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

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-08-19</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000903291</rptOwnerCik>
            <rptOwnerName>BERMAN LYLE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>130 CHESHIRE LANE, SUITE 101</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MINNETONKA</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55305</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Chairman</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-08-19</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>455800</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.5282</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1065350</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person's sale of AESE common stock reported herein may be matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 42,968 shares, with the distribution of 42,968 shares of common stock 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; at a price of $2.0191 per share. The reporting person has agreed to pay to AESE, upon settlement of the sale, $21,875.01, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.</footnote>
        <footnote id="F2">The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.50 to $2.59, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth.</footnote>
        <footnote id="F3">Includes 3,534 shares subject to restrictions; which restrictions lapse on 9/20/2020.</footnote>
        <footnote id="F4">All shares held by the Reporting Person's Revocable Trust.</footnote>
    </footnotes>

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

    <ownerSignature>
        <signatureName>/s/ Lyle Berman</signatureName>
        <signatureDate>2020-08-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
