Welcome to our dedicated page for Jackpot Digital news (Ticker: JPOTF), a resource for investors and traders seeking the latest updates and insights on Jackpot Digital stock.
Jackpot Digital Inc. (OTCQB: JPOTF) generates frequent news as a provider of dealerless electronic poker table games to casinos, cruise ships and international gaming venues. Company announcements focus on the rollout and licensing of its Jackpot Blitz® dealerless multiplayer poker electronic table games (ETGs), as well as new agreements and installations with gaming operators.
News releases highlight deployment milestones, such as successful installations of Jackpot Blitz® tables at tribal and commercial casinos in U.S. states including Louisiana, New York, Wisconsin and others, as well as at the Vault Gaming Lounge in Jamaica. Updates also cover agreements with operators like Mesquite Entertainment in Nevada and PENN Entertainment in Mississippi, along with progress on regulatory approvals that enable the company to operate in new jurisdictions.
Another recurring theme in Jackpot Digital’s news is licensing activity. The company reports obtaining a supplier gaming license from the Michigan Gaming Control Board and a Mississippi gaming license, and notes that it is licensed in multiple U.S. and international jurisdictions, including various tribal casino markets. These developments are framed as key steps in expanding its footprint in regulated gaming markets.
Investors following JPOTF news will also see capital markets updates, such as increased warrant exercise activity and related insider ownership disclosures, as well as invitations to investor webinars and presentations. For anyone tracking the adoption of dealerless poker ETGs, regulatory progress and new casino partnerships, this news feed provides an ongoing view of Jackpot Digital’s operational and market expansion.
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.
Jackpot Digital Inc. has announced a binding Letter of Intent for a licensing agreement with Pit River Casino in California to install its Jackpot Blitz™ Electronic Table Games. This agreement requires customary regulatory approvals. CEO Jake Kalpakian expressed excitement about the collaboration, highlighting the increasing demand for their product, especially in tribal casinos. Pit River Casino's GM praised the engaging nature of Jackpot Blitz™, indicating strong interest from players, which may enhance the casino's appeal.
Jackpot Digital Inc. has successfully completed the spinout of its iGaming assets to Yo Eleven Gaming Inc. on November 4, 2021. This strategic move, executed through a Plan of Arrangement under British Columbia's Business Corporations Act, aims to enhance both companies' growth potential. Jackpot shareholders will receive one Yo Eleven share for every five Jackpot shares held as of November 1, 2021. This transaction simplifies the Jackpot brand and aligns both organizations for future opportunities, as stated by CEO Jake Kalpakian.
Jackpot Digital Inc. has received final approval from the Supreme Court of British Columbia for the spinout of its online gaming assets to its subsidiary Yo Eleven Gaming Inc.. Shareholders will receive one Yo Eleven common share for every five Jackpot shares held, with the record date set for November 1, 2021. The ex-distribution date is October 29, 2021. Additionally, Jackpot issued 124,967 common shares at $0.28 each to settle $34,990.96 in accrued interest to debenture holders, subject to a hold period expiring December 24, 2021.