Snipp Interactive Inc. Powers Superbowl Pilot Promotion for Gambit Rewards Partner - One of The Largest North American Gaming Companies

Rhea-AI Summary

Snipp Interactive Inc. (TSX-V:SPN; OTC PINK:SNIPF) has launched its first promotion for Gambit Rewards Inc., a significant player in North America's gaming sector. The promotion, exclusive to New York residents, offers 1,000 free Gambit Tokens and up to $1,500 in cash bonuses. Snipp's SnippCARE platform powers the pilot, aimed at refining future operations across permitted states. With the pending acquisition of Gambit, Snipp plans to deepen integration with their platform, leveraging loyalty points for engaging online gaming experiences.

Positive

• Launch of first promotion for Gambit Rewards, targeting New York market.
• Potential for further integration of SnippCARE platform with Gambit, enhancing revenue opportunities.
• Strong market positioning in the growing online gaming and sports betting sector.

Negative

• Awaiting final exchange approval for the acquisition of Gambit, which could delay strategic integration.

VANCOUVER, BC / ACCESSWIRE / February 10, 2022 / Snipp Interactive Inc. ("Snipp", the "Company") (TSX-V:SPN; OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates, and loyalty solutions, is pleased to announce it has powered its first promotion for Gambit Rewards Inc ("Gambit") and one of Gambit's "Partners", one of the largest and most iconic North American gaming companies well known for its sportsbook business.

The first of its kind promotion will be solely available to residents of the State of New York during the rest of February. Users who text GAMBIT to a Snipp powered shortcode that will only be accessible by NY residents will receive 1,000 free play Gambit Tokens, and up to $1,500 in cash bonuses for signing up with the Partner's sports book. Gambit and its Partner aim to use the results of the pilot to further refine their plans for a comprehensive roll out in all permitted States. Elements of Snipp's proprietary and modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform were used to power the pilot.

"We are still waiting for final approval from the exchange to close on our acquisition of Gambit Rewards and until that point continue to work with Gambit as a Client similar to how we work with multiple agency clients. Consequently, we have already integrated certain components of our modular SnippCARE platform to enhance the Gambit Rewards platform to enable their business plan and will continue to deepen our integrations over time as the revenue opportunities present themselves. We are excited to bring our SnippCARE platform to the iGaming and online sports betting industry and are confident that we will rapidly be working with the largest companies in this industry to add to our roster of Fortune 500 clients" said Atul Sabharwal.

Gambit is a regulator-approved consumer network that integrates loyalty programs with online gaming & sports betting in America. Gambit's proprietary and patent pending platform for turning loyalty points into free-to-play tokens ("Loyalty Gaming") provides leading brands across the United States with a unique solution to unlocking the US$100B value in unused loyalty points, while at the same time offering fans a new way to engage with the high growth vertical of online gaming and sports betting. Launched in 2019 as a solution for gamifying rewards programs, Gambit players can use various loyalty points to play for actual cash winnings, cryptocurrencies, charity contributions or other prizes, without risking any real money. Gambit enables players to convert their accumulated points in their existing rewards programs to Gambit Play Tokens, which can then be used to participate in online gaming and live sports betting opportunities, and to spend their Gambit winnings on a variety of growing incentives.

"We have already experienced a major uplift in our development in the short time since we began collaborating with the team at Snipp. Their technical sophistication, industry expertise and vast network have allowed us to engage new partners and to put new concepts, such as this unique promotion, quickly into production. Gambit is a perfect complement to the Snipp framework as together, we can bridge the void between online gaming and rewards programs with groundbreaking promotions and incentives" said Gambit Founder & CEO, Richard Pistilli.

About Snipp:

Snipp Interactive Inc (TSX-V: SPN; OTCPK: SNIPF) is a leading Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector. Snipp's proprietary and modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of Fortune 1000 Clients and world-class agencies and partners to use various modules of the Platform to run long-term and short-term programs and promotions, while continually generating and capturing unique zero party data that is invaluable in providing insights to drive sales. SnippCHECK, the Platform's Receipt Processing Module has established itself as the clear industry leader and standard by powering a large majority of all receipt based promotions in North America. SnippLOYALTY, the Platform's full scale modular loyalty engine allows clients the flexibility of deploying any/all aspects of a standard loyalty program on a case by case basis. SnippREWARDS, the Platform's modular catalogue of digital and physical rewards provides Clients with global and easily deployable access to an extensive catalogue of digital and physical rewards. SnippWIN, the Platform's gaming module solves for the implementation and compliance difficulties of offering games of chance and skill on a global basis, and allows for the global deployment and administration of legally compliant games of chance and skill. For more information, visit the Company's website at www.snipp.com.

Snipp is headquartered in Vancouver, Canada with a presence across the United States, Canada, Ireland, Europe, and India. The company is publicly listed on the Toronto Stock Venture Exchange (TSX-V) in Canada and is also quoted on the OTC Pink marketplace under the symbol SNIPF.

FOR FURTHER INFORMATION PLEASE CONTACT:

Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com
1-888-99-SNIPP

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

Neither the TSX Venture Exchange 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.

Copyright Snipp Interactive Inc. All rights reserved. All other trademarks and trade names are the property of their respective owners.

SOURCE: Snipp Interactive Inc.

View source version on accesswire.com:
https://www.accesswire.com/688224/Snipp-Interactive-Inc-Powers-Superbowl-Pilot-Promotion-for-Gambit-Rewards-Partner--One-of-The-Largest-North-American-Gaming-Companies

FAQ

What is Snipp Interactive's recent announcement regarding Gambit Rewards?

Snipp announced the launch of its first promotion for Gambit Rewards, offering exclusive benefits to New York residents.

What benefits are included in Snipp's promotion for Gambit Rewards?

The promotion includes 1,000 free Gambit Tokens and up to $1,500 in cash bonuses for New York residents.

How does Snipp's SnippCARE platform relate to the Gambit promotion?

Snipp's SnippCARE platform powers the Gambit promotion, aiming to refine techniques for wider rollout in the future.

What is the significance of Snipp's partnership with Gambit?

The partnership positions Snipp to enhance its offerings in the growing online gaming and sports betting market.

What is the stock symbol for Snipp Interactive?

Snipp Interactive is traded under the symbol SNIPF on the OTC Pink marketplace.