Jackpot Digital Signs Two-Table Deal With Odawa Casino Resort in Michigan

Rhea-AI Summary

Jackpot Digital Inc. has signed a licensing agreement to install two Jackpot Blitz dealerless poker ETGs at Odawa Casino Resort in Michigan, USA. This agreement expands the company's footprint and is expected to generate additional monthly recurring revenue. The company has also announced land-based installations or orders in 12 states and territories in the U.S. and internationally. The company's brand ambassador, Pro Football Hall of Fame and Superbowl winning coach, Jimmy Johnson, has shared the advantages of Jackpot Blitz in a short video.

VANCOUVER, BC / ACCESSWIRE / January 19, 2024 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSX-V:JJ.WT.B)(TSX-V JJ.WT.C)(OTCQB:JPOTF)(Frankfurt Exchange:LVH3) is pleased to announce that the Company has signed a licensing agreement to install two (2) of the Company's Jackpot Blitz^® dealerless poker ETGs at Odawa Casino Resort ("Odawa"), located in Emmet County, Michigan, USA, further expanding the Company's growing Jackpot Blitz^® footprint. The installations are subject to Jackpot obtaining the customary regulatory and licensing approvals.

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 12 states and territories in the U.S. and growing, including Michigan, 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 Jackpot Brand Ambassador, Pro Football Hall of Fame and Superbowl winning coach, Jimmy Johnson, sharing the advantages of the world leading Jackpot Blitz®, click the thumbnail below.

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.

View the original press release on accesswire.com

FAQ

What is the licensing agreement signed by Jackpot Digital Inc.?

Jackpot Digital Inc. has signed a licensing agreement to install two Jackpot Blitz dealerless poker ETGs at Odawa Casino Resort in Michigan, USA.

Where will the new tables be installed?

The new tables will be installed at Odawa Casino Resort in Emmet County, Michigan, USA.

Who is Jackpot Digital Inc.'s brand ambassador?

Jackpot Digital Inc.'s brand ambassador is Pro Football Hall of Fame and Superbowl winning coach, Jimmy Johnson.

How many states and territories in the U.S. and internationally has Jackpot announced land-based installations or orders in?

Jackpot has announced land-based installations or orders in 12 states and territories in the U.S. and internationally.

What is the potential impact of the new installations on the company's revenue?

The new installations are expected to generate additional monthly recurring revenue for the company.