AESE Stock Price, News & Analysis

Allied Esports Entertainment (NASDAQ: AESE) is set to showcase the Allied Esports Truck at the Goodyear Cotton Bowl Classic on December 31 at AT&T Stadium, Arlington, TX. This event will feature a unique eNASCAR Arcade activation with iRacing simulators, offering fans an engaging racing experience. The event is free for Cotton Bowl ticketholders and will occur between 11:30 a.m. and 2:30 p.m. CST. The Allied Esports Truck has previously participated in significant NASCAR events, returning to the circuit after an eight-month hiatus due to COVID-19.

Allied Esports Entertainment (AESE) reported a strong third quarter for 2021, with revenues soaring to $1.7 million, reflecting a 182% increase year-over-year. This surge was mainly attributed to the resumption of in-person events and increased traffic at its HyperX Esports Arena in Las Vegas. The company also improved its liquidity by selling the World Poker Tour for $105 million. However, despite this growth, AESE reported an adjusted EBITDA loss of $3.0 million, indicating ongoing challenges in profitability. The company is exploring strategic options for its esports business and has appointed new leadership to enhance growth.

Allied Esports Entertainment (NASDAQ: AESE) will report its third quarter 2021 financial results on November 22, 2021, after market close. A conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results, accessible by dialing 1-877-407-0792 in the U.S. or 1-201-689-8263 internationally. A webcast will be available on their Investor Relations site. A replay will be available until December 6, 2021. For more details, visit ir.alliedesportsent.com.

Allied Esports Entertainment (NASDAQ: AESE) announced a postponement of its third quarter earnings conference call initially set for today, due to a need for additional time to evaluate accounting for certain transactions. The company will submit a Notification of Late Filing to the SEC regarding its Form 10-Q for the quarter ending September 30, 2021, which was due on November 15, 2021. The company aims to file the report by November 22, 2021. The rescheduled call details will be announced later.

Allied Esports Entertainment (NASDAQ: AESE) announced significant changes to its Board of Directors and management team. On November 5, 2021, Alexander Misch resigned, and Jerry Qin was appointed as a Class B Director on November 11, 2021. Qin's background includes key roles at Tencent and TripAdvisor. Lyle Berman was named President, with a focus on managing investor relations and the sale of the Esports division. Yinghua Chen became Chief Investment Officer, and Adam Pliska will consult on acquisitions. These changes aim to enhance strategic direction and shareholder value.

Allied Esports Entertainment (NASDAQ: AESE) is set to host the first-ever UNO Championship Series Invitational Tournament on November 11 at HyperX Esports Arena Las Vegas. The event, featuring host Tyler “Ninja” Blevins, will be live-streamed on UNO's TikTok channel, showcasing finalists competing for a $50,000 prize. The tournament, marking UNO's 50th anniversary, has seen nearly 2 million participants in prior matches this summer, creating a significant buzz in the gaming community.

Allied Esports Entertainment, Inc. (NASDAQ: AESE) announced it will release its third quarter 2021 results after market close on November 15, 2021. A conference call to discuss the results is scheduled for 2:00 p.m. PT / 5:00 p.m. ET. Participants can join by calling 1-877-407-0792 (US) or 1-201-689-8263 (international). A live webcast will be available on the company's Investor Relations site. A replay will be accessible until November 29, 2021, with dial-in options provided.

Allied Esports Entertainment, Inc. (NASDAQ: AESE) announced the adjournment of its Annual Meeting of Shareholders on October 14, 2021, due to the absence of a quorum. The meeting will be reconvened at a later date to be determined by the Board of Directors, allowing more time to solicit proxies for quorum requirements. A press release will follow to announce the new date and time.

Allied Esports Entertainment, Inc. (NASDAQ: AESE) has appointed Roy Anderson as its new Chief Financial Officer, effective immediately. Anderson succeeds Anthony Hung, who resigned last month. With over 25 years of experience in financial management and expertise in the Technology, Media, and Telecommunications sectors, Anderson is expected to strengthen AESE's financial and strategic operations. He previously held a partner position at Mazars USA and is a certified public accountant. The appointment aligns with AESE's ongoing exploration of mergers and acquisitions.