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Allied Esports Entertainment Inc - AESE STOCK NEWS

Welcome to our dedicated news page for Allied Esports Entertainment (Ticker: AESE), a resource for investors and traders seeking the latest updates and insights on Allied Esports Entertainment.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allied Esports Entertainment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allied Esports Entertainment's position in the market.

Rhea-AI Summary
Allied Gaming & Entertainment, Inc. (AGAE) has announced a strategic investment in Beijing Lianzhong Zhihe Technology Co. (Zhihe), a mobile games developer and operator. AGAE will assume a controlling interest in the Board and become the Company’s largest shareholder. Zhihe has rapidly emerged as a trailblazing mobile games developer, generating revenue of approximately $10 million in 2022 and showing positive results in key financial areas. The acquisition is expected to close by the end of September 2023.
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Rhea-AI Summary
Allied Gaming & Entertainment announces Q2 2023 financial results, with revenues of $3.3 million, up 182% YoY. The company also reveals restructuring and owns three subsidiaries. Costs and expenses decreased by 2.4%. Net loss for Q2 2023 was $0.7 million, a significant improvement from the prior year. The company has a cash position of $82.2 million.
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Allied Esports Entertainment Inc

Nasdaq:AESE

AESE Rankings

AESE Stock Data

54.32M
14.92M
56.04%
20.71%
0.31%
Theater Companies and Dinner Theaters
Arts, Entertainment, and Recreation
Link
US
Irvine

About AESE

Allied Esports Entertainment, Inc. is a global leader in esports entertainment, providing innovative infrastructure, transformative live experiences, multiplatform content and interactive services to audiences worldwide through its strategic fusion of two powerful brands: Allied Esports and the World Poker Tour (WPT).