Jackpot Digital Receives Class II License to Install Five Jackpot Blitz(TM) ETGs in Oregon’s Three Rivers Casino
Jackpot Digital Inc. (OTCQB: JPOTF) has received a Class II Vendor's license from Three Rivers Casino Resort in Florence, Oregon. This license allows the company to install five Jackpot Blitz™ ETGs at the casino, expected to be operational by the end of February 2022. CEO Jake Kalpakian expressed enthusiasm for this installation, viewing it as a key opportunity to enhance their recurring revenue from land-based casino operations. The company aims to complement its cruise ship business with further expansion in the casino segment throughout 2022.
- Received Class II Vendor's license for installing ETGs at Three Rivers Casino.
- Initial installation of five Jackpot Blitz™ ETGs boosts operational capacity.
- CEO expresses optimism about increasing recurring revenue from land-based casinos.
- None.
VANCVOUER, BC / ACCESSWIRE / February 4, 2022 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF) is pleased to announce it has received the Class II Vendor's license from Three Rivers Casino Resort ("Three Rivers") located in Florence, Oregon. The Class II Vendor's license was the final step required for the Company to officially install Jackpot Blitz™ ETGs at the property. The Company will initially install five (5) of its revolutionary, dealerless Jackpot Blitz™ ETGs at Three Rivers. The tables are expected to be installed and in operation on the floor of Three Rivers Casino by the end of February 2022.
Jackpot Digital's President and CEO, Jake Kalpakian, states "We are very excited about installing our table at Three Rivers casino in Florence, Oregon, a premiere gaming venue. We see Three Rivers as a perfect fit for our Jackpot Blitz™ ETGs and we look forward to seeing their guests enjoy an unrivalled poker experience."
Mr. Kalpakian continues, "In addition to complementing our cruise ship based business, we expect to significantly expand the recurring revenue portion of the land based casino segment of our business throughout 2022 with similar orders in our pipeline."
About Jackpot Digital Inc.
Jackpot Digital Inc. is a leading electronic table games manufacturer and mobile gaming provider 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 future plans, projected 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 to be", "expect", "propose", "anticipate", "intend", "plan", "plans" "estimate", 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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FAQ
What is the significance of Jackpot Digital's Class II Vendor's license?
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