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Loeb Advises on $105 Million Acquisition of World Poker Tour and Other Poker-Related Business and Assets

Loeb & Loeb provided transactional advice and guidance in connection with Element Partners, LLC’s $105 million acquisition of the poker-related business and assets, including the entities comprising the World Poker Tour, from Allied Esports Entertainment, Inc. 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. WPT ignited the global poker boom in 2002 with the creation of its iconic television show, now in its 18th season, based on a series of high-stakes poker tournaments.

More information can be obtained from the company's press release.

The Loeb & Loeb deal team advising on the matter was led by Steve Hurdle, Terry Allen, Manish Antani and Ryan Kashfian, with support from attorneys Marla Aspinwall, Amir Azaran, Kristin Bacchus, Robert Barry, Christopher Binns, Sunny Brenner, Marina Casani, Angela Dowd, Daniel Frohling, Michael Fung, Tatyana Gilles, Melaina Jobs, David Khanjyan, Dimitry Krol, Jeffrey Kung, Tiffany Moseley, Ryan Raccuia, Jennifer Savitt, Shahrooz Shahnavaz, Kimberly Stallworth, Lauren Williams and Priscilla Wong. Jeff Ifrah of Ifrah Law provided gaming regulatory advice and guidance.