Jackpot Digital Signs PENN Entertainment's Boomtown Casino New Orleans
Rhea-AI Summary
Jackpot Digital has signed a Letter of Intent to install two Jackpot Blitz® dealerless poker machines at Boomtown Casino & Hotel New Orleans. This marks the third PENN Entertainment property in Louisiana to partner with Jackpot Digital, pending regulatory and licensing approvals. Each installation will generate monthly recurring revenue for the company.
The company reports significant demand for Jackpot Blitz® across the United States and globally, with installations or orders spanning multiple jurisdictions including cruise ships (Carnival, Princess, Holland America, AIDA, Costa) and land-based locations in Canada, U.S. states (California, Louisiana, Michigan, Minnesota, Mississippi, Montana, Oregon, Washington), Saskatchewan, U.S. Virgin Islands, and international markets.
Positive
- New installation agreement with Boomtown Casino New Orleans for two Jackpot Blitz® tables
- Secured partnerships with three PENN Entertainment properties in Louisiana
- Each installation generates monthly recurring revenue
- Strong presence across multiple cruise lines and land-based locations
Negative
- Installation pending regulatory and licensing approvals
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2024) - Jackpot Digital Inc. (TSXV: JJ) (TSXV: JJ.WT.C) (OTCQB: JPOTF) (Frankfurt Stock Exchange: LVH3) (the "Company"), a leading manufacturer of electronic multiplayer dealerless poker tables, is pleased to announce it has signed a Letter of Intent to install two (2) of the Company's Jackpot Blitz® dealerless poker machines at Boomtown Casino & Hotel New Orleans ("Boomtown Casino"), located in the historic French Quarter in New Orleans, Louisiana. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.
Each new table installed represents additional monthly recurring revenue to the Company.
Jackpot President and CEO, Mr. Jake Kalpakian, states, "We are very excited to announce this new partnership with Boomtown Casino. Jackpot has signed Letters of Intent with three (3) PENN Entertainment properties in Louisiana, and a strong pipeline of several additional casinos in the U.S. We continue to experience significant demand for Jackpot Blitz® across the United States, and worldwide. We anticipate our momentum will continue to build through 2024 and beyond, as we acquire more licenses and new properties to our installation base."
To view a short video of Jackpot Brand Ambassador, Pro Football Hall of Fame and 2-time Super Bowl winning coach, Jimmy Johnson, sharing the advantages of the world leading Jackpot Blitz®, click the thumbnail below:
Cannot view this video? Visit:
https://www.youtube.com/watch?v=Ok313WD5NpI
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 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.
About Jackpot Digital Inc.
A positive disruptor in the casino business, Jackpot Digital Inc. 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/233299
FAQ
How many Jackpot Blitz® tables will be installed at Boomtown Casino New Orleans under JPOTF's new agreement?
How many PENN Entertainment properties in Louisiana has JPOTF partnered with as of December 2023?
What type of revenue will JPOTF generate from the Boomtown Casino installation?
Which cruise lines currently feature JPOTF's Jackpot Blitz® tables?
What conditions must be met before JPOTF can install tables at Boomtown Casino?
