14:39:41 EDT Sat 18 May 2024
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Jackpot Digital signs distribution deal for Asia

2024-03-26 12:49 ET - News Release

Mr. Jake Kalpakian reports

JACKPOT DIGITAL SIGNS DISTRIBUTION AGREEMENT TO ENTER CASINO MARKET IN ASIA

Jackpot Digital Inc. has signed a distribution agreement with Jade Entertainment and Gaming Technologies Inc., a diversified slots and gaming machine distributor with a presence in key Asian casino markets.

The partnership is aimed at accelerating sales and deployment of Jackpot Digital's revolutionary Jackpot Blitz electronic multiplayer dealerless poker machines into casinos throughout Asia. It represents a synergy of expertise, innovation and shared values. Together, Jade Group and Jackpot Digital will leverage their respective strengths to drive growth, foster innovation and enhance customer experiences in Asia.

"We are very excited to be working with Jade Group, an established gaming machine distributor based in Asia. The collaboration marks a significant milestone in our expansion strategy and our first formal distribution agreement to enter the Asian marketplace," states Jake Kalpakian, president of Jackpot Digital.

"We expect this partnership will open new markets for us throughout Asia. The combined expertise and resources of both companies will propel casino adoption of Jackpot Blitz to new heights, thanks to our shared vision and commitment to innovation," Mr. Kalpakian continued.

Jade Group chief executive officer Joe Pisano states: "This partnership underscores our commitment to excellence and innovation in the gaming industry. By joining forces with Jackpot Digital, we are poised to unlock new opportunities in new markets especially India, Sri Lanka and Nepal where Poker is classified as a skill game and in Vietnam where the Jackpot Blitz product meets the local regulations. These new markets will accelerate our growth trajectory and deliver even greater value to our customers. Jackpot Blitz is a versatile casino smart table and is well suited to the diverse market in Asia."

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 AND Washington, as well as several international jurisdictions.

About Jackpot Digital Inc.

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.

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