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The new company will have a presence in Minneapolis but will move its headquarters to Irvine, Calif.
It will have employees. Berman, a director of Black Ridge, is expected to be chairman of Allied Esports. Investments using SPACs are typically financial in nature, but Allied Esports will be able to leverage the experience of Berman, his team, and managers coming over from Ourgame in the new company. Berman likens where the esports industry is today with where Indian-gambling and the emerging gaming industry was in the early to mids.
InFortune magazine named Grand Casinos the fastest-growing company in America. Berman remained a director of the company and a minority shareholder but was no longer chairman or CEO.
The company was a subsidiary of Lakes Entertainment in when Berman took it public. WPT, an online poker company, licenses its brand name to about 65 poker events each year, produces television and online programming of the World Poker Tour, and runs an online membership site, ClubWPT.
Allied Esports Entertainment, a provider of esports entertainment, will use efforts pioneered by WPT, including in-person experiences, multiplatform content creation, and interactive services to fuel its growth in the global esports industry.
The HyperX Esports Arena is a dedicated esports venue that hosts winline 34com electronic gaming events and serves as a production facility for esports programming. Allied Esports will also provide design, development and operations expertise as services to other companies developing esports venues.
Business reporter Patrick Kennedy covers executive compensation and public companies. He has reported on the Minnesota business community for more than 20 years. Home All Sections Search. Log In Welcome, User. Minneapolis St. Ligue 1. ATP Indian Wells. WTA Indian Wells. Six Nations. All events.
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Casino industry veteran Lyle Berman bets on esports gaming company
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