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Allied Esports Entertainment Inc. (AESE) Stock Surged 9.25% After-Hours, Here’s Why            

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Allied Esports Entertainment Inc. (AESE) stock soared 9.25% in the after-hours trading session at the price of $1.89 despite no fundamental reason. The last reported news was the appointment of Roy Anderson as Chief Financial Officer. AESE is an international esports entertainment network. It provides multiplatform content, transformative live adventures, and interactive services.  

AESE Appointed Roy Anderson 

On 11th October 2021, AESE published that it had appointed Roy Anderson as its Chief Financial Officer. The appointment became effective immediately. Mr. Roy replaced Anthony Hung, who had worked as the CFO from September 2019 till his resignation. Mr. Roy brought near 25 years of experience to Allied Esports Entertainment (AESE). He has extensive experience in financial reporting, financial management, internal controls, and risk management. Mr. Roy has been a trusted advisor to the Chief Executive Officer, Senior Executives, Board of Directors, and investors.  

Previously, Mr. Roy was a partner with Mazars USA, a global accounting platform servicing customers in almost 90 countries. In this role, he worked with the top executives and investors of companies in the TMT markets. Additionally, Mr. Roy worked as a chief member of Mazars’ SEC Practice Group. He got his bachelor of science degree from Long Island University and is a certified public accountant.  

Management Comment 

Chief executive officer of AESE, Libing (Claire) Wu, remarked that he is excited to publish the appointment of Roy Anderson as the company’s Chief Financial Officer. Roy brings leadership qualities, financial acumen, and M&A expertise to their executive team. His extensive industry experience makes him suitable to lead their financial and accounting projects. He is happy to have Roy in their senior leadership team, he added.   

Inaugural Rescue Royale Tournament 

On 17th August 2021, AESE announced that American Red Cross had selected the company to present an inaugural Rescue Royale charity esports tournament and streaming event. The ceremony aims to enable the gaming society to help people affected by natural disasters. Gamers can now register for stream-a-thon and fundraise on Tiltify. Meanwhile, they can start their own Rescue Royale Disaster Relief Program on their preferred platform. People can also participate in the Rescue Royale Fall Guys Tournament.  

Chief executive officer of AESE, Jud Hannigan, remarked that natural Disasters destroy people’s lives all across the country. The American Red Cross is the first organization who is always available to help needy people. As gaming and esports have achieved mainstream reputation, people have learned how they help the deserving ones. They are privileged and delighted to work with the Red Cross on this significant initiative, he added.

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