At first, Element agreed to take over the assets for $78.3 million, which was later approved by the board of directors at Allied, and was waiting upon the approval of...
The firm’s board of directors also consulted with their legal and financial advisors, and went on to compare the conditions of this revised deal to those of the offer they...
The company also noted that its board consulted with its advisors, both financial and legal, and has decided to go for the Bally’s proposal made a few weeks ago.
The chief executive of Allied Esports, Jud Hannigan, stated: “We are thrilled to extend this landmark alliance as we work together to continue delivering exciting experiences...