Jackpot Digital Completes 2-Table Installation at Northern Waters Casino Resort in Michigan

Rhea-AI Summary

Jackpot Digital, a leading manufacturer of electronic multiplayer dealerless poker tables, has successfully installed two Jackpot Blitz® machines at the Northern Waters Casino Resort in Michigan. This marks a significant milestone as the company expands its presence in North American tribal and commercial casinos.

The company now has over 70 tables in the field and an order book with more than 90 additional tables, reflecting a 120% increase. Installations are planned throughout 2024 and beyond, including in the U.S., Canada, and various international locations. CEO Jake Kalpakian highlighted the company's commitment to fulfilling its growing order book, signaling continued growth and innovation in gaming technology.

Positive

• Successful installation of two Jackpot Blitz® tables at Northern Waters Casino Resort.
• Over 70 Jackpot Blitz® tables currently operational in the field.
• Order book includes more than 90 additional tables, a 120% increase over the current installation base.
• Expanding presence in North American tribal and commercial casinos.
• Growing discussions with various casino groups to further increase the order book.
• CEO Jake Kalpakian indicates continued installations throughout 2024 and beyond.

Negative

• No specific financial figures or revenue impact disclosed in the PR.
• Potential risk of over-reliance on a number of casino groups for future growth.
• Unclear timelines for the completion of upcoming installations.

VANCOUVER, BC / ACCESSWIRE / June 13, 2024 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(FRA:LVH3), a leading manufacturer of electronic multiplayer dealerless poker tables, is pleased to announce it has successfully completed the installation of two (2) Jackpot Blitz^® casino machines at Lac Vieux Desert Northern Waters Casino & Resort, a wholly owned instrumentality of the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized Indian tribe ("Northern Waters") nestled in the Northwoods of the Upper Peninsula of Michigan in Watersmeet, Michigan.

John C. McGeshick, the General Manager of Northern Waters states "at Northern Waters, we are committed to offering the most innovative and cutting-edge gaming technology on the market. I am delighted to announce the arrival of our new Jackpot Blitz^® poker games. We welcome players from near and far to come and enjoy a state-of-the-art poker experience, sports betting, bingo, golf, fine dining and fun."

Jackpot CEO, Jake Kalpakian, states "We are excited to have our next generation Jackpot Blitz^® installed at Northern Waters. We continue to execute our plan to fulfill our order book. Our stakeholders can expect to see more installations and orders as we move through Q2, throughout 2024 and beyond."

Currently, the Company has over 70 Jackpot Blitz^® tables in the field. The Company's order book continues to grow and now includes more than 90 additional Jackpot Blitz® tables, an increase of approximately 120% over the current installation base. The Company is continuing to execute on the installation of these tables at tribal and commercial casinos, mostly in North America and certain international jurisdictions. Furthermore, the Company is in discussions with many casino groups to expand its order book.

In addition to Jackpot's cruise ship customers, which include Carnival Cruises, Princess Cruises, Holland America, AIDA, and Costa Cruises, Jackpot has announced land-based installations or orders in Canada and the U.S., including California, Louisiana, Michigan, Minnesota, Mississippi, Montana, New Mexico, Oregon, Saskatchewan, U.S. Virgin Islands, and Washington, as well as several international jurisdictions.

To view a short video of Jackpot Brand Ambassador, Pro Football Hall of Fame and Super Bowl winning coach, Jimmy Johnson, sharing the advantages of the world leading Jackpot Blitz^®, click the thumbnail below:

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.

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.

View the original press release on accesswire.com

FAQ

What recent installations has Jackpot Digital completed?

Jackpot Digital has completed the installation of two Jackpot Blitz® tables at Northern Waters Casino Resort in Michigan.

How many Jackpot Blitz® tables does Jackpot Digital currently have in operation?

Jackpot Digital currently has over 70 Jackpot Blitz® tables in operation.

What is the current order book size for Jackpot Digital's Jackpot Blitz® tables?

The order book for Jackpot Digital's Jackpot Blitz® tables includes more than 90 additional tables.

What is the percentage increase in Jackpot Digital's order book for Jackpot Blitz® tables?

The order book has increased by approximately 120% over the current installation base.

In which regions is Jackpot Digital expanding its installations?

Jackpot Digital is expanding its installations in North American tribal and commercial casinos, along with various international locations.

What are some of the cruise lines that use Jackpot Digital's products?

Cruise lines using Jackpot Digital's products include Carnival Cruises, Princess Cruises, Holland America, AIDA, and Costa Cruises.