STOCK TITAN

Jackpot Digital Signs Four-Table Deal With Chumash Casino Resort in Southern California

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Jackpot Digital Inc. (OTCQB:JPOTF) has signed a licensing agreement with Chumash Casino Resort to install four Jackpot Blitz Electronic Table Games (ETGs). The deal is pending customary regulatory approvals. Chumash Casino, located in Santa Ynez, California, boasts a 94,000-square-foot gaming area with over 2,300 slots and various gaming tables. The partnership aims to provide a cost-effective digital poker solution, enhancing the casino's gaming offerings while minimizing expenses and labor.

Positive
  • Signed licensing agreement with Chumash Casino Resort.
  • Installation of four Jackpot Blitz ETGs expands market presence.
  • Partnership introduces a cost-effective digital poker solution.
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / November 18, 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 Chumash Casino Resort to install four (4) Jackpot Blitz® Electronic Table Games ("ETGs") at their property. The licensing agreement is subject to obtaining the customary regulatory approvals.

Chumash Casino Resort is located in Santa Ynez, California near Santa Barbara and hosts a 94,000-square-foot casino floor with over 2,300 Slots, 45 Game Tables, a Bingo Room with 1,000 seats and a Poker Room.

Chumash Casino Resort's Chief Operating Officer, Bill Peters, states, "We are excited to begin this partnership and introduce Jackpot Blitz® at Chumash! We have been looking for a digital solution to offer poker and Jackpot Blitz® is a perfect fit, because it requires minimal expense and labor, while providing a fun and engaging poker experience for our players."

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.



View source version on accesswire.com:
https://www.accesswire.com/726811/Jackpot-Digital-Signs-Four-Table-Deal-With-Chumash-Casino-Resort-in-Southern-California

FAQ

What does the agreement between Jackpot Digital and Chumash Casino involve?

Jackpot Digital has signed a licensing agreement to install four Jackpot Blitz Electronic Table Games at Chumash Casino Resort.

When was the licensing agreement with Chumash Casino announced?

The licensing agreement was announced on November 18, 2022.

What is the stock symbol for Jackpot Digital?

The stock symbol for Jackpot Digital is JPOTF, traded on the OTCQB.

Where is Chumash Casino Resort located?

Chumash Casino Resort is located in Santa Ynez, California.

What kind of games will be installed at Chumash Casino?

Jackpot Digital will install four Jackpot Blitz Electronic Table Games, which are digital poker solutions.

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