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Calgary, AB - TheNewswire -
Management Commentary
VIP CEO
Looking ahead to 2023, we eagerly anticipate the ‘re-launch’ of our products inside of
2022 Highlights
On
July 6, 2022 , the Company closed its qualifying transaction (“QT”) withVIP Entertainment Group Inc. by way of a reverse takeover in accordance with the policies of the TSXV (the “RTO”), as part of the QT the Company changed its name fromANC Capital Ventures Inc. to VIP Entertainment Technologies Inc.During the year, VIP launched its new platform, a new free-to-play program, and its
Daily Fantasy Sports products. As VIP expands its jurisdictions for its sports betting and casino operations, these new free to play users, will have the opportunity to convert to VIP’s pay-to-play products and services.On
February 14, 2023 , the Company began the application process for itsKahnawake Gaming Commission operators license giving it the ability to operate under a regulated process inside ofCanada , outside of Ontario.On
April 5, 2023 , the Company entered into an agreement to acquire a United Kingdom Gaming License via the acquisition of all issued and outstanding shares ofContagious Sports Limited .
About
VIP delivers sports betting, casino games and poker through its VIP Bets platform. In addition, it has recently launched its Free to Play platform, VIPFree2Play. The Company has plans to continue to expand its offering to the gaming industry. Since 2016, VIP has handled approximately
For further information please visit www.vipentertaingroup.com or contact:
Email: joel@vipentertaingroup.com
Phone: +1-587-436-5635
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
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. 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
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