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JACKPOT DIGITAL INC NEW - JPOTF STOCK NEWS

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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. (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.

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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.

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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.

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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.

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Jackpot Digital Inc. (US OTCQB: JPOTF) has received licensing approval from the Santa Ynez Tribal Gaming Agency to install its Jackpot Blitz® electronic table games (ETGs) at Chumash Casino in California. The Company will install four dealerless ETGs initially. Jackpot has active installations or orders in seven U.S. states and territories, alongside cruise ship customers like Carnival and Virgin Voyages. Currently, 22 new table orders are pending, which will enhance monthly recurring revenue. CEO Jake Kalpakian emphasizes that labor shortages and inflation are making their automated gaming solutions increasingly valuable to casinos.

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Jackpot Digital Inc. has signed a letter of intent to install two Jackpot Blitz® electronic table games at Grand Casino Mille Lacs in Minnesota, expanding its market presence. This installation meets growing demand as casinos face labor shortages and inflationary wage pressures, making the company’s dealerless technology more appealing. The next-generation Jackpot Blitz® allows for improved cash operations and seamless backend integration. The company is strategically positioned to capitalize on automation trends in the gaming industry, aiming to boost revenues while reducing costs.

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Jackpot Digital Inc. (OTCQB:JPOTF) announces showcasing its Jackpot Blitz® Dealerless Poker ETG at ICE London from February 7-9, 2023. This marks the first introduction of this next-generation ETG to a European audience. The update includes integration of the Slot Accounting System (SAS) and Ticket In / Ticket Out (TITO) protocols, enhancing functionality for cash and voucher transactions, making it easier for casinos to adopt the technology. The product is expected to attract significant interest due to rising demand from casinos facing labor shortages and inflation pressures. CEO Jake Kalpakian highlights that this upgrade opens new markets and addresses key operational requirements.

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Jackpot Digital Inc. has entered a partnership with a leading global gaming equipment manufacturer to produce its Jackpot Blitz® dealerless electronic table games (ETGs). The initial order includes 100 units, with plans for more throughout 2023 pending licensing approvals. The agreement aims to reduce manufacturing costs, enhance capacity, and expedite delivery. The CEO highlights the importance of this collaboration as demand for their products grows, allowing the company to streamline operations and focus on expanding its customer base.

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Jackpot Digital Inc. has signed a Master Services Agreement with PENN Entertainment Inc., facilitating the installation of Jackpot Blitz® electronic table games in PENN's casinos across North America. This partnership will enable Jackpot to earn a share of revenues from each installation on a recurring monthly basis, with the first orders expected to be delivered in early 2023, pending regulatory approvals. The agreement follows a surge in demand for Jackpot's gaming products, reflecting a broader shift towards automation in the casino industry.

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Jackpot Digital Inc. (OTCQB:JPOTF) has signed a licensing agreement with Chumash Casino Resort to install four Jackpot Blitz Electronic Table Games (ETGs). The deal is pending customary regulatory approvals. Chumash Casino, located in Santa Ynez, California, boasts a 94,000-square-foot gaming area with over 2,300 slots and various gaming tables. The partnership aims to provide a cost-effective digital poker solution, enhancing the casino's gaming offerings while minimizing expenses and labor.

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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 $0.0455 as of December 23, 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

8.73M
149.34M
19.77%
10.42%
Gambling
Consumer Cyclical
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United States of America
Vancouver