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Allied Esports Entertainment Inc (NYSE:AESE)

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Allied Esports sports entertainment company that produces high-profile events around the world. During the first quarter of 2019, Allied Esports produced 92 events, including 68 proprietary and 24 third-party events. The events were held across North America and Europe. In addition, Allied Esports produced ELEVATED Presented by Progressive Insurance, Tyson Foods, and HyperX, a new live event on Twitch that aims to give streamers more exposure. In the first quarter, this program delivered over 10 million live and 3 million VOD views.

Allied Esports Entertainment, Inc. provides innovative infrastructure, transformative live experiences, and multiplatform content and interactive services for the global video gaming community. The company operates through three segments: gaming, esports, and entertainment. The company is headquartered in New York. Allied Esports provides high-end video game competitions in the form of live and online tournaments. With these events, Allied Esports creates memorable experiences for its viewers and fans.

With a $72 million market cap and over $91 million in cash on its balance sheet, Allied Esports has been looking for mergers and acquisitions to grow its business. However, the company’s recent EPICBEAST NFT launch is not exactly a success, with investors looking to find new growth opportunities.

Allied Esports Entertainment is a leading global esports company that offers transformative live experiences, interactive services, and esports venues. Its portfolio includes a gaming arena in Las Vegas, and a mobile esports truck that serves as a battleground for esports events.

The company is listed on the Nasdaq under the ticker symbol AESE. It purchased Allied Esports International and WPT Enterprises for $118 million. The transaction involved new shareholders who put their money into the new AESE company. The new shareholders are Simon and Black Ridge, which own shopping and dining destinations. Allied Esports Entertainment is based in Irvine, California.

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