STOCK TITAN

JACKPOT DIGITAL INC NEW - JPOTF STOCK NEWS

Welcome to our dedicated page for JACKPOT DIGITAL NEW news (Ticker: JPOTF), a resource for investors and traders seeking the latest updates and insights on JACKPOT DIGITAL NEW stock.

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.

Rhea-AI Summary
Jackpot Digital Inc. has signed a software and license agreement to install its Jackpot Blitz® dealerless poker ETG at Glacier Peaks Casino in Montana. The company has announced new agreements for 17 installations and has received letters of intent for an additional 16 tables, representing a 50% increase in installations. The next generation Jackpot Blitz® is expected to be installed in the second half of 2023. The company's pipeline of new business is expected to grow throughout the year. Each new table installed will generate additional monthly recurring revenue for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.78%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.87%
Tags
none
-
Rhea-AI Summary

Jackpot Digital Inc. (OTCQB:JPOTF) has signed a letter of intent to install its Jackpot Blitz® electronic table game at Gray Wolf Peak Casino in Montana. This installation is contingent upon obtaining necessary regulatory approvals. Jackpot has established a strong presence with installations across ten U.S. states and multiple international locations, including partnerships with cruise lines such as Carnival and Virgin Voyages. The Jackpot Blitz® product is designed to enhance operational efficiency for casinos, addressing labor shortages and inflationary wage pressures. The company anticipates increased demand for this innovative dealerless gaming technology, which allows for faster gameplay and reduced operational costs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
none
Rhea-AI Summary

Jackpot Digital Inc. (OTCQB:JPOTF) has signed a letter of intent to install its Jackpot Blitz® electronic table games at Lucky Dog Casino in Skokomish, Washington. This addition marks a significant step in the company’s growth strategy, subject to obtaining necessary regulatory approvals. Jackpot Digital's products are increasingly being adopted in various states and territories across the U.S. and beyond, enhancing its revenue-generating capabilities. President & CEO Jake Kalpakian emphasizes the rising demand for Jackpot Blitz® due to its automation benefits, which address labor shortages and rising operational costs in the casino industry. The company caters to notable cruise lines and aims to leverage its innovative technology for improved operational efficiency.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
none
-
Rhea-AI Summary

Jackpot Digital Inc. (OTCQB:JPOTF) announced its participation in the 2023 Indian Gaming Tradeshow in San Diego on March 29-30, showcasing the new Jackpot Blitz® Dealerless Poker ETG. This advanced system integrates with the Slot Accounting System and features the Ticket In / Ticket Out protocol, enhancing operational capabilities for casinos. President and CEO, Jake Kalpakian, noted that the new functionalities respond to demand driven by ongoing labor shortages and inflation, enabling more casinos to adopt their technology. The tradeshow is a critical opportunity to penetrate the large US casino market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Jackpot Digital Inc. (OTCQB:JPOTF) has announced an agreement to install four Jackpot Blitz electronic table games (ETGs) at Penn Entertainment's Cactus Pete's Resort Casino in Jackpot, Nevada. This deal expands Jackpot's presence as it already serves multiple Penn properties. The company has orders in nine U.S. states and territories and numerous international jurisdictions. President & CEO Jake Kalpakian emphasized the strategic advantages of Jackpot Blitz, which addresses labor shortages and inflation pressures in casinos. The product's dealerless technology is recognized for improving operational efficiency and increasing revenue potential.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.05%
Tags
none
Rhea-AI Summary

Jackpot Digital Inc. (OTCQB: JPOTF) has signed letters of intent to install Jackpot Blitz® at L'Auberge Casino Resort in Lake Charles and L'Auberge Casino & Hotel in Baton Rouge, Louisiana, marking the first installations within Penn Entertainment properties.

These installations are pending regulatory approvals and are part of Jackpot's expansion into new jurisdictions. The company already serves various cruise lines and has installations across eight U.S. states. CEO Jake Kalpakian emphasized the rising demand for Jackpot Blitz® due to labor shortages and operational efficiencies, predicting increased revenues as casinos automate gameplay.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.04%
Tags
none

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.

JACKPOT DIGITAL INC NEW

OTC:JPOTF

JPOTF Rankings

JPOTF Stock Data

8.74M
129.58M
18.89%
10.4%
Gambling
Consumer Cyclical
Link
United States of America
Vancouver