AESE Stock Price, News & Analysis

Allied Esports, a global esports entertainment company and subsidiary of Allied Esports Entertainment (NASDAQ: AESE), has partnered with ViewSonic as the Official Gaming Monitor and Official Streamer Room Partner at HyperX Esports Arena Las Vegas. ViewSonic will supply 27-inch ELITE™ XG270 monitors and 50-inch 4K displays for the arena and its streamer room. The partnership includes extensive branding opportunities for ViewSonic throughout the venue, enhancing the gaming experience for visitors. The new monitors were unveiled during the 100th edition of Saturday Night Speedway.

Allied Esports Entertainment (NASDAQ: AESE) reported first-quarter 2021 revenues of $0.5 million, a 53% decline compared to the same quarter in 2020 due to decreased in-person events amid the pandemic. The company reduced costs and expenses to $5.4 million, a 43% decrease year-over-year. Loss from continuing operations improved to $5.0 million from $9.1 million the previous year. AESE also announced the sale of its World Poker Tour for $105 million and showcased strong advances in online content, generating a 59% increase in live views compared to Q4 2020.

Allied Esports Entertainment (NASDAQ: AESE) will release its first quarter 2021 financial results on May 24, 2021, after market close. The Company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results. Interested participants may join via phone or through a live webcast on their Investor Relations website. A replay of the call will be available until June 7, 2021, for those unable to attend. Allied Esports is a leader in esports entertainment, merging technology and live experiences through its Allied Esports and World Poker Tour brands.

Allied Esports, a global esports entertainment company and subsidiary of Allied Esports Entertainment (NASDAQ: AESE), has signed a multiyear agreement with MuxIP for distributing hundreds of hours of esports content across various OTT platforms. The deal includes more than 250 hours of competition broadcasts from the HyperX Esports Arena Las Vegas and international tournaments, featuring events like the VIE.gg CS:GO Legend Series. This move aims to expand audience reach and capitalize on the growing demand for esports content.

Allied Esports, a subsidiary of Allied Esports Entertainment (NASDAQ: AESE), has partnered with Trovo to launch the Trovo Titans esports tournament series. This program spans North America, Latin America, and Europe, featuring over 100 events and 280 competitive days in 2021. With a total prize pool of $250,000, players can earn Titan Points through participation and performance. The series aims to engage the gaming community and includes opportunities for aspiring casters. This collaboration follows a successful previous event, the Trovo Holiday Royale.

Allied Esports Entertainment, Inc. (NASDAQ: AESE) reported preliminary unaudited financial results for Q4 and full year 2020. Q4 revenues were $0.9 million, a 52% decrease year-over-year, attributed to reduced in-person events but offset by $0.2 million from Multiplatform Content. Total costs surged 135% to $16.6 million. The company experienced a loss from continuing operations of $19.7 million. For the full year, revenues fell 57% to $3.2 million, leading to a $46.5 million loss. Despite these challenges, management is optimistic about recovery due to vaccine distribution.

Allied Esports Entertainment (NASDAQ: AESE) has amended its stock purchase agreement with Element Partners, LLC, increasing the sale price of its poker-related business, the World Poker Tour (WPT), from $90.5 million to $105 million. The amendment was unanimously approved by the Company's Board of Directors after they evaluated a competing offer from Bally's Corporation, deciding it did not qualify as a 'Superior Proposal'. The transaction is expected to close in late April 2021, pending shareholder and regulatory approvals.

Allied Esports Entertainment (NASDAQ: AESE) will release its fourth quarter and full year 2020 financial results on March 31, 2021, after market close. A conference call to discuss the results is scheduled for the same day at 2:00 p.m. PT / 5:00 p.m. ET. Participants can join by calling 1-877-407-0792 or 1-201-689-8263 for international calls. The call will also be accessible via a live webcast on the company's Investor Relations site. A telephonic replay will be available until April 14, 2021. Allied Esports is a leader in esports entertainment.

Allied Esports Entertainment (NASDAQ: AESE) announced that its Board of Directors has deemed a proposal from Bally’s Corporation as a "Superior Proposal" under a pending stock purchase agreement with Element Partners. Bally's aims to acquire Club Services, Inc. for $105 million in cash. The Company has notified Element of its intent to terminate their agreement unless revised terms are negotiated. Bally's initial offer was $100 million, which increased after discussions. No assurance exists that a definitive agreement will be reached with Bally's.