Jackpot Digital Completes Installation at Glacier Peaks Casino in Montana

Rhea-AI Summary

Jackpot Digital has completed the installation of a Jackpot Blitz® casino machine at Glacier Peaks Casino in Montana. The company now has over 70 Jackpot Blitz® tables in operation, with an order book exceeding 90 additional tables, marking a 123% increase. The company is focused on executing these installations in tribal and commercial casinos across North America and some international locations. CEO Jake Kalpakian highlighted ongoing discussions with multiple casino groups to further expand orders. Jackpot Digital's clients include major cruise lines and land-based casinos in various U.S. states and Canadian provinces.

Positive

• Completed installation at Glacier Peaks Casino increases operational footprint.
• Over 70 Jackpot Blitz® tables currently in the field, indicating strong market presence.
• Order book of more than 90 additional tables, representing a 123% increase.
• Expansion plans include tribal and commercial casinos across North America and international jurisdictions.
• Ongoing discussions with multiple casino groups to further increase orders.
• Strong client base with major cruise lines and land-based casinos in various regions.

Negative

• No specific financial data provided, limiting insight into revenue impact.
• Installation of only one table at Glacier Peaks Casino may have minimal immediate financial impact.

VANCOUVER, BC / ACCESSWIRE / May 28, 2024 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(US OTCQB:JPOTF)(Frankfurt Exchange:LVH3), a leading manufacturer of electronic multiplayer dealerless poker tables, is pleased to announce it has successfully completed the installation of one (1) Jackpot Blitz® casino machine at Glacier Peaks Casino located in Browning, Montana.

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 123% 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.

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

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 several provinces and states in Canada the U.S., including California, Louisiana, Michigan, Minnesota, Mississippi, Montana, Oregon, Saskatchewan, U.S. Virgin Islands, 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 installation did Jackpot Digital complete?

Jackpot Digital completed the installation of a Jackpot Blitz® casino machine at Glacier Peaks Casino in Montana.

How many Jackpot Blitz® tables are currently in operation?

There are over 70 Jackpot Blitz® tables currently in operation.

What is the growth rate of Jackpot Digital's order book?

The order book has increased by approximately 123%.

Where is Jackpot Digital focusing its installation efforts?

Jackpot Digital is focusing on installations in tribal and commercial casinos across North America and some international jurisdictions.

Who are some of Jackpot Digital's notable clients?

Notable clients include Carnival Cruises, Princess Cruises, Holland America, AIDA, and Costa Cruises, as well as several land-based casinos in the U.S. and Canada.