FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DeCubellis Kenneth
  2. Issuer Name and Ticker or Trading Symbol
Allied Esports Entertainment, Inc. [AESE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
110 NORTH 5TH STREET, SUITE 410
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2020
(Street)

MINNEAPOLIS, MN 55403
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/10/2020   J(3)   436,002 D (3) 2,417,530 I By Black Ridge Oil & Gas Inc (1)
Common Stock 08/10/2020   S(2)   113,000 D $ 2.0191 (2) 2,304,530 I By Black Ridge Oil & Gas Inc (1)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DeCubellis Kenneth
110 NORTH 5TH STREET
SUITE 410
MINNEAPOLIS, MN 55403
    X    
Black Ridge Oil & Gas, Inc.
110 NORTH 5TH STREET, SUITE 410
MINNEAPOLIS, MN 55403
    X    

Signatures

 /s/ Kenneth DeCubellis   08/12/2020
**Signature of Reporting Person Date

 /s/ Kenneth DeCubellis, as CEO and Interim CFO of Black Ridge Oil & Gas, Inc.   08/12/2020
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr. DeCubellis, as Chief Executive Officer and Interim Chief Financial Officer of Black Ridge Oil & Gas, Inc. ("Black Ridge") exercises voting and dispositive power over such shares. Mr. DeCubellis disclaims beneficial ownership of such shares except to the extent of his ultimate pecuniary interest.
(2) On August 10, 2020 Black Ridge distributed 436,002 shares of its holdings of the Issuer's shares to officers, directors and certain employees pursuant to the 2018 Stock Management Incentive Plan dated March 6, 2018 (the "MIP").
(3) The sale of the Issuer's shares reflected in Column 4 was made pursuant to a Rule 10b5-1 trading plan entered into by Black Ridge on June 15, 2020. Of the shares sold, 101,098 shares were sold on behalf of the employees in order to cover payroll tax withholdings and the remaining 11,902 shares were sold by Black Ridge to fund the employer's portion of payroll taxes, each in connection with the distributions pursuant to the MIP, as discussed in footnote (2) above.

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