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Established in 1999, Jackpot Digital Inc. (formerly Las Vegas From Home.com Entertainment Inc.) is a Canadian publicly listed company trading on the TSX Venture Exchange (TSX.V: JP) and the US OTC Pink (JPOTF). Jackpot Digital Inc. is a prominent electronic table games manufacturer and mobile gaming provider for the cruise ship and regulated casino industries. Specializing in multiplayer gaming products like poker and casino games, they offer a suite of backend tools for operators to efficiently control and optimize their gaming business.
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Jackpot Digital Inc. has signed a licensing agreement to install its Jackpot Blitz® dealerless poker ETG at Chukchansi Gold Resort & Casino in California, expanding its footprint. The company has received new orders for 39 Jackpot Blitz® tables this year, representing a 60% increase in installations. The next generation Jackpot Blitz® is expected to be installed in Q4 2023. The company's pipeline of new business is expected to grow as it obtains licensing for new jurisdictions.
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Jackpot Digital Receives Licensing Approval for Coyote Valley Casino
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Jackpot Digital Inc. signs licensing agreement to install two Jackpot Blitz® dealerless poker ETGs at Northern Waters Casino Resort in Michigan, expanding their footprint. The company has received 38 new Jackpot Blitz® orders this year, representing a 58% increase in installations. The next generation Jackpot Blitz® is expected to be installed in Q4 2023. The company's pipeline of new business is expected to grow into 2024 as they obtain licensing for new jurisdictions.
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Jackpot Digital Inc. receives GLI certifications for its Next Generation Jackpot Blitz® poker tables
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Jackpot Digital to participate in The ThinkEquity Conference
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Pro football Hall of Fame coach signs with Jackpot Digital Inc.
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Jackpot Digital Inc. will showcase its next generation Jackpot Blitz® Dealerless Poker ETG at the 2023 Global Gaming Expo in Las Vegas. The new version supports the Slot Accounting System protocol and offers capabilities for cash/voucher acceptance and printing. The company continues to experience strong demand for Jackpot Blitz®, which solves labor and automation issues in the casino industry. The innovative technology allows for more hands per hour, increased revenues, and reduced costs for casinos.
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Jackpot Digital Inc. announces a licensing agreement with Jackson Rancheria Casino Resort to install three Jackpot Blitz® dealerless poker ETGs, expanding its footprint. The company has received new orders for a total of 36 Jackpot Blitz® tables this year, representing a 55% increase in installations. The company expects its pipeline of new business to continue growing in 2023. Each new table installed will generate additional monthly recurring revenue. Jackpot Blitz® offers more game options, faster gameplay, and improved operational efficiencies for casinos.
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Jackpot Digital Inc. announces participation in iGaming & Entertainment Virtual Investor Conference
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Jackpot Digital Inc. announces the closing of the third and final tranche of a private placement of convertible debentures, raising aggregate gross proceeds of Cdn$614,170. The debentures bear interest at 10% per annum and are convertible into common shares of the company. The company has also issued share purchase warrants exercisable at $0.10 per share. The total proceeds raised in all three tranches is $3,579,952.50. The company has paid finder's fees and the president & CEO participated in the private placement. The proceeds will be used for regulatory licensing fees, working capital, and debt repayment. Casino entrepreneur Lyle Berman has increased his position in the company. The company has made its first payment to the debentureholders and has a remaining payment schedule with a potential reduction in interest payments. The CEO is optimistic about the company's future prospects.
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FAQ
What is the current stock price of JACKPOT DIGITAL NEW (JPOTF)?
The current stock price of JACKPOT DIGITAL NEW (JPOTF) is $0.0509 as of October 15, 2024.
What is the market cap of JACKPOT DIGITAL NEW (JPOTF)?
The market cap of JACKPOT DIGITAL NEW (JPOTF) is approximately 8.7M.
When was Jackpot Digital Inc. founded?
Jackpot Digital Inc., formerly known as Las Vegas From Home.com Entertainment Inc., was founded in 1999.
Where is Jackpot Digital Inc. based?
Jackpot Digital Inc. is based in Vancouver, British Columbia, Canada.
What stock exchanges is Jackpot Digital Inc. listed on?
Jackpot Digital Inc. is listed on the TSX Venture Exchange (TSX.V: JP) and the US OTC Pink exchange under the symbol JPOTF.
What industry does Jackpot Digital Inc. operate in?
Jackpot Digital Inc. is a leading electronic table games manufacturer and mobile gaming provider for the cruise ship and regulated casino industries.
What products does Jackpot Digital Inc. specialize in?
Jackpot Digital Inc. specializes in multiplayer gaming products, including poker and casino games, along with a suite of backend tools for operators to efficiently manage their gaming business.
Who is the CEO of Jackpot Digital Inc.?
The CEO of Jackpot Digital Inc. is Jake H. Kalpakian.
What is Jackpot Digital Inc.'s approach to casino business?
Jackpot Digital Inc. is a positive disruptor in the casino business, offering dealerless multiplayer electronic poker tables for cruise ships and land-based regulated casinos.
How does Jackpot Digital Inc. work with casino operators?
Jackpot Digital Inc. provides a robust suite of backend tools for casino operators to efficiently control and optimize their poker business.
What notable partnerships does Jackpot Digital Inc. have?
Jackpot Digital Inc. has partnerships with notable cruise ship customers like Carnival Cruises, Princess Cruises, Holland America, AIDA, and Costa Cruises.
Where can I find more information about Jackpot Digital Inc.?
For more information on Jackpot Digital Inc., you can contact Jake H. Kalpakian, President and CEO, at (604) 681- 0204 ext. 6105, or visit the Company's website at www.jackpotdigital.com.
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