Jackpot Digital Inc. develops and deploys Jackpot Blitz® dealerless multiplayer electronic poker table games for casino and gaming-lounge operators. Company news centers on software license and equipment lease agreements, table installations and launches, and regulatory approvals that allow the company to supply and service electronic table games in licensed gaming jurisdictions.
Recurring updates also describe the Jackpot Blitz® platform, including its touchscreen interface, automated poker format, back-end game management tools, cash-game and tournament support, and recurring revenue model tied to installed tables.
Jackpot Digital Inc. has successfully completed its acquisition of certain assets from 52 Gaming, LLC, approved by the TSX Venture Exchange. The deal involves a cash payment of US$107,500, a promissory note of US$470,000, the issuance of 1,500,000 common shares, and 2,000,000 share purchase warrants. This acquisition will enhance Jackpot's market position in the electronic table games sector, particularly in the cruise ship industry, and includes a non-compete agreement. The company anticipates increased cash flow with additional licensing from six vessels.