Loop Insights Signs LOI To Become Official Technology Partner To $2.7 Billion All Net Resort and Arena Project In Las Vegas
11 Mayo 2021 - 5:00AM
Loop Insights Inc. (TSX.V: MTRX) (RACMF:OTCQB) (the "Company" or
"Loop"), a global leader in providing real-time data analytics
through artificial intelligence to drive customer activation and
engagement, is pleased to announce the signing of a Letter of
Intent (LOI) with All Net LLC ("All Net") to provide a custom
technology stack that will power the All Net Resort and Arena
Project (“All Net Resort”), a new $USD 2.7 Billion entertainment
venue in Las Vegas, Nevada. At the core of the partnership will be
Loop’s real-time AI data intelligence and digital wallet platform.
REVOLUTIONARY NON-GAMING RESORT FOR BUSINESS AND
FAMILIES COMBINES WORLD CLASS SPORTS AND ENTERTAINMENT
EXPERIENCES
The All Net Resort is a revolutionary non-gaming, business and
family-friendly destination that is situated in the heart of the
Las Vegas strip and will include but not limited to:
- 23,000 seat multi-purpose arena with a retractable roof
- 500-room 5 star, all suite luxury Spa Hotel
- 2,000-room hotel tower
- 250,000 sq. ft. convention center
- 350,000 sq. ft. food and retail plaza with exclusive retail
shops
- World-class restaurants and nightclubs
- 2,500-seat dinner show room
- and more
To view a 90-second video animation of the planned resort,
please use the following link: https://youtu.be/cixXiORimdA
The All Net Resort will combine sports and entertainment events
with business and corporate bookings that will appeal to upscale
demographic groups including business professionals and families,
providing guests and visitors with a state-of-the-art connected
venue that delivers a truly memorable Las Vegas experience beyond
the traditional gaming focus. The company developing the project is
run by Jackie Robinson, a former NBA and UNLV basketball player
turned successful businessman.
Jackie Robinson, All Net CEO, states: "Loop
Insights has become a proven and trusted provider of venue
management and real-time customer engagement with its multiple
recent successes in Las Vegas. As such, they were the obvious
choice to support our mission of creating a seamless, highly
personalized guest experience unlike anything that has ever been
seen before at a major resort anywhere in the world. A
revolutionary resort needs a revolutionary technology partner and
we’ve found it in Loop Insights.”
Loop Insights Rob Anson states: "The All
Net Resort and Arena is going to be a truly revolutionary
entertainment complex. The $2.7 billion project is situated on a
27-acre parcel just across from the Las Vegas Convention Center
consisting of multiple world-class venues, the size and scope of
which signals another big win for Loop in the sports and
entertainment venue capital of the world. Partnering from the
ground up means Loop will provide digital innovations and truly
personalized visitor experiences that are second to none."
The proposed All Net and Loop partnership will strengthen Loop's
leadership position in the Venue Management, Data Analytics and
Customer & Fan Engagement areas. Loop and All Net expect to
formalize this partnership and announce commercial terms before the
end of June.
This Press Release Is Available On the Loop Insights website,
and also on the Verified Forum On AGORACOM For Shareholder
Discussion And Management Engagement
ABOUT ALL NET, LLC
All Net, LLC is a company developing the All Net Resort and
Arena. A project of businessman and
former basketball player Jackie Robinson, the
multi-billion dollar complex is located on the Las Vegas Strip and
will consist of a 500-room Five-Star Spa Hotel, a 2,000-room hotel
tower, a multi-use 23,000-seat arena with a retractable roof,
world-class restaurants, stunning night clubs, a 2,500-seat dinner
show room, exclusive retail shops, a sports museum, a 250,000 sq.
ft. convention center and a 350,000 sq. ft. food and retail plaza,
a 12-screen luxury movie theatre, a 24-lane bowling alley, and a
30,000 sq. ft. production studio.
ABOUT LOOP INSIGHTS
Loop Insights Inc. is a Vancouver-based Internet of Things
("IoT") technology company that delivers transformative artificial
intelligence ("AI") automated marketing, contact tracing, and
contactless solutions to the brick and mortar space. Its unique IoT
device, Fobi, enables data connectivity across online and
on-premise platforms to provide real-time, detailed insights and
automated, personalized engagement. Its ability to integrate
seamlessly into existing infrastructure, and customize campaigns
according to each vertical, creates a highly scalable solution for
its prospective global clients that span industries. Loop Insights
operates in the telecom, casino gaming, sports and entertainment,
hospitality, and retail industries, in Canada, the US, the UK,
Latin America, Australia, Japan, and Indonesia. Loop's
products and services are backed by Amazon's Partner
Network.
For more information, please contact:
Loop Insights Inc. |
|
LOOP Website: www.loopinsights.ai |
Rob Anson, CEO |
|
Facebook: @ LoopInsights |
T : +1 877-754-5336 Ext. 4 |
|
Twitter: @ LoopInsights |
E: ir@loopinsights.ai |
|
LinkedIn: @ LoopInsights |
This news release contains certain statements that constitute
forward-looking statements or information, including statements
regarding Loop's business and technology; the ability of Loop to
engage with industry participants to achieve its goals; the
development of Loop's technology; and the viability of Loop's
business model. Such forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond Loop's
control, including the impact of general economic conditions,
industry conditions, competition from other industry participants,
stock market volatility, and the ability to access sufficient
capital from internal and external sources. Although Loop believes
that the expectations in its forward-looking statements are
reasonable, they are based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and
assumptions are based upon currently available information. Such
forward-looking statements are subject to known and unknown risks,
uncertainties, and other factors that could influence actual
results or events and cause actual results or events to differ
materially from those stated, anticipated, or implied in the
forward-looking statements. As such, readers are cautioned not to
place undue reliance on the forward-looking statements, as no
assurance can be provided as to future results, levels of activity,
or achievements. The forward-looking statements contained in this
news release are made as of the date of this news release and,
except as required by applicable law, Loop does not undertake any
obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement. Trading in the securities of Loop should be
considered highly speculative. There can be no assurance that Loop
will be able to achieve all or any of its proposed objectives.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
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