Element Partners raises bid to $105 million to acquire WPT

[Pauly McGuire DrPauly (PokerStars) Clubber Holothurianism: +36 % 1,482 posts]

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Element Partners raises bid to $105 million to acquire WPT

It's been a wild ride following the big to buy the World Poker Tour. A raising war broke out to buy the WPT between Element Partners and Bally's. In one corner, there's the unknown entities making up Element and their current bid is up to $105 million. In the other corner, Bally's is well-known gambling brand that operates casinos and racetracks across America. Bally's previously bid $90 million, but now they must decide if they want to make a higher bid for the WPT.

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