Jackpot Digital Signs Agreement with Southern California's Casino Pauma
Jackpot Digital Inc. announced a licensing agreement with Casino Pauma in California to install two Jackpot Blitz™ Electronic Table Games. Subject to regulatory approvals, this partnership adds to Jackpot's growing client base, with a total of 25 ETGs ordered since the pandemic reopening, a 43% increase. The ETGs are expected to generate recurring monthly revenues, benefiting from strong industry demand. CEO Jake Kalpakian highlighted the favorable market conditions for these products.
- Signed licensing agreement with Casino Pauma for 2 Jackpot Blitz™ ETGs.
- Total orders for Jackpot Blitz™ ETGs increased by 43% since pandemic reopening.
- Expected recurring monthly revenues from installed ETGs.
- None.
VANCOUVER, BC / ACCESSWIRE / June 16, 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 that it has signed a licensing agreement with Casino Pauma, located in Pauma Valley, California to install two (2) Jackpot Blitz™ Electronic Table Games ("ETGs"). The licensing agreement is subject to obtaining the customary regulatory approvals.
Casino Pauma is an award-winning Casino property (as awarded by the Southern California Gaming Guide Reader's Choice 2021 for Best Casinos) situated in the beautiful foothills of Palomar Mountain in southern California, just outside the greater San Diego area. Casino Pauma offers over 1,000 slot machines and several table games including Blackjack, Roulette and, Poker is anticipated to shortly be re-introduced with the Company's Jackpot Blitz™ ETGs.
President & CEO Mr. Jake Kalpakian states, "We are excited to enter into a partnership with Casino Pauma, a beautiful entertainment property and yet another new California casino added to our growing list of new customers. With this announcement, we have announced orders for 25 Jackpot Blitz™ ETGs, which represents a
Mr. Kalpakian continues, "This strong pipeline of new business is expected to continue through 2022 and beyond. Once installed, each Jackpot Blitz™ ETG shall earn a percentage of rake, that shall produce recurring monthly revenues for the Company. Industry demand is strong, and tight labor market conditions favor the use of Jackpot Blitz™ ETGs in casinos around the world."
Casino Pauma's Director of Table Games, Steve Ramuno, comments "We are excited to re-introduce poker to our guests through an amazing partnership with Jackpot Digital."
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 is the latest agreement announced by Jackpot Digital (JPOTF)?
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