Jackpot Digital Completes 2-Table Installation at Odawa Casino in Michigan
Rhea-AI Summary
Jackpot Digital Inc. (OTCQB: JPOTF) has successfully installed two Jackpot Blitz® casino machines at Odawa Casino in Petoskey, Michigan. The company, a leading manufacturer of electronic multiplayer dealerless poker tables, now has over 70 Jackpot Blitz® tables in operation. Their order book has grown significantly, with more than 90 additional tables pending installation, representing a 120% increase over the current base.
Jackpot is actively expanding its presence in tribal and commercial casinos across North America and select international locations. CEO Jake Kalpakian expressed excitement about the installation and the company's ongoing execution of its growth plan. Jackpot's customer base includes major cruise lines and land-based casinos in various U.S. states, Canada, and international jurisdictions.
Positive
- Successfully installed two Jackpot Blitz® tables at Odawa Casino in Michigan
- Current installation base of over 70 Jackpot Blitz® tables
- Order book includes more than 90 additional tables, a 120% increase over current installations
- Expanding presence in tribal and commercial casinos across North America and internationally
- Diverse customer base including major cruise lines and land-based casinos in multiple jurisdictions
Negative
- None.
News Market Reaction – JPOTF
In the trading session that priced this news, JPOTF declined 13.42%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Jackpot Digital Inc. (TSXV: JJ) (TSXV: JJ.WT.B) (TSXV: JJ.WT.C) (OTCQB: JPOTF) (FSE: LVH3) (the "Company" or "Jackpot"), a leading manufacturer of electronic multiplayer dealerless poker tables, is pleased to announce it has successfully completed the installation of two (2) Jackpot Blitz® casino machines at Odawa Casino, located in Petoskey, Michigan.
Currently, the Company has over 70 Jackpot Blitz® tables in the field. The Company's order book continues to grow and now includes more than 90 additional Jackpot Blitz® tables, an increase of approximately
Jackpot CEO, Jake Kalpakian, states, "We are excited to have our next generation Jackpot Blitz® installed at Odawa Casino. We continue to execute our plan to fulfill our order book. Our stakeholders can expect to see more installations and orders as we move throughout 2024 and beyond."
In addition to Jackpot's cruise ship customers, which include Carnival Cruises, Princess Cruises, Holland America, AIDA, and Costa Cruises, Jackpot has announced land-based installations or orders in Canada and the United States, including California, Louisiana, Michigan, Minnesota, Mississippi, Montana, Oregon, Saskatchewan, U.S. Virgin Islands, Washington, as well as several international jurisdictions.
To view a short video of Jackpot Brand Ambassador, Pro Football Hall of Fame and Super Bowl winning coach, Jimmy Johnson, sharing the advantages of the world leading Jackpot Blitz®, click the thumbnail below:
About Jackpot Digital Inc.
A positive disruptor in the casino business, Jackpot Digital is a leading manufacturer of dealerless multiplayer electronic poker tables for the cruise ship and land-based regulated casino industries. The Company specializes in dealerless poker which is complemented by a robust suite of backend tools for casino operators to efficiently control and optimize their poker business.
For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681- 0204 ext. 6105, or visit the Company's website at www.jackpotdigital.com.
On behalf of the Board of Jackpot Digital Inc.
"Jake H. Kalpakian"
_____________________________
Jake H. Kalpakian
President & CEO
Trading in the securities of the Company should be considered speculative.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding Jackpot's future plans, the obtaining of customary regulatory approvals, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expects", "propose", "anticipate", "intend", "plan", "plans" "estimate", "in due course" and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217192