JACKPOT DIGITAL INC NEW - JPOTF STOCK NEWS

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.

Jackpot Digital Inc. announces participation in iGaming & Entertainment Virtual Investor Conference

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.

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.

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.