LOOP Insights Enters Lucrative US Tribal Gaming Industry
VANCOUVER, BC / ACCESSWIRE / December 2, 2019 / Loop Insights Inc. (TSX.V:MTRX) (‘Loop’) announces that it has signed a partnership agreement with Quis Quis Holdings LLC. to enter into the tribal gaming business, a multibillion-dollar US industry.
The preferred Partnership Agreement grants Mr. Blue Quis Quis the non-exclusive rights to represent Loop’s technology products to his large network. Mr. Quis Quis, brings years of experience working with numerous tribal communities, he has an extensive background in gaming, compliance and tribal economic growth. He is currently founder of the Indigenous Trade Association, President La Jolla Gaming Commission and Vice Chairman San Pasqual Gaming Commission.
Gaming businesses owned by Native American tribes have reported gross gaming revenue, to a record $33.72bn, in 2018. The Loop proprietary technology platform will target installations in gaming facilities across multiple states providing detailed real time insights into customer purchase behaviours. Loop’s technology will enhance operational, marketing and supply chain efficiencies. Upon successful implementations Loop will have an opportunity to generate substantial revenues through licensing Loop’s platform to resort operators as well as SaaS revenue models creating reoccurring monthly revenues.
“Mr. Quis Quis, is a very well-respected figure in the tribal gaming industry, this will help shorten and expedite our sales cycle by providing direct access to key decision makers of each tribal nation Added Rob Anson CEO of Loop Insights
Blue Quis Quis - The Loop platform will now enable our casino marketing the ability to measure and attribute the value of each loyalty member across all channels including food & beverage, retail, nightlife, and special events. Our customers will greatly benefit from the Loop Platform by receiving dynamic personalized offers and incentives based on individual gaming and retail purchase behaviors.
LOOP Insights Inc. (TSX.V: MTRX) is a Vancouver-based technology company that has developed a unique automated Artificial Intelligence (AI) marketing platform. Retailers and brands benefit from the marketing platform as they can make real-time, data-driven decisions that help them curate unique personalized customer experiences in stores, a capability which previously did not exist. Loop’s AI is a significant tool in the battle with brick and mortar retailers and online digital competition.
For more information, please contact:
LOOP Insights Inc.
CHF Capital Markets
LOOP Website: www.loopinsights.ai
Soy Garipoglu, Manager, IR
Cathy Hume, CEO
T: 416-868-1079 x 231
This news release contains certain statements which constitute forward-looking statements or information. 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, and 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) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Loop Insights Inc.
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