Jackpot Digital Inc Stock Price, News & Analysis

Jackpot Digital Inc. (OTCQB: JPOTF) has appointed Angelo Palmisano as Chief Strategy Officer. With 30 years of extensive gaming industry experience, Palmisano previously founded a successful gaming technology company and played a key role in expanding a multi-billion-dollar gaming firm. He is expected to drive growth and capitalize on the launch of Jackpot's new product, Jackpot Blitz™. CEO Jake Kalpakian expressed confidence in Palmisano's ability to lead the company toward a significant growth trajectory amid promising market opportunities.

Jackpot Digital Inc. (OTCQB: JPOTF) has received a Class II Vendor's license from Three Rivers Casino Resort in Florence, Oregon. This license allows the company to install five Jackpot Blitz™ ETGs at the casino, expected to be operational by the end of February 2022. CEO Jake Kalpakian expressed enthusiasm for this installation, viewing it as a key opportunity to enhance their recurring revenue from land-based casino operations. The company aims to complement its cruise ship business with further expansion in the casino segment throughout 2022.

Jackpot Digital Inc. (OTCQB: JPOTF) is set to launch an advanced version of Jackpot Blitz™ in early 2022. This new version will integrate the Slot Accounting System (SAS) protocol, allowing cash and voucher transactions at each gaming seat. By meeting industry standards, this upgrade vastly increases the number of casinos that can implement Jackpot Blitz™, unlocking significant market potential. The company aims to prepare its manufacturing and supply chain for this rollout and will showcase the product at major gaming trade shows throughout the year.

Yo Eleven Gaming Inc. has successfully closed a non-brokered private placement, raising $132,000 by issuing 6,600,000 units at $0.02 each. Each unit consists of a common share and a warrant, allowing purchase at $0.25 for three years. The company also entered a Binding Letter of Intent with Sparlay LLC to negotiate a software option agreement for a peer-to-peer sports betting platform. Proceeds from the financing will support general working capital needs.

Jackpot Digital Inc. (OTCQB:JPOTF) has signed an agreement with Virgin Voyages to install a Jackpot Blitz™ Electronic Table Game on its latest cruise ship, Resilient Lady. This installation extends Jackpot's presence, as all Virgin cruise ships will feature the Jackpot Blitz™ ETG. CEO Jake Kalpakian expresses confidence in the ongoing partnership and the success of their gaming systems. The Jackpot Blitz™ ETG is designed to enhance gaming experiences while optimizing staffing for cruise operators.

Jackpot Digital Inc. has signed a binding letter of intent with Sac & Fox Casino in Kansas to install two Jackpot Blitz™ Electronic Table Games (ETGs), pending regulatory approvals. President & CEO Jake Kalpakian highlighted the company's expansion into new jurisdictions, enhancing partnerships with tribal casinos. The ETGs offer a unique poker experience without delays from dealer changes. General Manager Eric Wright noted the casino's excitement to introduce this technology, catering to local poker enthusiasts.

Jackpot Digital Inc. (OTCQB:JPOTF) announces a non-brokered private placement to raise up to $975,000 through the issuance of 6,500,000 units priced at $0.15 each. Each unit includes one common share and a warrant to purchase an additional share at $0.25 for three years. Funds will be used for production materials of Jackpot Blitz™ tables, licensing fees, and working capital. An insider plans to sell 3,000,000 shares to fund this investment. The company engages Brian Gusko Advisory Services for market awareness efforts.

Jackpot Digital Inc. has signed a licensing agreement with Three Rivers Casino Resort in Oregon to install five Jackpot Blitz™ Electronic Table Games (ETGs). This marks the largest single order from a land-based casino to date for Jackpot Digital. The agreement is pending regulatory approvals. CEO Jake Kalpakian expresses optimism regarding the sales pipeline, indicating potential for further expansion in the U.S. ETG market. Three Rivers Casino's Director of Gaming highlights that the ETGs will enhance their poker offerings.

Jackpot Digital Inc. (OTCQB:JPOTF) announced a licensing agreement with Casino Cosmos in Tsaghkadzor, Armenia, to install two Jackpot Blitz™ Electronic Table Games. This agreement is contingent upon obtaining regulatory approvals. CEO Jake Kalpakian emphasized that each new table enhances recurring revenue while improving the gaming experience for consumers. Casino Cosmos expressed enthusiasm for the installation, noting the advanced features of Jackpot Blitz™. The company focuses on multiplayer gaming products and backend tools for the regulated casino industry.