STOCK TITAN

Jackpot Digital Sells Two Jackpot Blitz(R) Tables to an International Customer

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Jackpot Digital Inc. has successfully sold two Jackpot Blitz® dealerless poker ETGs to a casino group in Vietnam, generating total gross revenue of USD $150,000. Each table was sold for USD $75,000. CEO Jake Kalpakian noted that this sale reflects the company's ongoing expansion and its adaptability to customer preferences between outright purchases and revenue-sharing models. Jackpot Digital specializes in electronic table games for the cruise and regulated casino industries, addressing a growing trend toward automation in gaming.

Positive
  • Generated gross revenue of USD $150,000 from the sale of two Jackpot Blitz® tables.
  • Expansion into new markets, particularly the Vietnamese casino sector.
  • Increased adaptability in business model accommodating customer preferences.
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / October 4, 2022 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSX-V:JJ.WT.B)(TSX-V:JJ.WT.C)(OTCQB:JPOTF) (Frankfurt Exchange: LVH3) is pleased to announce that it has sold two Jackpot Blitz® dealerless poker ETGs to an international casino customer.

The customer is a commercial casino group located in Vietnam which owns multiple casino properties in the region.

Each table was sold for USD $75,000 resulting in a total gross revenue of USD $150,000 for the company.

Jackpot Digital President and CEO, Jake Kalpakian states, "We are excited to announce yet another new customer as we continue to expand the footprint of Jackpot Blitz® into new markets. While our usual business model is to license Jackpot Blitz® on a revenue share basis, some of our clients prefer to purchase the tables outright. We are happy to accommodate our customers' preferred method of implementation, as more and more casinos join the macro-trend toward automation and recognize the clear operational and entertainment benefits of Jackpot Blitz®".

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, 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", "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.



View source version on accesswire.com:
https://www.accesswire.com/718557/Jackpot-Digital-Sells-Two-Jackpot-BlitzR-Tables-to-an-International-Customer

JACKPOT DIGITAL INC NEW

OTC:JPOTF

JPOTF Rankings

JPOTF Latest News

JPOTF Stock Data

8.73M
149.34M
19.77%
10.42%
Gambling
Consumer Cyclical
Link
United States of America
Vancouver