VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) -- 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.