Frank Ng - Chief Executive Officer Tony Hung - Chief Financial Officer Adam Pliska - President, WPT-CEO Jud Hannigan - Esports Operations Lasse Glassen - Managing Director, Investor Relations

Greetings! Welcome to Allied Esports Entertainment, Fourth Quarter and Full Year 2020 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note, this conference is being recorded. I will now turn the conference to your host, Lasse Glassen, Managing Director Investor Relations. Thank you. You may begin.

Thank you, operator. Good afternoon and welcome to the Allied Esports Entertainment's 2020 fourth quarter and full year results conference call. Speaking on the call today is Allied Esports Entertainment's Chief Executive Officer, Frank Ng; and Chief Financial Officer, Tony Hung; the Company's President and long-time WPT-CEO, Adam Pliska; and Jud Hannigan, who is leading the Allied Esports Operations are also available for the question-and-answer session.

Thank you, Lasse, and thank you everyone for joining us this afternoon. My remarks today will focus on an overview of the key highlights from this past quarter and year, and our ongoing efforts to grow our business amidst the current COVID-19 pandemic. Tony Hung, our Chief Financial Officer, will follow with additional details on our financial performance. Before proceeding, I have some housekeeping items. The financials we are reporting today pertain to our continuing operations, which includes our Allied Esports business and the corporate TopCo AESE expenses. World Poker Tour or WPT had a very solid quarter, but since it is in the process of being sold to Element Partners under our existing stock purchase agreement WPT's results are now being presented as discontinued operations for the fourth quarter full year 2020 and our comparable periods for the prior year. I will discuss the pending WPT transaction in more detail shortly and Tony will go through WPT's financial results and operational highlights in his remarks.

Thank you, Frank. Good afternoon everyone and thank you for joining us today. Our fourth quarter performance demonstrates our ability to rapidly pivot our strategic focus within our business model amidst this dynamic and challenging operating environment. While our in-person pillar continues to be impacted by the travel restrictions and health and safety protocols as a result of the pandemic, we continue to make progress on the development of our multi-platform content pillar, reduced our operating expenses, as well as strengthen our liquidity position and improved capital structure. As Frank highlighted, the World Poker Tour segment of our business is being treated as discontinued operations for accounting and disclosure purposes. Therefore our results presented today relate to the continuing operations of Allied Esports and our parent company AESE and excludes the World Poker Tour. Now, turning to our fourth quarter results from continuing operations, total revenues for the fourth quarter were $0.9 million, down 52% year-over-year, primarily due to lower in person revenues, which were partially offset by higher revenues from our multi-platform content pillar. Looking at these results in greater detail, in-person revenues for the fourth quarter totaled $0.7 million, compared to $1.9 million in the prior year period. The decrease of 62.5% year-over-year was a result of the continuation of postponed events, reduced operating hours and social distancing measures as a result of the pandemic. Multi-platform content revenues totaled $0.2 million compared to $50,000 in the prior year period. The growth in our multi-platform content pillar was driven by our accelerated focus on this part of the business to mitigate the effect of the pandemic and included the licensing of video and data rights related to Esports betting and our partnership with Trovo. Finally, all interactive services revenues have historically been derived from WPT. Allied Esports has not…

Okay. Thank you for your support everyone and for joining us on today's call. We look forward to speaking with you again when we record our 2021 first quarter in May. Thank you again for your time and attention this afternoon and please stay safe and healthy.

Thank you. This does conclude today's conference. You may disconnect your lines at this time and thank you for your participation.