Allied Gaming & Entertainment Announces Partnership with World Poker Tour and Wynn Macau

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, today announced a partnership with World Poker Tour, (“WPT”), and Wynn Macau, in which the companies will work together to bring an inaugural WPT event to Macau. AGAE was instrumental in facilitating the collaboration and will assist in the marketing, production and management of this and future planned WPT events in conjunction with Wynn Macau.

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“‘We are thrilled to be joining forces with two esteemed global partners, bringing the World Poker Tour to Macau, SAR, P.R. China. With a shared commitment to enhancing offerings in this burgeoning entertainment market, we are poised to make a significant impact,” said Yinghua Chen, Chief Executive Officer of AGAE. “This marks WPT’s inaugural physical presence in Macau after over two decades of operation. As we expand our Allied Experiential Entertainment business, this collaboration represents another exciting advancement, leveraging our extensive resources and expertise in hosting world-class events to create unforgettable experiences in this dynamic market.”

In partnership with AGAE, World Poker Tour will be at Wynn Macau for the first time in June to host WPT Macau. This marquee festival will run from June 18-24 and will feature the Championship event taking place from June 20-24 with a buy-in of HK$40,000. The festival will also be highlighted by a WPT High Roller event with a buy-in of HK$200,000 from June 19-20.

“Macau has long been a sought-after destination for us, wanting to deliver the WPT experience to the region,” said Adam Pliska, WPT CEO. “Thank you to AGAE and Wynn Macau for making this dream come true. We look forward to an incredible event.”

Ms. Linda Chen, President, Vice Chairman of the Board and Executive Director of Wynn Macau, Limited, said, “We are thrilled to partner with AGAE to host one of the most prestigious global poker competitions in Macau, marking its debut in this vibrant city. The World Poker Tour invites legendary poker players from across the world which will enhance Macau’s global allure and reinforce its status as a World Centre of Tourism and Leisure. This exciting mega-event further demonstrates our commitment to deliver top-tier international entertainment events to Macau and is set to captivate a new wave of global visitors eager to experience the dynamism of our city.”