Allied Esports boosted by return of live events in Q1

| By Richard Mulligan
Allied Esports Entertainment achieved its best revenue and adjusted earnings performance since it sold its poker operations during the first quarter of 2022.

In a trading update to 31 March, Allied – which sold assets including World Poker Tour for  $105m last July – said total revenues from continuing operations of $2.4m increased 381% for the first quarter of 2022 compared to the first quarter of 2021. The group posted revenues of $6.2m in the first quarter of 2019, prior to the Covid-19 pandemic and the divestment of its poker segment.

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