<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-08-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001708341</issuerCik>
        <issuerName>Allied Esports Entertainment, Inc.</issuerName>
        <issuerTradingSymbol>AESE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001305278</rptOwnerCik>
            <rptOwnerName>Lahti Joseph J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>17877 VON KARMEN AVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>IRVINE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92614</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-08-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>42968</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.0191</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>46502</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The shares were transferred to the Reporting Person on August 10, 2020 from Black Ridge Oil &amp; Gas, Inc. (&quot;BROG&quot;), which the Reporting Person serves as a director, pursuant to BROG's 2018 Stock Management Incentive Plan dated March 6, 2018.</footnote>
        <footnote id="F2">Includes 3,534 shares subject to restrictions; which restrictions lapse on 9/20/2020.</footnote>
    </footnotes>

    <remarks>Exhibit 24.1 Power of Attorney filed On September 24, 2019 and incorporated herein by reference</remarks>

    <ownerSignature>
        <signatureName>/s/ David Polgreen, as Attorney-in-Fact for Joseph Lahti</signatureName>
        <signatureDate>2020-08-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
