Loop inks LOI to become official technology partner to $2.7B All Net Resort and Arena Project in Las Vegas

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF), a provider of real-time data analytics through artificial intelligence (AI) to drive customer engagement, has announced that it has signed 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 $2.7 billion entertainment venue in Las Vegas, Nevada. The Vancouver, British Columbia-based advanced technology company said that at “the core of the partnership” will be Loop’s real-time AI data intelligence and digital wallet platform. 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. The company developing the project is run by Jackie Robinson, a former NBA and UNLV basketball player turned successful businessman. READ: Loop Insights says UK’s largest fuel distributor Certas Energy to deploy its retail insights and loyalty platform In a statement, All Net CEO Robinson said: "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.” “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. A revolutionary resort needs a revolutionary technology partner and we’ve found it in Loop Insights.” Loop and All Net expect to “formalize this partnership and announce commercial terms before the end of June.” Meanwhile, Loop Insights CEO Rob Anson said: "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." Some of the attractions of the All Net Resort, which is a non-gaming, business and family-friendly destination in the heart of the Las Vegas strip, will include: A 23,000 seat multi-purpose arena with a retractable roof A 500-room 5 star, all-suite luxury Spa Hotel A 2,000-room hotel tower A 250,000 square feet convention center World-class restaurants and nightclubs and a 350,000 square foot food and retail plaza with shops A 2,500-seat dinner showroom Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive