Allied Esports Entertainment announced the sale of its major poker brand, the World Poker Tour, to Element Partners, LLC, a move that came out of left field.

The World Poker Tour has a new owner. (Image: worldpokertour.com)

The buyer’s core focus, per the company’s website, just might be a positive sign about the future of the WPT, and the poker industry as a whole.

“Element invests at the intersection of enabling technologies and sustainable solutions in large industrial markets,” the “Our Focus” page reads.