(TheNewswire)
Calgary Alberta – TheNewswire - July 19, 2022 – VIP Entertainment Technologies Inc. (“VIP” or the “Company”) (TSXV:VIP) is pleased to announce that it has launched its new Free to Play customer facing platform, and entered into a strategic partnership with PrimeDomain (“Prime”) of Portland, Oregon.
VIP’s launch of its highly anticipated Free-to-Play network, began with the full launch of its newest site, www.VIPFree2Play.com, offering individuals entertainment products, games, and free-to-use products. VIP believes adding entertainment and engagement products aside from gambling focused products is integral to its growth, and enjoyment for its users. This network will be comprised of new products and initiatives, such as the site VIPFree2Play, new games and contests. Certain parts of these initiatives will be proprietary to VIP, while others will be through strategic partnerships. The first of these strategic partnerships is with Prime. Prime has built a global network of users offering a wide range of services from PrimeOne Chat (www.primeonechat.com), PrimeOne TV (www.primeonetv.com) and various other online and digital solutions. As a multi-faceted technology company, Prime is bringing with it thousands of users to the VIP network via this partnership. VIP expects to drive revenue through both advertising on the free to play site as well as subscription revenue through the partnership with Prime One.
“As we have stated in our forward-looking strategy, VIP is positioning itself to grow into a premier entertainment business focusing on the gambling and gaming industry” stated Joel Donais, CEO of VIP. “Through this strategy, we are now beginning to launch new products and partnerships, as we look to continue to diversify our place in the Canadian and global entertainment, gambling, and gaming business.”
VIP is also pleased to announce the release of its upgraded platform for its flagship sports betting site VIP Bets. The new site and its features can be seen at www.vipbets.com. VIP has continually worked to provide the best product, support, and service to its customers. This most recent platform release is evidence of the company’s desire to provide its customers with an enjoyable, robust, and safe location for their gaming and gambling, with a myriad of products and possibilities. From daily sports bets, casino action including “Live Dealer” table games, to virtual sports, esports wagering, and poker tournaments, the products from VIP Bets on its newest platform are sure to appeal to many.
About VIP Entertainment Technologies Inc.
VIP was formed in 2016 to deliver sports betting, casino games and poker to the top tiers of sports bettors and poker players. Since 2016, VIP has handled roughly $150,000,000 in wagers through its licensed online gaming services. In 2019 VIP launched its flagship brand, VIP Bets, which has handled roughly $80,000,000 in wagers, grossing approximately $5,000,000 in revenue.
VIP Bets offers fixed odds to bet on sports, casino, poker and esports. VIP’s gaming License enables the Company to offer its current suite of products in certain countries.
For further information please visit www.vipentertainmentgroup.ca or contact:
Joel Donais - Chief Executive Officer
+1-587-436-5635
joel@vipentertaingroup.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that VIP anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass.
Forward-looking statements are based on assumptions, including expectations and assumptions concerning: interest and foreign exchange rates; capital efficiencies, cost saving and synergies; and the Company’s growth plan. While VIP considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive and other risks set out in public disclosure recorded and filed under the Company’s profile on www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of VIP Entertainment Technologies which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. VIP Entertainment Technologies Inc disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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