Under the terms of the agreement, VIP will acquire all issued and outstanding shares of Contagion, the principal of which is an active United Kingdom Gaming License. VIP is enthusiastic about the prospect of continued growth through the UKGL acquisition. This business enables the company to have immediate access to new and existing users under such a prestigious license. This license covers the territory of one of the largest sports and sports betting markets per capita globally.
VIP expects to complete a definitive agreement within a few days on the terms expressed in the proposed binding letter. Full payment for the lease will be due in the form of a net gaming revenue sharing arrangement. VIP and pay up to
VIP also greatly anticipates the concession
VIP aims to expand its core business in the iGaming industry through strategic acquisitions such as Contagious Games to transform itself into a major entertainment gaming company in a rapidly developing and growing industry. The acquisition of Contagion and its UKGL is a huge step for VIP to expand its presence in the gaming industry. VIP’s goal is to grow into a more diversified entity, which acquisition allows VIP to immediately increase its global exposure.
VIP continues to close the announced offer
All securities issued pursuant to the Offering will be subject to a statutory custody of four months plus the date of issuance in accordance with applicable securities laws. The closing of the offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory and other approvals, upon approval.
The company also announces that it will not proceed with the Outside Box Capital Investor Relations agreement as previously announced.
VIP offers sports betting, casino games and poker through its VIP Bets platform. In addition, he recently launched his free platform, VIPFree2Play, and his
For further information please visit www.vipertainmentgroup.ca or contact:
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This news release contains certain statements that may provide information subject to securities laws. All statements, other than those of historical fact, concerning actions, events, results, events, developments, results or events that VIP has anticipated or anticipated may or may not be considered future (in whole or in part). information Often, but not always, forward-looking statements may use the words “plans,” “expects,” “anticipates,” “provisions,” “approach,” “estimates,” “forecasts,” “intends” or “believes,” or variations (including negative variations) of such words and expressions, or propositions formed in the future tense or signifying certain actions, events or events “may”, “may”, “will”. , to become, or to happen.
Forward-looking statements are based on assumptions, including expectations and assumptions regarding the company’s growth plan and the benefits of the acquisition and completion of the offering. While VIP considers these assumptions to be reasonable, based on available information, they may 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; certainly energy in the face of adversity; future legislative, tax and regulatory developments. Readers are advised that the foregoing non-exhaustive list and other risks are disclosed to the public and are posted on www.sedar.com under the membership. Readers should be cautioned not to place undue reliance on forward-looking statements, since nothing can be certain that the plans, intentions, and expectations in which they are expressed may occur. Such information, although considered reasonable at the time of its preparation, may be inaccurate and actual results may differ materially from those anticipated. For more information on risks, uncertainties and assumptions that could cause actual events and opportunities to differ materially, please refer to the public announcements.
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