Calgary, Alberta March 6, 2024 / TheNewswire / VIP Entertainment Technologies Inc. (TSXVVIP) (OTC:VETIF)  (“VIP” or the “Company”), a leading provider of cutting-edge entertainment solutions, is pleased to announce two significant milestones that highlight the company's continued growth and success.

Firstly, VIP Entertainment Technologies Inc has signed an agreement with a arm’s length private company to provide a white label on-line sportsbook and IGaming solution to offer its state-of-the-art entertainment platform under the partner's brand. This strategic partnership represents a significant opportunity for VIP to expand its reach and introduce its innovative solutions to a broader audience. By leveraging the partner's established brand and customer base, VIP aims to accelerate its growth trajectory.

 

VIP will earn a portion of the net gaming of the partner branded site. For this revenue share VIP will provide all services required to operate the site.

"We are excited to announce this white label partnership, which marks a major step forward for VIP ” said Randy Jennings CEO. "This partnership underscores the strength and appeal of our entertainment platform and further solidifies our position as a leading provider in the industry. We look forward to working closely with our partner to deliver exceptional experiences to their customers."

VIP is also thrilled to report a remarkable increase in total gaming handle. During February total gaming handle had a 163% increase over December and a 168% increase over January. This unprecedented growth reflects the customer demand for VIP’s offerings and underscores the company's ability to deliver engaging and immersive gaming experiences.

. "This growth in volume over the past few months is a testament to the hard work and dedication of our team, as well as the value and quality of our entertainment platform. We are committed to building on this momentum and delivering even greater success in the months ahead” commented CEO Randy Jennings.

VIP remains focused on driving innovation and delivering unparalleled entertainment experiences to its clients and their customers. With these two milestones, the company is well-positioned for continued growth and success in the dynamic and rapidly evolving gaming industry.

About VIP Entertainment Technologies Inc:

VIP Entertainment Technologies Inc is a leading provider of cutting-edge entertainment solutions, offering a comprehensive platform that delivers immersive and engaging experiences to audiences worldwide. With a focus on innovation and customer satisfaction, VIP Entertainment Technologies Inc is shaping the future of entertainment.

 

For further information please visit www.vipentertaingroup.com or contact:

 

Randy Jennings - Chief Executive Officer

+1-403-899-9319

randy@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 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 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 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.