JACKPOT DIGITAL INC NEW - JPOTF STOCK NEWS

Jackpot Digital Inc. announced that Soboba Casino Resort in Southern California has increased its order of Jackpot Blitz™ electronic table games from two to six, establishing a fully automated digital poker room. This move reflects confidence in Jackpot's innovative gaming solutions and signifies potential growth opportunities as the gaming industry recovers. President and CEO Jake Kalpakian highlighted plans to expand their land-based presence and continue innovating in the sector.

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.

Jackpot Digital Inc. (OTCQB:JPOTF) announced its intention to explore business opportunities in Texas, including the operation of card rooms. The Texas poker market has expanded to 38 card rooms since 2015, featuring over 500 poker tables. Jackpot aims to leverage its innovative, dealer-less technology for its Jackpot Blitz electronic table game, which can enhance player experience while eliminating dealer costs. CEO Jake Kalpakian emphasized that this competitive advantage will help the company penetrate new markets as they reopen.

Jackpot Digital Inc. announced a strategic reorganization through a spin-out of its online gaming software assets to a new subsidiary, Spinco. This will involve transferring proprietary software to Spinco, which will issue shares to Jackpot shareholders. Each shareholder will receive one Spinco share for every five Jackpot shares held. The move aims to enhance regulatory processes, attract specialized management, and maximize shareholder value by allowing separate market valuations of the gaming and online gaming businesses. Approval from shareholders and regulatory bodies is required for completion.

Jackpot Digital Inc. (OTCQB:JPOTF) will present at the Emerging Growth Conference on May 12, 2021, at 1:15 PM ET. This interactive online event allows shareholders to engage with CEO Jake Kalpakian, who will present the company's updates and answer questions. Those unable to attend can access an archived version later. Additionally, Jackpot has engaged NAI Interactive Ltd. to enhance investor awareness, compensating them $9,500 over 12 months, pending TSX Venture Exchange approval.

Jackpot Digital Inc. announced a strategic reorganization involving a spin-out of its online gaming software assets to a new subsidiary, Spinco. This move aims to better leverage the company's Online Gaming Assets and improve capital raising opportunities by separating operations. Shareholders will receive Spinco Shares based on the ratio of Jackpot Shares determined by April 8, 2021, with a record date set for April 30, 2021. The spin-out, pending various approvals, is expected to close around May 27, 2021.

Jackpot Digital Inc. (OTCQB:JPOTF) announced a non-brokered private placement to raise up to $1.8 million by issuing up to 10 million units at $0.18 per unit. Each unit includes one common share and a warrant for $0.25 for five years. The funds will support the production of Jackpot Blitz electronic tables, regulatory licensing, software development, and working capital. The closing is anticipated around March 19, 2021, pending Exchange approval. The company aims to enhance its operational readiness amid the uncertainty in the cruise and land-based casino sectors.

Jackpot Digital Inc. has entered into a software license and equipment lease agreement with Casino Incanto in Nuevo Vallarta, Mexico, for two Jackpot Blitz electronic table game platforms. General Manager Sergio Gutierez praised the product's user-friendly design and sanitary features. CEO Jake Kalpakian expressed excitement about the growing market potential for Jackpot's products, emphasizing their production and distribution capacity improvements. The company specializes in electronic table games for casinos and cruise ships, aiming for global market leadership.

Jackpot Digital Inc. (OTCQB:JPOTF) announced plans to spin-out its online gaming software assets into a newly formed company, Spinco. This strategy aims to enhance the monetization of its digital assets and streamline regulatory processes while attracting specialized management. CEO Jake Kalpakian emphasized the demand for online/mobile app options from casino operators, particularly in the North American market. The transaction awaits shareholder and court approval, along with TSX Venture Exchange acceptance, and further details will be released soon.