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Tag: NASDAQ: AESE

  • Allied Esports Inc. (AESE) stock is soaring in current market trading. Here’s to know why:

    Allied Esports Inc. (AESE) stock is soaring in current market trading. Here’s to know why:

    Allied Esports Inc. (NASDAQ: AESE) stock rises by 4.31% during the current market trading session. Following this rise in stock, there is no recent news available. Through the strategic merger of two strong brands, Allied Esports and the World Poker Tour (WPT), Allied Esports Entertainment, Inc. (NASDAQ: AESE) is a worldwide pioneer in esports entertainment, offering groundbreaking infrastructure, transformative live events, multiplatform content, and digital services to audiences worldwide.

    What is happening?

    Allied Esports, a subsidiary of Allied Esports Entertainment Inc. is known for its global recognition as an esports entertainment company has announced a three day esports event with Brookfield Properties that is also a big name in real estate business. The event is happening on March 26-28 at Brookfield’s First Colony Mall in Sugar Land, Texas.

    For the first time, Allied Esports is taking its famous “Saturday Night Speedway” presenting Mario Kart 8 Deluxe experience out of the desert and onto the streetsin which they are offering a chance for its fans to make their way to the top of the leaderboard which will help them win a paid trip to HyperX Esports Arena Las Vegas to compete on the main stage.

    Other recent events

    On March 16, AESE made an announcement about the revised proposal from Bally’s Corporation. AESE said that their Board of directors and the legal and financial advisors of AESE have concluded that the revised proposal comprises a “Superior Proposal” under Allied Esports’s pending stock purchase agreement with Element Partners, LLC.

    The revised plan calls for Bally to buy out all of the equity interests in Club Services, Inc. (“CSI”), which is an indirect wholly-owned subsidiary of Bally that is bound to manage Bally’s poker-related business and properties, including the companies that make up the World Poker Tour, for $90 million in cash at the closing.

  • Is Allied Esports Entertainment Inc.’s (AESE) fundamentals good enough to deliver an outperformance?

    Is Allied Esports Entertainment Inc.’s (AESE) fundamentals good enough to deliver an outperformance?

    The performance of AESE so far this year rests at 58.23%. Charts for the past week and month show a gain of 17.92% and 22.55% respectively for the stock’s price.

    Allied Esports Entertainment, Inc. (NASDAQ: AESE) offers audiences worldwide a transformative live experience with multiplatform content and interactive services thanks to its strategic merging of two powerful entertainment brands: Allied Esports International, Inc. (Allied Esports) and the World Poker Tour (WPT).

    Most recent Developments

    AJanuary 19, 2021, Allied Esports Entertainment, Inc. has disclosed a definitive agreement with Element Gaming under which the latter will acquire the Company’s poker-related assets, including the World Poker Tour entities.

    In accordance with the contract, World Poker Tour will be acquired by Element for a total of $78,250,000, comprised of a $68,250,000 upfront payment and a fully guaranteed 5 % revenue share of tournament entry fees on Element’s gaming platforms, reached a maximum of $10 million.

    January 13, 2021, Allied Esports a subsidiary of Allied Esports Entertainment, Inc. (NASDAQ: AESE) and HyperX made the news by renewing their exclusive name-rights agreement on their global flagship property, HyperX Esports Arena Las Vegas, located at the Luxor Hotel & Casino.

    December 17, 2020, Allied Esports, a subsidiary of Allied Esports Entertainment Inc., has partnered with Trovo to hold three $10,000 mobile esports tournaments featuring popular Battle Royale games– Fortnite, PLAYERUNKNOWN’S BATTLEGROUNDS (PUBG) Mobile and Call of Duty Mobile – starting December 20, 2020.

    Finally,

    Based on Wall Street broker comments on the expected price targets for this stock, we can see that 1 analyst have offered their price targets for AESE. The consensus price objective is $3.00. In the event that the share price goes down, analysts have set the share’s price value at $2.50, the high and a low, respectively. In addition, analysts believe Allied Esports Entertainment Inc.’s stock will trade at a discount of 1.50 in the next 12 months.