WPT to change ownership; poker operations to remain unaffected

The World Poker Tour is about to experience another round of musical chairs after Ourgame International Holdings Ltd., agreed to sell WPT Enterprises and Allied Esports to the acquisition specialists Black Ridge Acquisition Corp.

The World Poker Tour (WPT) is set to undergo another change of ownership, but don’t fret, there isn’t a burnt out clutch smell to the latest wheeling and dealing.

A purpose-built acquisition company called Black Ridge Acquisition Corp. has agreed to buy the World Poker Tour (WPT) Enterprises, and Allied Esports subsidiaries of OurGame International Holdings Ltd., for a sum believed to be in the region of $150 million.

The deal will see Black Ridge, spearheaded by the Poker Hall of Famer and three-time World Series of Poker (WSOP) bracelet winner, Lyle Berman, change their name to Allied Esports Entertainment Inc., and will trade on the Nasdaq under the symbol AESE.