Jackpot Digital Signs Penn Entertainment’s Hollywood Casino & Resort Gulf Coast in Mississippi
VANCOUVER, BC / ACCESSWIRE / June 20, 2023 / 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 it has signed a letter of intent ("LOI") to install the Company's Jackpot Blitz® dealerless poker ETG at Penn Entertainment's Hollywood Casino & Resort Gulf Coast, located in Bay St. Louis, Mississippi, USA, adding yet another new jurisdiction to the Company's growing Jackpot Blitz® footprint. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.
Year-to-date, the Company has announced new agreements or LOIs for 15 Jackpot Blitz® table installations and has received LOIs for an additional 16 tables from yet-to-be-announced partners, for a total of 31 new Jackpot Blitz® orders. These new orders, once installed, will represent approximately
Each new table installed shall represent additional monthly recurring revenue to the Company.
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 11 states and territories in the U.S. and growing, including Mississippi, Washington, Nevada, California, Kansas, Louisiana, Minnesota, Montana, Oregon, South Dakota, U.S. Virgin Islands, as well as several international jurisdictions.
To view a short video of the new Jackpot Blitz®, click the thumbnail below.
Jackpot President & CEO, Mr. Jake Kalpakian states, "We are excited to be working with Hollywood Casino & Resort Gulf Coast, a well-known casino in the State of Mississippi, and one of the new Penn Entertainment properties to order Jackpot Blitz®. Players and casinos alike are excited by our product as it offers more game options and faster, error-free gameplay, all while improving casino operational efficiencies."
Mr. Kalpakian continues "Casinos all over the world are experiencing labor shortages and inflationary wage pressures, making our product more attractive than ever before. As a company we are uniquely positioned to take advantage of the macro trend toward automation in the casino industry. Through the innovative dealerless Jackpot Blitz® technology, casinos are quickly recognizing the benefits of more revenues by dealing more hands per hour while at the same time drastically reducing costs and eliminating operational/employee requirements all at once. Demand for Jackpot Blitz® has strengthened since introduction of our next generation Jackpot Blitz®, which allows for cash in / out and easier integration with each casino's back-end system."
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 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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