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Loop Insights Signs LOI To Become Official Technology Partner To $2.7 Billion All Net Resort and Arena Project In Las Vegas
Friday, May 21, 2021Company Profile | Follow Company
Revolutionary Non-Gaming Business & Family Friendly Las Vegas Destination Includes Multi-Purpose Arena With Retractable Roof and Two Hotel Towers.
Vancouver, BC, May 21, 2021--(T-Net)--Loop Insights Inc. (TSX.V: MTRX), a leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, announced today the signing of a Letter of Intent (LOI) with All Net LLC to provide a custom technology stack that will power the All Net Resort and Arena Project, 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.
The All Net Resort is a 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:
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 position in the Venue Management, Data Analytics and Customer & Fan Engagement areas, according to the company.
Loop and All Net expect to formalize this partnership and announce commercial terms before the end of June.
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.
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