Partypoker US Network powers the next WPT Online Borgata Series

The World Poker Tour® and the partypoker US Network are bringing you the first-ever WPT Online Borgata Series! Read more about the exciting news.

WORLD POKER TOUR® ANNOUNCES WPT® ONLINE BORGATA SERIES POWERED BY PARTYPOKER US NETWORK

Los Angeles, CA (August 25, 2020) – The World Poker Tour® is, once again, partnering with the partypoker US Network to bring the WPT® Online brand back to New Jersey for the first-ever WPT Online Borgata Series powered by partypoker US Network. This tournament series comes on the heels of a record-breaking event on the partypoker US Network in June when the first WPT Online Poker Open took place.

The WPT Online Borgata Series features more than $275,000 in preliminary and post-lim event guarantees that will take place from September 13-September 21.  The event series is highlighted by the $1,060 buy-in WPT Online Borgata Series Main Event on September 20, which will feature a live-streamed final table on September 21.

The festival showcases three of poker’s premier brands – WPT, partypoker US Network, and Borgata Poker Open  – all in a single series to bring the best of WPT and Borgata Poker Open live events to homes across New Jersey.

The series kick-off event on September 13 will be a Sunday $100,000 guaranteed No Limit Hold’em event with a $215 buy-in.  Among the highlights of the WPT Online Borgata Series include a $535 Heads Up event on September 19. The event is capped at 32 players.  As a special bonus, players that register by Wednesday, September 16 will receive their $35 registration fee back after participating in the event.  In addition, the series offers the popular Progressive Knockout Bounty tournaments.

As is customary with partypoker US Network, players may qualify into the $1,060 WPT Online Borgata Series main event for as little as $5.  Each day there are $5 qualifiers into $45 and $215 satellites to provide low investment options into the $1,060 main event.

Players may also phase into the $1,060 main event for $109.  A phase differs from a satellite as follows:  satellite winners are entered into the target event with that event’s starting chip stack; whereas Phase 1 remaining players are entered into the target event with the chip stack at the end of the Phase 1 tournament.

Players may participate in the series through either BorgataPoker.com, BetMGMPoker.com or NJ.PartyPoker.com, and must physically be in New Jersey to register and play in the series.

“WPT and partypoker US Network have created a unique festival for players of all bankrolls across New Jersey to compete in a weeklong series that combines the best of the live and online realm,” said Angelica Hael, VP of Global Tour Management for the World Poker Tour.

WPT Executive Tour Director, Matt Savage added, “Live tournament series at Borgata have been a staple of New Jersey poker for many years and the WPT has worked alongside the partypoker US Network team to bring the best assets of the live product into this online series including WPT-level structures, quality side events, and satellites for the main event.”

“partypoker US Network continues to identify opportunities to provide the best online poker experience for our players.  We are proud to expand our relationship with the World Poker Tour and provide players across New Jersey with another state-of-the-art offering,” said Ray Stefanelli, Director of Poker for partypoker US Network. “The WPT Online Borgata Series combines the live prestige of the WPT and Borgata to the online poker community across the partypoker US Network.”

For more information about the WPT Online Borgata Series powered by partypoker US Network, and for details on how to sign up for the tournament visit www.WPT.com.

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About World Poker Tour

World Poker Tour (WPT) is the premier name in internationally televised gaming and entertainment with brand presence in land-based tournaments, television, online, and mobile. Leading innovation in the sport of poker since 2002, WPT ignited the global poker boom with the creation of a unique television show based on a series of high-stakes poker tournaments. WPT has broadcast globally in more than 150 countries and territories, and is currently producing its 18th season, which airs on FOX Sports Regional Networks in the United States. Season XVIII of WPT is sponsored by ClubWPT.com. ClubWPT.com is a unique online membership site that offers inside access to the WPT, as well as a sweepstakes-based poker club available in 43 states and territories across the United States, Australia, Canada, France and the United Kingdom. WPT also participates in strategic brand license, partnership, and sponsorship opportunities. For more information, go to WPT.com. WPT Enterprises Inc. is a subsidiary of Allied Esports Entertainment, Inc.

About Allied Esports Entertainment

Allied Esports Entertainment (NASDAQ: AESE) is a global esports entertainment venture dedicated to providing transformative live experiences, multiplatform content and interactive services to audiences worldwide through its strategic fusion of two powerful entertainment brands: Allied Esports and the World Poker Tour (WPT). Allied Esports Entertainment was created in August 2019 when Black Ridge Acquisition Corp. completed its business combination with Allied Esports and WPT Enterprises.

About partypoker US Network

partypoker US Network is part of BetMGM’s Digital portfolio and powers partypoker NJ, BetMGM and Borgata Poker. BetMGM is an online gaming joint venture owned by MGM Resorts International and GVC Holdings. For more information visit www.roardigital.com.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to future results, strategy and plans of Allied Esports Entertainment, Inc. and the World Poker Tour (collectively, the “Companies”) (including certain projections and business trends, and statements, which may be identified by the use of the words “plans”, “expects” or “does not expect”, “estimated”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “projects”, “will” or “will be taken”, “occur” or “be achieved”).  Forward-looking statements are based on the opinions and estimates of management of the Companies as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements.  These risks and uncertainties include, but are not limited to, each Company’s respective revenues and operating performance, general economic conditions, industry trends, legislation or regulatory requirements affecting the business in which it is engaged, management of growth, its business strategy and plans, the result of future financing efforts and its dependence on key personnel, and the ability to retain key personnel. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  These forward-looking statements are made only as of the date hereof, and no Company undertakes any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Matt Clark

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partypoker US Network

Elisa Richardson

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Addo Investor Relations

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