VANCOUVER, BC / ACCESSWIRE / September 26, 2023 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(Frankfurt Exchange:LVH3) is pleased to announce that on July 31, 2023, the Company has signed a licensing agreement to install three (3) of the Company's Jackpot Blitz® dealerless poker ETGs at Jackson Rancheria Casino Resort ("Jackson Rancheria"), located in Jackson, California, USA, further expanding the Company's growing Jackpot Blitz® footprint. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.
"Jackson Rancheria is thrilled to partner with Jackpot Digital as we introduce Jackpot Blitz® dealerless poker electronic table games to our casino floor," said Ms. Crystal Jack, CEO of Jackson Rancheria. "At Jackson Rancheria, we pride ourselves on offering a wide variety of state-of-the-art gaming experiences for our valued patrons. This exciting opportunity further expands our award-winning resort amenities, and we look forward to establishing a successful partnership with Jackpot Digital for years to come."
Year-to-date, the Company has announced new agreements or letters of intent ("LOIs") for 20 Jackpot Blitz® table installations and has received LOIs for an additional 16 tables from yet-to-be-announced partners, for a total of 36 new Jackpot Blitz® orders so far this year. These new orders, once installed, represent approximately 55% increase in Jackpot Blitz® installations. The Company is in the process of obtaining licensing for the relevant jurisdictions and is expected to begin installing the next generation Jackpot Blitz® in the second half of 2023. The Company's pipeline of new business is expected to grow throughout 2023 as the Company obtains licensing for new jurisdictions.
Each new table installed shall represent additional monthly recurring revenue to the Company.
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 Michigan, Mississippi, Washington, Nevada, California, Kansas, Louisiana, Minnesota, Montana, Oregon, South Dakota, U.S. Virgin Islands, as well as several international jurisdictions.
To view a short video of the new Jackpot Blitz®, click the thumbnail below.
Jackpot President & CEO, Mr. Jake Kalpakian states "We are excited to be working with Jackson Rancheria Casino Resort, a well-known casino resort in central California. Players and casinos alike are excited by our product as it offers more game options and faster, error-free gameplay, all while improving casino operational efficiencies."
Mr. Kalpakian continues "We continue to experience strong demand for Jackpot Blitz®. Our customers tell us Jackpot Blitz® is more attractive than ever before because of the many problems it solves, including cost control and the ability to fully automate the tournament functionality of a large scale poker room with minimal staff requirements. We are not aware of any other poker-first machines like Jackpot Blitz® in the marketplaces, and so we are uniquely positioned to take advantage of the macro trend toward automation in the casino industry. Through the innovative dealerless Jackpot Blitz® technology, casinos are quickly recognizing the benefits of more revenues by dealing more hands per hour while at the same time drastically reducing costs and eliminating operational/employee requirements all at once. Demand for Jackpot Blitz® has strengthened since introduction of our next generation Jackpot Blitz®, which allows for cash in / out and easier integration with each casino's back-end system."
About Jackson Rancheria Casino Resort
Jackson Rancheria Casino Resort is located at 12222 New York Ranch Road, Jackson, CA 95642, in beautiful Amador County. Resort amenities include the Casino with table games, slots, and a High-limit Room, hotel, RV park, resort shuttle, and a variety of award-winning dining options. The surrounding region is home to the famous Mother Lode Gold Country, and features adventures for all, including world-class hiking, camping, fishing, boating, wineries, and rich history. For more information, call 1-800-822-9466 or visit www.JacksonCasino.com.
About Jackpot Digital Inc.
Jackpot Digital Inc. is a leading electronic table games manufacturer for the cruise ship industry and regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, which are complemented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.
For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681- 0204 ext. 6105, or visit the Company's website at www.jackpotdigital.com.
On behalf of the Board of Jackpot Digital Inc.
"Jake H. Kalpakian"
Jake H. Kalpakian
President & CEO
Trading in the securities of the Company should be considered speculative.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
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 news release.
Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding Jackpot's future plans, the obtaining of customary regulatory approvals, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expects", "propose", "anticipate", "intend", "plan", "plans" "estimate", "in due course" and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.
SOURCE: Jackpot Digital Inc.
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