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. 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.
Jackpot Digital Inc. has received a Letter of Intent from a Midwestern US casino to trial five Jackpot BlitzTM electronic table games (ETGs) for ninety days, pending regulatory approvals. CEO Jake Kalpakian highlighted growing interest in their ETGs, stating that they aim to navigate the licensing process to expand into new markets. The company is enhancing its licensing efforts to optimize market entry strategy. However, there are uncertainties regarding the trial period's success and the regulatory approvals needed.
Jackpot Digital Inc (OTCQB:JPOTF) announced progress on its strategic Spinout of online gaming software assets to its subsidiary, Yo Eleven Gaming Inc. Following approvals from the TSX Venture Exchange and the Supreme Court of British Columbia, Jackpot plans to distribute one Yo Eleven Share for every five common shares held by non-dissenting shareholders. The final approval, expected at the Annual General and Special Meeting on September 16, 2021, requires a two-thirds majority vote. Detailed information will be made available on Jackpot's website on August 16, 2021.
Jackpot Digital Inc. has announced the fulfillment of orders for five additional Jackpot BlitzTM electronic poker tables (ETGs), marking a significant step towards recovery from the COVID-19 pandemic. The first table will be installed on Carnival's Discovery Princess, while two will be deployed on Royal Caribbean ships, a first for the brand. The company aims for growth, focusing on enhancing infrastructure to support increased demand in the regulated land-based casino market.
Jackpot Digital Inc. has scheduled an annual general and special meeting for September 16, 2021, to discuss resolutions regarding the proposed spinout of its online gaming software assets to Yo Eleven Gaming Inc. Shareholders will receive one Spinco share for every five Jackpot shares. The record date for voting is confirmed as July 21, 2021, but a new record date for share distribution will be established post-meeting approval. The spinout closure is anticipated around October 4, 2021, pending necessary approvals. Detailed information will be provided in an information circular sent to shareholders.
Jackpot Digital Inc. (OTCQB:JPOTF) announced that shareholders should note the record date for receiving Spinco shares as a dividend is July 21, 2021, with ex-dividend trading starting July 20, 2021. Spinco, named Yo Eleven Gaming Inc., will have a board that includes Howard Blank, a seasoned executive in the gaming sector. Jackpot aims to launch Yo Eleven this Fall, offering unique iGaming and sports betting options. The company specializes in electronic table games and mobile gaming for the cruise and regulated casino industries.