Welcome to our dedicated page for AESE news (Ticker: AESE), a resource for investors and traders seeking the latest updates and insights on AESE stock.
Allied Esports Entertainment, Inc. (NASDAQ: AESE) drives innovation in competitive gaming and entertainment through its Allied Esports and World Poker Tour brands. This page delivers official news updates, financial disclosures, and strategic developments for stakeholders tracking the company’s global esports leadership.
Access curated press releases covering earnings reports, tournament announcements, and partnership expansions. Stay informed about initiatives like the ELEVATED content series and operational milestones such as the HyperX Arena Las Vegas operations. Investors will find updates on acquisitions, including mobile gaming investments, and corporate performance metrics.
Content is organized for quick scanning, with clear categorization of financial filings, event schedules, and partnership news. Bookmark this page to monitor Allied Esports’ growth in live event production, content distribution, and global market expansion. Check back regularly for real-time updates directly from corporate sources.
Allied Esports, a subsidiary of Allied Esports Entertainment (NASDAQ: AESE), has partnered with the American Red Cross to host the first Rescue Royale charity esports tournament. This initiative aims to engage the gaming community for disaster relief fundraising. Participants can join a month-long stream-a-thon and compete in a tournament on October 16 at HyperX Esports Arena, Las Vegas. Donations during this event will support disaster relief efforts, as the Red Cross responds to over 60,000 disasters yearly, helping those affected by crises.
Allied Esports Entertainment, Inc. (NASDAQ: AESE) reported a 65% quarter-over-quarter revenue growth for Q2 2021, totaling $0.8 million, driven by increased in-person events post-COVID-19. The company completed the sale of the World Poker Tour for $105 million, significantly enhancing liquidity with over $100 million in cash. Operating losses narrowed to $4.3 million vs. $10.7 million year-over-year. CEO Libing Wu highlighted ongoing developments in the esports sector and announced AE Studios launch for original content production. Future strategic explorations for esports business are underway.
Allied Esports, a subsidiary of Allied Esports Entertainment (NASDAQ: AESE), reported significant viewer engagement with 13.4 million live views and 7.6 million unique views on Twitch since November 2020. The company added 46,752 Twitch followers and expanded its distribution through four new OTT streaming services via MuxIP. Allied Esports continues to deliver diverse esports content, featuring well-known games and events. It operates the HyperX Esports Arena in Las Vegas and is recognized for its innovative contributions to the esports entertainment sector.
Allied Esports Entertainment (NASDAQ: AESE) will report its second quarter 2021 results on August 16, 2021, after market close. A conference call to discuss the results will take place at 2:00 p.m. PT / 5:00 p.m. ET. Participants can join by dialing 1-855-327-6837 (US) or 1-631-891-4304 (international). The call will also be available via live webcast on the Company’s Investor Relations site. A telephonic replay will be accessible until August 30, 2021. For more details about the company and its services, visit alliedesports.gg.
Allied Esports, a global esports entertainment company, has partnered with NASCAR to bring gaming experiences to racing fans in 2021 through the Allied Esports Truck, a unique 18-wheel gaming arena. The tour will visit seven NASCAR Cup Series races, starting August 6-8 in Watkins Glen, NY, and concluding November 4-7 in Phoenix, AZ. Fans can participate in gameplay featuring popular games and have a chance to experience a demo of the new NASCAR 21 video game. This collaboration aims to integrate gaming into the racing experience, potentially attracting new audiences.
Allied Esports Entertainment (NASDAQ: AESE) announced the resignation of CEO Frank Ng, effective July 13, 2021. Libing (Claire) Wu has been appointed as the new CEO, President, and General Counsel. Ms. Wu, formerly an Independent Director, brings over 15 years of legal and corporate experience. The Board emphasized her crucial role in navigating the transition following the World Poker Tour sale. Wu expressed her commitment to driving growth and results for shareholders.
Allied Esports Entertainment (NASDAQ: AESE) announced the sale of the World Poker Tour (WPT) to Element Partners for $105 million. This sale was approved by stockholders on July 1, 2021, and involves all entities operating the WPT's poker-related business. Following this transaction, AESE will concentrate on expanding its esports business with additional cash resources from the sale. CEO Frank Ng emphasized this as a significant opportunity for growth and innovation.
Allied Esports, a leader in esports entertainment and a subsidiary of Allied Esports Entertainment (NASDAQ: AESE), has launched AE Studios. This new division focuses on original content development and production services beyond esports tournaments. AE Studios aims to leverage its digital content experience and production facilities in Las Vegas and Hamburg to create projects across various industries, including gaming and entertainment. Its inaugural project, CelebriTee Showdown, is set to stream on Twitch Sports, featuring celebrities competing in golf games.
Allied Esports Entertainment, Inc. (NASDAQ: AESE) announced that its virtual Special Meeting of Stockholders, initially set for June 28, 2021, was adjourned due to lack of quorum. The meeting will reconvene on July 1, 2021, to enable stockholders to vote on crucial proposals, including the sale of Club Services, Inc. to Element Partners, LLC. Stockholders of record as of May 27, 2021, can participate and vote online or by proxy. Updated proxy materials are accessible on the SEC website.
Allied Esports Entertainment (NASDAQ: AESE) announced a Special Meeting on June 28, 2021, to vote on the sale of 100% of Club Services, Inc. (CSI) to Element Partners, LLC. CSI manages the company's poker-related assets. The agenda includes a proposal to adjourn the meeting if needed. Ourgame International, AESE's largest stockholder, with a 30.6% stake, must approve the sale at its extraordinary general meeting on June 30, 2021. If AESE lacks sufficient votes on the 28th, the meeting will be postponed until after the Ourgame Meeting.
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