Devin O’Connor

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The World Poker Tour (WPT) will be sold, pending regulatory approval, for $105 million. Allied Esports is the seller, and the buyer is Element Partners, LLC, a private equity firm based in Wayne, Pa.  A high-stakes bidding war for the WPT quickly escalated over the past month between Element and the newly formed Bally’s Corporation.
The post World Poker Tour Bidding War Ends in $105M Deal, Private Equity Beats Bally’s appeared first on Casino.org.
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