VIP Entertainment Technologies Inc. (TSXV:VIP) entered into share agreement to acquire Bet Rewards Ltd. for CAD 0.32 million on December 1, 2023. Pursuant to the terms of the share purchase agreement, VIP will acquire all of the outstanding shares of Bet Rewards in consideration for CAD 0.55 million which would be satisfied through the issuance of 6,470,590 common shares. In addition, the key individuals at Bet Rewards will have the opportunity to earn additional performance warrants of VIP through meeting certain revenue targets over the next 18 months following the closing of the transaction. Randy Jennings has been appointed as the new Chief Executive Officer. Completion of the acquisition of Bet Rewards is subject to the receipt of any required regulatory approvals, including from the TSX Venture Exchange.

VIP Entertainment Technologies Inc. (TSXV:VIP) completed the acquisition of Bet Rewards Ltd. on January 12, 2024.