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Pauly McGuire

Bally's wants to buy WPT for $90 million, will Element Partners re-raise?

By Pauly McGuire, in Poker news

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Pauly McGuire

Pauly McGuire

DrPauly (PokerStars)
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Bally's wants to buy WPT for $90 million, will Element Partners re-raise?

Two weeks ago, news broke that Bally's Corporation put in a last-second bid to acquire the World Poker Tour from Allied eSports Entertainment for $90 million. Allied eSports, who still own the WPT, agreed to sell the WPT to investment group Element Partners for $78 million back in January. Element has until Friday to make a higher bid, otherwise Bally's will become the new owner of the WPT.

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