Jackpot Digital Signs Distribution Agreement To Enter Casino Market in Asia

Rhea-AI Summary

Jackpot Digital Inc. announces a distribution agreement with Jade Entertainment and Gaming Technologies, Inc. to accelerate sales of electronic multiplayer dealerless poker tables in Asia. The partnership aims to drive growth, innovation, and enhance customer experiences in key Asian casino markets.

VANCOUVER, BC / ACCESSWIRE / March 26, 2024 / Jackpot Digital Inc. (the "Company" or "Jackpot Digital") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(FRA:LVH3), a leading manufacturer of electronic multiplayer dealerless poker tables, announces it has signed a distribution agreement with Jade Entertainment and Gaming Technologies, Inc. ("Jade Group"), a diversified slots and gaming machine distributor with a presence in key Asian casino markets.

The partnership is aimed at accelerating sales and deployment of Jackpot Digital's revolutionary Jackpot Blitz^® electronic multiplayer dealerless poker machines into casinos throughout Asia. It represents a synergy of expertise, innovation, and shared values. Together, Jade Group and Jackpot Digital will leverage their respective strengths to drive growth, foster innovation, and enhance customer experiences in Asia.

"We are very excited to be working with Jade Group, an established gaming machine distributor based in Asia. The collaboration marks a significant milestone in our expansion strategy and our first formal distribution agreement to enter the Asian marketplace" states Mr. Jake Kalpakian, President of Jackpot Digital.

"We expect this partnership will open new markets for us throughout Asia. The combined expertise and resources of both companies will propel casino adoption of Jackpot Blitz® to new heights, thanks to our shared vision and commitment to innovation", Mr. Kalpakian continued.

Jade Group CEO Mr. Joe Pisano states "This partnership underscores our commitment to excellence and innovation in the gaming industry. By joining forces with Jackpot Digital, we are poised to unlock new opportunities in new markets especially India, Sri Lanka and Nepal where Poker is classified as a skill game, and in Vietnam where the Jackpot Blitz® product meets the local regulations. These new markets will accelerate our growth trajectory and deliver even greater value to our customers. Jackpot Blitz® is a versatile ‘casino smart table', and is well suited to the diverse market in Asia."

In addition to Jackpot's cruise ship customers, which include Carnival Cruises, Virgin Voyages, Princess Cruises, Holland America, AIDA, and Costa Cruises, Jackpot has announced land-based installations or orders in 12 states and territories in the U.S. and growing, including California, Kansas, Louisiana, Michigan, Minnesota, Mississippi, Montana, Nevada, Oregon, South Dakota, U.S. Virgin Islands, Washington, as well as several international jurisdictions.

Please click the thumbnail below to view a short video of Jackpot Brand Ambassador and Pro Football Hall of Fame coach Jimmy Johnson describing the advantages of the world leading Jackpot Blitz^®.

About Jade Entertainment and Gaming Technologies, Inc.
Jade Group was established in 2009 and duly registered with the Securities and Exchange Commission in the Philippines. It has earned accreditation as a supplier to the Philippine Amusement and Gaming Corporation (PAGCOR). As a reputable distributor, Jade Group provides slot machines, gaming systems, paraphernalia, and technical support to premier casinos and esteemed gaming venues in the Philippines and throughout Southeast Asia, including India, Nepal, Sri Lanka, and Vietnam.

For more information about the Jade Group, visit http://www.jadegaming.com.ph/index.html.

About Jackpot Digital Inc.
A positive disruptor in the casino business, Jackpot Digital Inc. 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.

View the original press release on accesswire.com

FAQ

What is the purpose of the distribution agreement between Jackpot Digital Inc. and Jade Entertainment and Gaming Technologies, Inc.?

The purpose is to accelerate sales and deployment of Jackpot Digital's Jackpot Blitz electronic multiplayer dealerless poker machines in casinos throughout Asia.

Who is the President of Jackpot Digital Inc. and what are his views on the partnership?

Mr. Jake Kalpakian is the President of Jackpot Digital Inc. He is excited about the collaboration with Jade Group and sees it as a significant milestone in their expansion strategy.

Which new markets are targeted by this partnership?

The partnership aims to target new markets in Asia, specifically India, Sri Lanka, Nepal, and Vietnam where Poker is classified as a skill game and the Jackpot Blitz product meets local regulations.

What are some of the key casino customers of Jackpot Digital Inc.?

Jackpot Digital Inc. has cruise ship customers including Carnival Cruises, Virgin Voyages, Princess Cruises, Holland America, AIDA, and Costa Cruises. They have also announced land-based installations or orders in 12 states and territories in the U.S. and internationally.

Who is the CEO of Jade Entertainment and Gaming Technologies, Inc. and what are his views on the partnership?

Mr. Joe Pisano is the CEO of Jade Entertainment and Gaming Technologies, Inc. He believes that the partnership with Jackpot Digital will unlock new opportunities in new markets, accelerate growth, and deliver greater value to customers.