Snipp Acquires Loyalty Gaming Pioneer, Gambit Rewards Allows Snipp To Connect US$60B+ Market for Online Gaming & Sports Betting With US$100B in Unused Loyalty Points - Seite 2

According to Grandview Research, the global online gambling market is forecasted to reach US$112.1B in 2025, up from US$64.1B in 2020. This rapid growth is being driven in part by the rising popularity of digital sports betting in the United States, which began in 2018 after the Supreme Court struck down a federal ban. Sports betting is now live in 23 states and the District of Columbia, including New York, where mobile sports wagering officially began on January 8 of this year. According to Goldman Sachs, the US online sports betting industry could reach US$39B by 2033. Media companies - from Fox to Sports Illustrated - have already cut deals with sports betting companies, as has every major sports league - from the NFL to the PGA. Even major household brands, such as Disney have announced aggressive forays into the industry given the unprecedented groundswell of support amongst its fans.

Richard Pistilli, Founder & CEO of Gambit will join Atul Sabharwal, Founder & CEO of Snipp to further discuss the acquisition at 4:30PM EST today at the 24^th Annual ICR Conference. A live and archived webcast of the presentation will be accessible on the Investor Information section at https://www.snipp.com/investors. The presentation webcast can also be accessed directly here: https://wsw.com/webcast/icr7/spn.v/1688505.

Atul Sabharwal, Founder and CEO of Snipp stated: "This strategic acquisition benefits us at multiple levels. It allows us to immediately offer our clients a truly unique experience that taps into the online gaming & sports betting super trend. By including Loyalty Gaming as an integral part of the SnippREWARDS module of our proprietary SnippCARE (Customer Acquisition, Retention and Engagement) Platform, we will be the exclusive avenue through which our roster of Fortune 500 clients (and other permitted resellers) can incentivize their customers with gift cards to engage in iGaming and sports betting on the Gambit Loyalty Gaming platform. A leading energy drink client for example has already signed off on using Gambit as an incentive for their upcoming programs. The acquisition also opens up an entirely new industry to license our SnippCARE platform. The Gambit team has an enviable roster of C-suite relationships in this industry that is already bearing fruit. Through them, Snipp is in deep conversations with leading players, not only in the iGaming and online sports betting industry, but in the traditional casino-entertainment vertical as well. Enabling this industry to drive their omnichannel customer acquisition strategies based on our SnippCARE Platform is a perfect use of the platform and fits perfectly with our strategy of expanding into new industries as we enter 2022. Finally at a more strategic level, the combination provides Snipp with the ability to build and monetize its own zero party data set by growing Gambit's captive userbase. This will enable future revenue streams based on data analytics and targeting to complement our core offerings today and expand our share of wallet with clients. What gives me the greatest comfort in making this acquisition is the asset light operating structure of Gambit that minimizes our risk while creating the potential to deliver meaningful shareholder value.