Jackpot Digital Inc - JPOTF STOCK NEWS

Jackpot Digital (JPOTF) has achieved a significant milestone by receiving its first state-issued gaming license in the United States from the Maine Gambling Control Unit (MGCU). This license enables the company to install its casino machines throughout Maine, expanding beyond their previous U.S. presence which was to Indian Gaming casino partnerships.

The company's flagship product, Jackpot Blitz® ETG, is a modern dealerless poker gaming solution that combines traditional multiplayer poker with digital technology. CEO Jake Kalpakian highlighted this approval as a major accomplishment that opens opportunities for expansion into larger state-regulated commercial casinos.

Jackpot Digital currently operates across various cruise lines including Carnival, Princess, Holland America, AIDA, and Costa Cruises. The company has also secured installations or orders in multiple North American jurisdictions including California, Louisiana, Michigan, Minnesota, Mississippi, Montana, Oregon, Saskatchewan, U.S. Virgin Islands, and Washington, along with several international locations.

Jackpot Digital Inc. (JPOTF) has received a repeat order from Northern Waters Casino Resort in Michigan for two additional Jackpot Blitz® electronic table games (ETGs), doubling their total to four machines. This expansion follows the successful initial installation of two units at the Watersmeet, Michigan location.

The casino's General Manager, John McGeshick, noted strong player satisfaction with the existing machines, prompting the expansion. Jackpot Blitz® is a dealerless electronic poker ETG offering fast-paced, interactive gaming experiences.

Beyond this installation, Jackpot Digital maintains a presence in the cruise industry with customers including Carnival, Princess, Holland America, AIDA, and Costa Cruises. The company has also secured land-based installations or orders across multiple U.S. states, Canada, and international jurisdictions.

Jackpot Digital (TSXV: JJ, OTCQB: JPOTF) has successfully installed two Jackpot Blitz® casino machines in the High Limit area at Grand Casino Mille Lacs Resort in Onamia, Minnesota. The electronic multiplayer dealerless poker tables will offer players enhanced entertainment options, including tournaments and cash games with faster gameplay.

The company's presence extends beyond this installation, with customers including major cruise lines such as Carnival Cruises, Princess Cruises, Holland America, AIDA, and Costa Cruises. Jackpot has also secured installations or orders across multiple jurisdictions including Canada and various U.S. states such as California, Louisiana, Michigan, Minnesota, Mississippi, Montana, New Mexico, Oregon, Saskatchewan, and the U.S. Virgin Islands, along with several international locations.

Jackpot Digital (TSXV: JJ, OTCQB: JPOTF) has successfully installed two Jackpot Blitz® electronic table games (ETGs) at Isleta Resort & Casino in Alburquerque, New Mexico. This installation marks the company's expansion into the New Mexico market and strengthens its position in the casino ETG sector.

The Jackpot Blitz® machines offer dealerless multiplayer poker experience, combining traditional poker play with automated technology. The tables were installed in the casino's Sportsbook area, representing part of Jackpot Digital's broader expansion strategy in the land-based casino gaming industry.

The company's customer base includes major cruise lines such as Carnival, Princess, Holland America, AIDA, and Costa Cruises, along with land-based installations across multiple U.S. states including California, Louisiana, Michigan, Minnesota, Mississippi, Montana, Oregon, Washington, and international jurisdictions.

Jackpot Digital (JPOTF) has received approval from the Alcohol and Gaming Commission of Ontario (AGCO) as a registered Gaming Related-Supplier. This license enables the company to supply its electronic table games, including the flagship Jackpot Blitz® system, to Ontario's gaming venues and casinos.

The company plans to immediately engage with gaming operators in Ontario to explore strategic partnerships. Jackpot Digital currently serves major cruise lines including Carnival, Princess, Holland America, AIDA, and Costa Cruises, and has announced land-based installations or orders across multiple jurisdictions in Canada, the United States, and internationally.

Jackpot Digital has signed a Letter of Intent to install two Jackpot Blitz® dealerless poker machines at Boomtown Casino & Hotel New Orleans. This marks the third PENN Entertainment property in Louisiana to partner with Jackpot Digital, pending regulatory and licensing approvals. Each installation will generate monthly recurring revenue for the company.

The company reports significant demand for Jackpot Blitz® across the United States and globally, with installations or orders spanning multiple jurisdictions including cruise ships (Carnival, Princess, Holland America, AIDA, Costa) and land-based locations in Canada, U.S. states (California, Louisiana, Michigan, Minnesota, Mississippi, Montana, Oregon, Washington), Saskatchewan, U.S. Virgin Islands, and international markets.

Jackpot Digital has reached an agreement with 52 Gaming to eliminate all current and future royalty payment obligations through a securities-based settlement. The company will issue 3,000,000 common shares at $0.14 per share and 2,000,000 share purchase warrants, exercisable at $0.14 for five years. This arrangement extinguishes the remaining US$300,000 of the total US$375,000 in royalty payments, with US$75,000 having been previously paid. The securities will include a mandatory hold period per applicable laws, and the transaction requires TSX Venture Exchange approval.

Jackpot Digital has ordered 100 additional Jackpot Blitz® dealerless electronic poker tables (ETGs) from its manufacturing partner, with production starting immediately. The company is experiencing strong demand and has license applications in progress across several North American jurisdictions. CEO Jake Kalpakian notes growing demand in Europe and Asia, expecting increased presence in these markets through 2024. The company's current customer base includes major cruise lines and installations or orders in 12 U.S. states and territories, along with several international jurisdictions.

Jackpot Digital Inc. (TSXV:JJ, US OTCQB:JPOTF) will showcase its next-generation Jackpot Blitz® electronic multiplayer dealerless poker table (ETG) at the 2024 Global Gaming Expo in Las Vegas from October 8-10. The company invites customers, investors, and the public to experience Jackpot Blitz® at Booth 2623, The Venetian Expo.

CEO Jake Kalpakian reports strong demand for Jackpot Blitz®, citing its ability to solve problems like cost control and automation of large-scale poker rooms with minimal staff. The next-generation Jackpot Blitz® features cash in/out capabilities and easier integration with casino back-end systems.

Jackpot has secured installations or orders from various cruise lines and land-based casinos across North America and international jurisdictions, positioning itself as a unique solution in the trend towards casino automation.