Jackpot Digital Signs 4-Table Deal to Install Jackpot Blitz(R) at Gold Country Casino Resort in California
Jackpot Digital has signed a deal to install four Jackpot Blitz® dealerless poker tables at Gold Country Casino Resort in California. This agreement follows the successful acquisition of necessary licensing from the Berry Creek Rancheria Gaming Commission. Each new table installation is expected to generate recurring monthly revenue for the company. Jackpot Digital currently has over 70 Jackpot Blitz® tables in operation and an order book for more than 90 additional tables, indicating a 120% increase over the current base. These tables are being deployed in tribal and commercial casinos across North America and international jurisdictions. CEO Jake Kalpakian emphasized the company's commitment to fulfilling its growing order book throughout 2024 and beyond.
- Signed a 4-table installation deal at Gold Country Casino Resort.
- Secured necessary licensing from Berry Creek Rancheria Gaming Commission.
- Each new table will generate monthly recurring revenue.
- Current base of over 70 Jackpot Blitz® tables in the field.
- Order book has grown to include more than 90 additional tables, a 120% increase.
- Expansion efforts in both North American and international markets.
- Multiple cruise ship customers including Carnival Cruises and Princess Cruises.
- Absence of specific financial figures or revenue projections in the announcement.
- Potential risk if new installations do not meet revenue expectations.
- Dependence on obtaining further regulatory approvals for future installations.
VANCOUVER, BC / ACCESSWIRE / June 4, 2024 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(Frankfurt Exchange:LVH3), a leading manufacturer of electronic multiplayer dealerless poker tables, is pleased to announce it has signed a software and license agreement (the "Agreement") to install four (4) of the Company's Jackpot Blitz® dealerless poker machines at Gold Country Casino Resort, located in Oroville, California, USA.
Leading up to the signing of the Agreement, the Company successfully obtained the required licensing approvals from Berry Creek Rancheria Gaming Commission, the regulator for Gold Country Casino. The Company is now scheduling installation of four (4) Jackpot Blitz® tables at the property.
Each new table installed represents additional monthly recurring revenue to the Company.
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
Jackpot CEO, Jake Kalpakian, states "we are excited to be working with our newest partner, Gold Country Casino Resort, to introduce our next generation Jackpot Blitz® to the region north of Sacramento. 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."
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, Oregon, Saskatchewan, U.S. Virgin Islands, and Washington, as well as several international jurisdictions.
Click below to view a short video of Pro Football Hall of Fame and Super Bowl winning coach, Jimmy Johnson, sharing the advantages of the world leading Jackpot Blitz®:
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.
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FAQ
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