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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.
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.
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.
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.
Jackpot Digital Inc. (OTCQB:JPOTF) announced the successful installation of two Jackpot Blitz® ETGs at Sac & Fox Casino in Kansas on October 8, 2022. This expansion adds to its growing customer base, enhancing recurring revenue. The company capitalizes on inflationary pressures and workforce shortages in the casino sector, making its dealerless gaming solutions increasingly attractive. President and CEO Jake Kalpakian emphasized the advantages of their technology, which increases hands dealt per hour while reducing operational costs.
Jackpot Digital Inc. has successfully sold two Jackpot Blitz® dealerless poker ETGs to a casino group in Vietnam, generating total gross revenue of USD $150,000. Each table was sold for USD $75,000. CEO Jake Kalpakian noted that this sale reflects the company's ongoing expansion and its adaptability to customer preferences between outright purchases and revenue-sharing models. Jackpot Digital specializes in electronic table games for the cruise and regulated casino industries, addressing a growing trend toward automation in gaming.
Jackpot Digital Inc. (OTCQB: JPOTF) is set to showcase its new Jackpot Blitz® Dealerless Poker ETG at the 2022 Global Gaming Expo in Las Vegas from October 11-13. The upgraded ETG supports the Slot Accounting System (SAS) protocol, enabling cash and voucher transactions at each seat. This significant upgrade aims to broaden market access for the product, responding to increased casino demand driven by labor shortages and inflation. The company anticipates a busy exhibition schedule with positive reviews already received from casinos.
Jackpot Digital Inc. has signed a licensing agreement with Norson Group S.R.L. to install five Jackpot Blitz Electronic Table Games in the Dominican Republic. The agreement awaits regulatory approval. Norson operates 160 sports betting locations in the region. CEO Jake Kalpakian highlights the opportunity for growth due to inflationary pressures and labor shortages in casinos, making automated solutions appealing. Norson’s CEO expressed confidence in the success of the installed ETGs.
Jackpot Digital Inc. (OTCQB:JPOTF) reported record revenues of CAD $128,566 in August 2022, the highest since February 2020, attributed to the easing of COVID-19 restrictions. The company noted significant growth in bookings from the cruise ship sector and strengthening interest in the land-based casino segment.
CEO Jake Kalpakian highlighted the demand for their innovative dealerless technology, Jackpot Blitz®, which allows casinos to enhance revenue while reducing operational costs amidst industry-wide labor shortages.
Jackpot Digital Inc. (OTCQB: JPOTF) has secured licensing approval from the Sac & Fox Nation of Missouri Tribal Gaming Commission to install two Jackpot Blitz® ETGs at Sac & Fox Casino in Kansas. The installation is expected in the coming weeks, generating recurring monthly revenue through a revenue share model. CEO Jake Kalpakian emphasized the growing demand for dealerless technology due to inflationary pressures and employee shortages in casinos, positioning the company to benefit from the trend towards automation in the gaming industry.
Jackpot Digital Inc. reported its highest revenues since February 2020, achieving CAD $125,337 in July 2022. This improvement is attributed to the easing of COVID restrictions, leading to increased bookings in the cruise and casino gaming sectors. CEO Jake Kalpakian noted a growing interest in their products amid rising inflation and a labor shortage in the casino industry. The company's dealerless technology positions it well to capitalize on automation trends, enhancing revenue while reducing costs.
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