17:59:47 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Jackpot Digital Inc (3)
Symbol JJ
Shares Issued 133,545,727
Close 2024-03-18 C$ 0.065
Market Cap C$ 8,680,472
Recent Sedar Documents

Jackpot installs Blitz machines at Jackson Rancheria

2024-03-19 12:02 ET - News Release

Mr. Jake Kalpakian reports

JACKPOT DIGITAL COMPLETES FIRST INSTALLATION OF ITS NEXT-GENERATION JACKPOT BLITZ(R) CASINO MACHINES

Jackpot Digital Inc. has successfully completed the installation of three Jackpot Blitz casino machines at Jackson Rancheria Casino Resort, located in Jackson, Calif.

The installation marks the first-ever deployment of the next-generation version of Jackpot Blitz, which has been redesigned to meet the specific requirements needed by the land-based casino market.

The successful installation is a critical step and marks the beginning of a new phase of expansion for the company, which has scheduled several additional installations at casinos in the United States and worldwide. Jackpot shares in the revenue generated from each new Jackpot Blitz table installed. With the first installations at Jackson Rancheria, the company is starting additional new revenue streams from its newly designed land-based Jackpot Blitz.

Jackpot president and chief executive officer, Jake Kalpakian, states: "Now that we have completed our first land-based installation of the next-generation Jackpot Blitz, we have entered a new stage as a company, moving from the product redesign stage into the active land-based installations stage, beginning an era of land-based casino revenue for the company. This inaugural installation of our next-generation Jackpot Blitz represents an inflection point and the culmination of our extensive efforts over several months to reconfigure Jackpot Blitz for the land-based casino market while dramatically lowering the unit production cost. We will continue to fill our order backlog with several installations scheduled for Q2 and beyond. Our order pipeline is robust and expanding, and we anticipate that 2024 will be a highly successful year for our business."

In addition to Jackpot's cruise ship customers, which include Carnival Cruises, Virgin Voyages, Princess Cruises, Holland America, AIDA and Costa Cruises, Jackpot has announced land-based installations or orders in 12 states and territories in the U.S. and growing, including California, Kansas, Louisiana, Michigan, Minnesota, Mississippi, Montana, Nevada, Oregon, South Dakota, U.S. Virgin Islands, Washington, as well as several international jurisdictions.

About Jackpot Digital Inc.

A positive disruptor in the casino business, Jackpot Digital is a leading manufacturer of dealerless multiplayer electronic poker tables for the cruise ship and land-based regulated casino industries. The company specializes in dealerless poker which is complemented by a robust suite of backend tools for casino operators to efficiently control and optimize their poker business.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.