Allied Esports Entertainment Announces $5 Million Investment by Leading Real Estate Operator
Allied Esports Entertainment, Inc. (AESE)
Company Research
Source: Business Wire
Agreement to Allow Allied Esports to Further Expand New On-Mall Esports Venues IRVINE, Calif.--(BUSINESS WIRE)--Allied Esports Entertainment (NASDAQ: AESE), a global esports entertainment company, today announced that Brookfield Property Partners (NASDAQ: BPY), one of the world’s premier real estate companies, will become a shareholder of the company through a $5 million equity investment.Per the agreement and strategic alliance, Brookfield Properties, the global real estate operating arm of Brookfield Asset Management, will bring Allied Esports’ new on-mall esports venue concept to its existing retail destinations. The two companies will collaborate on the development of dedicated esports venues and gaming experiences that will be designed for tournament play of all levels, with PCs and consoles available for daily use, complete broadcast and streaming production capabilities, full food and beverage options, and experiential retail.“As esports continues a pattern of tremendous gro
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