Jackpot Digital Receives License to Install Jackpot Blitz(R) ETGs at Sac & Fox Casino
Jackpot Digital Inc. (OTCQB: JPOTF) has secured licensing approval from the Sac & Fox Nation of Missouri Tribal Gaming Commission to install two Jackpot Blitz® ETGs at Sac & Fox Casino in Kansas. The installation is expected in the coming weeks, generating recurring monthly revenue through a revenue share model. CEO Jake Kalpakian emphasized the growing demand for dealerless technology due to inflationary pressures and employee shortages in casinos, positioning the company to benefit from the trend towards automation in the gaming industry.
- Secured licensing approval to install Jackpot Blitz ETGs, expanding market presence.
- The revenue share model promises recurring monthly income.
- Positioned favorably to capitalize on the growing trend of automation in casinos.
- None.
VANCOUVER, BC / ACCESSWIRE / August 31, 2022 / 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 it has received licensing approval from the Sac & Fox Nation of Missouri Tribal Gaming Commission, which is the regulator for Sac & Fox Casino ("Sac & Fox") located in Powhattan, Kansas, to install Jackpot Blitz® ETGs at the property.
The Company will install two (2) of its revolutionary, dealerless Jackpot Blitz® ETGs at Sac & Fox.
Jackpot Digital's President and CEO, Jake Kalpakian, states, "We are excited to place more Jackpot Blitz® ETGs in the field and we expect installation of these units in the coming weeks. Our tables are installed on a revenue share basis and produce recurring monthly revenue."
Mr. Kalpakian continues, "Casinos all over the world are experiencing inflationary salary pressures, combined with a significant shortage of dealer/casino employees, making our product more attractive than ever before. The company is uniquely positioned to take advantage of the macro trend toward automation in the casino industry. Through Jackpot Blitz® innovative dealerless 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."
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 future plans, obtaining the customary regulatory approvals for new customers, 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 recent licensing approval did Jackpot Digital receive?
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