The deal between Allied Esports Entertainment, Bally’s Corporation and Element Partners has reached a new twist.
In the recent announcement, it has been confirmed by the Allied Esports that it has signed a revised stock purchase agreement with Element Partners.
Earlier, the Allied was set to sign the deal with Bally’s Corporation which was offering $100 million as opposed to $68 million offered by Element Partners.
Now the new twist in the deal, which would entail Allied Esports selling sell all of its capital stock of each legal entity that engages in poker-related business to Element Partners has amused the gambling fraternity.
According to Gambling Insider report, the revised agreement will increase the overall purchase price from the original $68.25m to $90.5m, while the initial deposit price rises from $4m to $10m.