Jackpot's Largest Customer Resumes Sailings

Rhea-AI Summary

Jackpot Digital Inc. (OTCQB:JPOTF) announced significant news regarding its largest customer, Carnival Corporation, which resumed cruise operations from Miami on July 4, 2021. This restart indicates a revival in gaming activities on cruise ships, where Jackpot's electronic table games (ETGs) are present. CEO Jake Kalpakian anticipates immediate revenue benefits as the company expands its presence in both cruise and land-based casinos. Jackpot has also acquired assets from 52 Gaming LLC, adding more clients to its portfolio.

Positive

• Carnival Corporation's cruise operations resuming indicates a recovery in the cruise industry and gaming activities.
• Expected immediate revenue impact from the resumption of cruise activities.
• Acquisition of assets from 52 Gaming LLC expands Jackpot's client base to include Holland America and P&O Australia.
• Increased interest in ETGs from regulated land-based casinos following GLI certification.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / July 7, 2021 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.A)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(Frankfurt:LVH3)(Berlin:LVH3) is pleased to announce that its largest customer, Carnival Corporation & plc, kicked off its first cruise in almost 16 months from the Port of Miami, the Cruise Capital of the World, on July 4 with the departure of the Carnival Horizon.

The ramp up toward regular sailings from Miami, the world's largest cruise ship port, also signals the re-start of gaming activity on cruise ships. Jackpot Blitz™ electronic table games (ETGs) are installed aboard many of these ships and have generated revenues for Jackpot.

Jackpot Digital CEO, Jake Kalpakian, states "the resumption of sailings by our largest customer is meaningful and we expect an immediate and positive revenue impact for our Company. We are emerging from a challenging year when ships and their casinos were closed. A return to business with our at-sea customers will complement Jackpot's aggressive land-based expansion plans. Since receiving GLI certification, the Company has experienced increased interest in its ETGs from regulated land-based casinos."

The Company has positioned itself as a leading provider of ETGs on cruise ships around the world including leading brands such as Carnival, Princess, Costa and Virgin Voyages. This winter, the Company is also scheduled to begin installations aboard Royal Caribbean vessels.

Jackpot's recent acquisition of key assets from 52 Gaming LLC have also added Holland America and P&O Australia to its roster of customers.

In addition to the Miami departures, many more ships are scheduled to depart from multiple ports as the cruise ship industry moves toward resuming normal operations.

About Jackpot Digital Inc.

Jackpot Digital Inc. is a leading electronic table games manufacturer and mobile gaming provider 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, 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", "expect", "propose", "anticipate", "intend", "plan", "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, expectations, 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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https://www.accesswire.com/654484/Jackpots-Largest-Customer-Resumes-Sailings

FAQ

What is the significance of Carnival Corporation's resumption of sailings for JPOTF?

The resumption of Carnival Corporation's sailings is significant for Jackpot Digital (JPOTF) as it indicates a revival in gaming activity on cruise ships, which is expected to positively impact the company's revenues.

How does Jackpot Digital plan to expand its business after Carnival's cruise restart?

Jackpot Digital plans to leverage the resumption of Carnival's cruise operations to enhance revenue and expand its presence in both cruise and land-based gaming markets.

What new clients has Jackpot Digital acquired recently?

Recently, Jackpot Digital acquired key assets from 52 Gaming LLC, adding Holland America and P&O Australia to its roster of clients.

What are the potential revenue impacts for Jackpot Digital after the cruise industry restarts?

Jackpot Digital expects an immediate revenue impact due to increased gaming activity on cruise ships as operations resume.

What certification has Jackpot Digital received that may impact its business?

Jackpot Digital received GLI certification, leading to increased interest in its electronic table games from regulated land-based casinos.