Lyle Berman Re-Enters: His Vision For The World Poker Tour And Esports

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The World Poker Tour made some news last month as the tour announced it had been acquired by the Black Ridge Acquisition Corporation under a new company that includes an esports brand as well. What may have been unexpected was the return of Lyle Berman, a co-founder of the WPT and a member of the Poker Hall of Fame.

Chinese gaming company OurGame acquired the WPT in 2015 for $35 million and as part of the new deal, OurGame’s global esports brand Allied Esports International has also been acquired under one new umbrella. The combined company will be renamed Allied Esports Entertainment. Along with combining some synergy between the WPT and Allied Esports, the new company is expected to create a rare stock market offering in the poker world. Allied is expected to trade on the NASDAQ Capital Market under the ticker symbol “AESE.”

Berman serves as Black Ridge director, and is expected to be Allied’s chairman of the board upon officially closing of the transaction. Adam Pliska will continue to serve as CEO of the WPT and become the president of AESE. Along with his Allied/Black Ridge roles, Berman also serves as a director of Golden Entertainment, which manages several...

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from Safest Online Poker Real Money https://www.uspoker.com/blog/lyle-berman-world-poker-tour/25345/
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