World Poker Tour® Announces WPT® Online Poker Open Main Tour event with partypoker US Network in December

Nov 18, 2020

WPT-OPO_Main-Tour_Web-Graphic-Hor1280x490_DEC-27-Event_WITH MT BUY-IN

Los Angeles, CA (November 18, 2020) – The World Poker Tour® is back in New Jersey on the partypoker US Network this December, this time, for the first-ever WPT® Main Tour online event in New Jersey. The $3,500 buy-in WPT Online Poker Open Main Event will take place December 27–29, 2020 on the partypoker US Network. There is a $1 million guarantee attached to the event and the winner will be crowned on a live-streamed final table on December 29.

Along with joining the exclusive WPT Champions Club, the latest WPT Champion will receive a $15,000 seat into the prestigious WPT Tournament of Champions presented by Baccarat Crystal and their name on the Mike Sexton WPT Champions Cup. As with all WPT Main Tour events, this tournament will also earn points toward the Hublot WPT Player of the Year race.

Leading up to the WPT Online Poker Open Main Event, numerous satellites will be running for players to qualify for the $3,500 buy-in tournament starting at $5.

Players are encouraged to deposit early into their account via PayPal or PayWithMyBank to ensure funds are available for the start of the event.  Players may open and deposit into their online accounts from anywhere in the US – you don’t have to wait until you are in New Jersey to open or deposit into your online account – you may do so from anywhere in the US.

The WPT Online Poker Open will, once again, partner the premier brand in poker with the premier online site for poker in New Jersey, the partypoker US Network.

Players may participate in the series through either BorgataPoker.com, BetMGMPoker.com or NJ.PartyPoker.com, and must physically be in New Jersey to register and play in the series.

“The WPT Online Poker Open brings the most prestigious prize in poker to New Jersey and the partypoker US Network,” said Adam Pliska, CEO of the World Poker Tour. “WPT’s continued pivot toward online will continue with another landmark for regulated online poker in the United States.”

“WPT Online and the partypoker US Network are pushing online poker in New Jersey and the United States to another peak with the WPT Online Poker Open Main Tour event,” said Angelica Hael, VP of Global Tour Management for the World Poker Tour. “Following back-to-back record-setting events, this $1 million guarantee will push our partnership to new heights.”

“partypoker US Network welcomes the Mike Sexton WPT Champions Cup back to New Jersey for the WPT Online Poker Open. This event promises the opportunity for players of all bankrolls to compete for the most coveted prize in poker,” said Ray Stefanelli, Director of Poker for partypoker US Network. “Come December, we look forward to welcoming players from across the US to New Jersey for a chance to compete for their share of the $1 million guarantee.”

For more information about the WPT Online Poker Open, and for details on how to sign up for the tournament visit www.WPT.com.

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.

About partypoker US Network

partypoker US Network is part of BetMGM’s Digital portfolio and powers partypokerNJ, BetMGM and Borgata Poker. BetMGM is a digital gaming joint venture owned by MGM Resorts International and GVC Holdings. For more information visit www.betmgminc.com

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.

MEDIA CONTACTS

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Matt Clark

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partypoker US Network

Elisa Richardson

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Investor contact:

Lasse Glassen

Addo Investor Relations

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