Jackpot Digital Receives Approval from the Saskatchewan Liquor and Gaming Authority
Rhea-AI Summary
Jackpot Digital Inc. (TSXV: JJ) (OTCQB: JPOTF) has received approval from the Saskatchewan Liquor and Gaming Authority (SLGA) to act as a registered supplier of gaming supplies and services to regulated casinos in Saskatchewan, Canada. This follows a licensing agreement with the Saskatchewan Indian Gaming Authority (SIGA) to install Jackpot Blitz® dealerless poker ETGs in SIGA casinos.
SIGA plans to initially install Jackpot Blitz® machines at its Dakota Dunes and Gold Horse Casino properties. CEO Jake Kalpakian highlighted this as the first major jurisdictional, non-tribal license received by Jackpot during its expansion into the land-based casino market. The company has numerous license applications pending in the U.S. and other Canadian provinces.
Jackpot's customer base includes major cruise lines and land-based installations in various U.S. states, Canadian provinces, and international jurisdictions.
Positive
- Approval from Saskatchewan Liquor and Gaming Authority to supply gaming equipment
- Licensing agreement with Saskatchewan Indian Gaming Authority for Jackpot Blitz® installations
- Expansion into land-based casino market with first major jurisdictional, non-tribal license
- Multiple pending license applications in U.S. and Canadian provinces
- Existing customer base including major cruise lines and various land-based installations
Negative
- None.
News Market Reaction – JPOTF
In the trading session that priced this news, JPOTF declined 0.58%, reflecting a mild 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. - September 26, 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 received approval from the Saskatchewan Liquor and Gaming Authority ("SLGA") to act as a registered supplier of gaming supplies and services to regulated casinos in the Canadian province of Saskatchewan.
The approval follows the Company's news release dated February 6, 2024, announcing the signing of a licensing agreement with the Saskatchewan Indian Gaming Authority ("SIGA") to install the Company's Jackpot Blitz® dealerless poker ETGs into SIGA casinos.
SIGA operates seven casinos and Playnow.com in Saskatchewan. At the outset, SIGA proposes to install Jackpot Blitz® machines at its Dakota Dunes and Gold Horse Casino properties, located in Saskatoon and Lloydminster, respectively.
Jackpot CEO Jake Kalpakian states, "We are excited to receive approval as a gaming equipment supplier in Saskatchewan. This represents the first major jurisdictional, non-tribal license received by Jackpot during our continuing expansion into the land-based casino market. We have many more license applications underway in the U.S. and other Canadian provinces, which will dramatically impact our ability to accelerate the rollout of Jackpot Blitz® across North America."
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 U.S., 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/224650