Sep 23, 2020
Los Angeles, CA (September 23, 2020) – The World Poker Tour® takes another step forward in its global reach of online poker events with the announcement of WPT® Online India Powered by Adda52.com.
The series will take place from November 5-22 and includes 154 events totaling INR 135 million ($1.838 million) in guarantees and is highlighted by the INR 25 million ($340,000) guaranteed WPT Online India Main Event.
The WPT Online India Main Event starts on November 11, features 10 starting flights, and a buy-in of INR 11,000 ($150). The winner of this event will receive a $5,000 WPT Passport to be used at any live WPT event around the globe. In addition, the Main Event champion earns a prestigious Hublot Classic Fusion Chronograph Titanium timepiece, valued at $10,400.
Also on tap for the series is a Mega Player of the Series Leaderboard that includes INR 2.5 million in prizes ($34,000) and the winner will earn INR 1 million ($13,600). 29 pre-selected events will qualify for the leaderboard with buy-ins of up to INR 55,000 ($750) to play for.
There is also a Mini Player of the Series leaderboard with the additional 125 events eligible and INR 1 million awarded to the top-10 including INR 300,000 ($4,083) to the champion.
On November 22, there will be a special event to commemorate the memory of Mike Sexton. The Mike Sexton Tribute event will start at 8:00 pm local time and all entry fees for the event will be donated to Poker Gives. The INR 11,000 buy-in event will feature a trophy for the winner and a $1,000 WPT Passport.
“The World Poker Tour is pleased to be joining forces with Adda52 once again to extend our partnership into the online realm,” said Angelica Hael, VP of Global Tour Management for the World Poker Tour. “The WPT Online brand now advances to another thriving market and we look forward to a great series with the Indian online community.”
“Adda52 and the growing Indian player base make for a perfect combination to bring WPT Online brand to the Asia-Pacific region,” added Danny McDonagh, Live Events Specialist for the World Poker Tour. “Following our record-breaking success with live WPT India events, we expect to exceed even our own expectations for the upcoming series.”
“The WPT Online venture continues to grow as part of our overall online strategy which we have found effective across the global market,” said Adam Pliska, CEO of the World Poker Tour. “This series comes on the heels of our successful WPT Online series in other parts of the world and we are pleased to be working with Adda52 come November.”
“The WPT has built a great relationship with the Indian poker community and we’re proud to have them as our partners,” said Pratap Pandit VP Online Operations, Delta Corp. “The reach and accessibility of this year’s online series is really exciting and the festive season of Diwali is the perfect setting for it.”
“It been a learning experience working with the World Poker Tour in India with the live series,” said Manish J. Adnani Business Head – Poker, Delta Corp. “We expect to continue setting higher standards for online poker in the Indian Sub-continent, rollout a memorable experience on Adda52.com and offer the Indian players a platform to achieve glory at the world stage.”
WPT is a subsidiary of Allied Esports Entertainment, Inc. (NASDAQ: AESE). For more information, including World Poker Tour event schedules and the tour’s latest news, visit WPT.com.
WPT Media Contact
Matt Clark – [email protected]
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.
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.
Investor Contact: Lasse Glassen
Addo Investor Relations
©2020 WPT Enterprises, Inc. All rights reserved.
WPT, World Poker Tour and Spade Card Design are registered trademarks of WPT Enterprises, Inc. All rights reserved