World Poker Tour® and ClubWPT™ Announce $200,000 ClubWPT TV Challenge

Nov 3, 2020

Los Angeles, CA (November 3, 2020) – World Poker Tour® and ClubWPT™ are unveiling another major tournament for ClubWPT VIP subscribers, with a broadcast final table in Las Vegas at the finish line.

The $200,000 ClubWPT TV Challenge starts this November on ClubWPT and will play down to six finalists competing for a $50,000 first-place prize at HyperX Esports Arena Las Vegas that is scheduled to be broadcast across WPT®’s multiple platforms.

HyperX Esports Arena Las Vegas has been the home of WPT TV final tables since Season XVII, with seven WPT Champions crowned, including two WPT Tournament of Champions winners. The arena also hosted the ClubWPT Challenge the Champs TV special won by WPT Champions Club member Scotty Nguyen.

ClubWPT will host monthly finals from November 2020-April 2021 on the last Sunday of the month on the WPT’s official home for online poker where users can play for no purchase necessary. The monthly finals will feature limited fields comprised of 500 players from ClubWPT VIP and Diamond members. Qualifiers for the finals will run all month on ClubWPT, giving ClubWPT subscribers numerous opportunities to advance.

All players who win their seat to Las Vegas will be guaranteed at least $10,000 in prize money and will also receive a $3,000 travel package.

The $200,000 ClubWPT TV Challenge follows up on the success of previously televised ClubWPT programming including ClubWPT Challenge the Champs and King of the Club Challenge.

“WPT’s online pivot continues heading into 2021 and this new initiative on ClubWPT will allow us to offer the same quality WPT experience online, similar to what players have come to expect from a live WPT event,” said Adam Pliska, CEO of the World Poker Tour.

“The World Poker Tour is pleased to give six players the opportunity of a lifetime to play at a WPT final table,” said Jeremy Clemons, VP of Online Services of the World Poker Tour. “ClubWPT continues to expand its prize pools for our loyal players and the $50,000 first-place prize marks the largest in ClubWPT history.”

“ClubWPT programming is a staple of WPT’s ever-expanding content library and the $200,000 ClubWPT TV Challenge provides another asset to our many broadcasting platforms,” said Johnny McMahon, VP of WPT Studios. “WPT looks forward to distributing this exciting content to WPT fans around the globe who can watch from the comfort of home.”

To learn more about participating in the $200,000 ClubWPT TV Challenge, you can click here for location eligibility details: https://www.clubwpt.com/200k-clubwpt-tv-challenge/

WPT is a subsidiary of Allied Esports Entertainment, Inc. (NASDAQ: AESE). For more information about the World Poker Tour, visit WPT.com.

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About World Poker Tour

World Poker Tour (WPT) is the premier name in internationally televised gaming and entertainment with brand presence in land-based tournaments, television, online, and mobile. Leading innovation in the sport of poker since 2002, WPT ignited the global poker boom with the creation of a unique television show based on a series of high-stakes poker tournaments. WPT has broadcast globally in more than 150 countries and territories, and is currently producing its 18th season, which airs on FOX Sports Regional Networks in the United States. Season XVIII of WPT is sponsored by ClubWPT.com. ClubWPT.com is a unique online membership site that offers inside access to the WPT, as well as a sweepstakes-based poker club available in 43 states and territories across the United States, Australia, Canada, France and the United Kingdom. WPT also participates in strategic brand license, partnership, and sponsorship opportunities. For more information, go to WPT.com. WPT Enterprises Inc. is a subsidiary of Allied Esports Entertainment, Inc.

About Allied Esports Entertainment

Allied Esports Entertainment (NASDAQ: AESE) is a global esports entertainment venture dedicated to providing transformative live experiences, multiplatform content and interactive services to audiences worldwide through its strategic fusion of two powerful entertainment brands: Allied Esports and the World Poker Tour (WPT). Allied Esports Entertainment was created in August 2019 when Black Ridge Acquisition Corp. completed its business combination with Allied Esports and WPT Enterprises.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to future results, strategy and plans of Allied Esports Entertainment, Inc. and the World Poker Tour (collectively, the “Companies”) (including certain projections and business trends, and statements, which may be identified by the use of the words “plans”, “expects” or “does not expect”, “estimated”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “projects”, “will” or “will be taken”, “occur” or “be achieved”).  Forward-looking statements are based on the opinions and estimates of management of the Companies as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements.  These risks and uncertainties include, but are not limited to, each Company’s respective revenues and operating performance, general economic conditions, industry trends, legislation or regulatory requirements affecting the business in which it is engaged, management of growth, its business strategy and plans, the result of future financing efforts and its dependence on key personnel, and the ability to retain key personnel. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  These forward-looking statements are made only as of the date hereof, and no Company undertakes any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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