Allied Gaming & Entertainment Responds to Ourgame's Legal Revelations

Allied Gaming & Entertainment (AGAE) has acknowledged Ourgame International Holdings Limited's recent public announcement regarding legal actions and investigations involving Frank Ng, the former CEO of AGAE. The company has stated it is closely monitoring the situation and will respond as more information emerges through official and legal channels.

Review of Ng's Tenure

AGAE has announced plans to investigate any potential issues related to Ng's time as CEO, particularly during the construction of their main esports arena in Las Vegas. The review will be conducted in compliance with all relevant laws and regulations, with assistance from independent legal and professional advisers.

Commitment to Transparency

The company's response underscores its commitment to addressing the situation seriously and taking appropriate action if necessary. Transparency and accountability are crucial, especially in matters involving former executives.

Growth and Scrutiny in the Esports Industry

As the esports industry continues to expand rapidly, it faces increasing scrutiny. Companies like AGAE must ensure they operate with legal and ethical integrity. This situation serves as a reminder of the importance of good governance and transparency in the industry.