• Wpt Borgata Winter Poker Open Satellite Qualifier 2020
• Wpt Borgata Winter Poker Open Satellite Qualifiers

The WPT Online Poker Open may be a first for the US market, but it follows on the heels of a similar, larger series on partypoker’s international network. The two companies joined forces in May to offer a series of 54 events with $35 million in combined guarantees.

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.

Wpt Borgata Winter Poker Open Satellite Qualifier 2020

• ClubWPT qualifier Edward Auh tells Melissa about his time here at the Borgata Winter Poker Open. Want a slice of the action? Play poker and win a seat for the next tournament here: https://www.
• Partypoker qualifier Joey 'The Mush' Galazzo explains to Melissa how he made it to the WPT Borgata Winter Poker Open. Want a slice of the action? Play poker and win a seat for the next tournament here: https://www.clubwpt.com.

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.

MEDIA CONTACTS

World Poker Tour

Matt Clark

partypoker US Network

Elisa Richardson

Investor contact:

Lasse Glassen

Addo Investor Relations

424-238-6249

©2020 WPT Enterprises, Inc. All rights reserved.

Wpt Borgata Winter Poker Open Satellite Qualifiers

WPT, World Poker Tour and Spade Card Design are registered trademarks of WPT Enterprises, Inc. All rights reserved.

The partypoker US network has launched an aggressive new promotion “Bonus Tournament Dollars” to accompany the ongoing WPT Borgata Online series, giving away hundreds and thousands in tournament dollars to players who participate in the series.

Any player who enters three to five events will receive a $100 in bonus and $500 if they play between six to nine events.

Players who play every event in the WPT Borgata Online series will receive quite a generous amount of $1000.

The bonus amount is valid only on first entry into each event, so players’ second or subsequent re-entries do not count for eligibility. Satellites and qualifiers have also been excluded.

These tournament dollars cannot be withdrawn or used at cash tables but can be used for real moneyplay in all tournaments including sit and go’s available on the partypoker US network.

The promotion is open to all New Jersey players on the partypoker US network, comprising partypoker NJ, Borgata Poker and BetMGM NJonlinepoker rooms all sharing the same player pool.

Players have until the end of the series to take full advantage of the promotion which concludes on September 21.

Bonus Tournament Dollars Promotion Offers Up to 35% Return on the Total Buy-ins

Indeed, the promotion is quite generous as players can receive up to 35% return on the total buy-ins spent in the series.

For instance, a player who plays ten tournaments will have to spend a minimum of $2894 (counting only one bullet per event). In return, the network will reward that player $1000, so almost a 35% return of the total buy-ins and rakeback equivalent to over 500%.

Even a player who only plays three events will receive about 15% of the total buy-ins spent (assuming they play all $215 buy-in events).

partypoker US Network Bonus Tournament Dollars

The promotion seeks to reward tournament grinders and also increase the participation in the first-ever WPT Borgata online series running in place of the Borgata Poker Open live tournament series that usually runs every year at Borgata Resorts & Casino in Atlantic City*, New Jersey.

But with the ongoing impact of the cronavirus, the live poker tournament scene has yet to return in the US, and organizers are moving their events online including the World Poker Tour.

The WPT Borgata Online series features over $275,000 in guaranteed prize money. Eleven events are part of the schedule including a $1060 buy-in WPTOnline Borgata Series Main Event played as a Phase event.

The series kicked off last Sunday with a $100,000 guaranteed NLHE event. The $215 buy-in opening event attracted 495 entrants, falling just $1000 short of its guarantee to create an overlay. Event #2, a rebuy/add-on event, gathered nearly 100 entries to smash its $10k guarantee, adding $23,500 to the total prize pool.

Nine more events remain on the schedule, so players have enough opportunities to cash in as well as earn extra in tournament dollars.

In addition to the tournament dollars promotion, the partypoker US network is also offering an early-bird special promotion on the $535 buy-in Heads-Up event, running on September 19. The promotion offers full rakeback to those who register two days ahead of the start of the event.

However, the event is capped at 32 entries, and at the time of writing, each of them has been filled up, so keep an eye on the tournament lobby to see if any player opts to unregister.

Daily Login Promotion Spin the Wheel

Another promotion that is currently run by the network is the new Spin the Wheel – a daily login promotion. All players have to do is log in to earn a chance to win big prizes.

Every day they log in, players receive one free spin on The Wheel. The prizes may range from satellite tickets, cash bonuses, tournament dollars or even a seat to the WPT Borgata online series Main Event.

The promotion is valid until September 30 and all of the partypoker US network skins can take part in this promotion.

Overview of the partypoker NJ Spin the Wheel Promotion:

• Sign in to your account and receive a free spin.
• Every player receives one free spin every day.
• Players can win satellite tickets, cash bonuses, and tournament dollars.
• All three partypoker US network skins eligible for the promotion.
• Promotion valid until September 20.