Jackpot Digital Inc Stock Price, News & Analysis

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.

Jackpot Digital has reached an agreement with 52 Gaming to eliminate all current and future royalty payment obligations through a securities-based settlement. The company will issue 3,000,000 common shares at $0.14 per share and 2,000,000 share purchase warrants, exercisable at $0.14 for five years. This arrangement extinguishes the remaining US$300,000 of the total US$375,000 in royalty payments, with US$75,000 having been previously paid. The securities will include a mandatory hold period per applicable laws, and the transaction requires TSX Venture Exchange approval.

Jackpot Digital has ordered 100 additional Jackpot Blitz® dealerless electronic poker tables (ETGs) from its manufacturing partner, with production starting immediately. The company is experiencing strong demand and has license applications in progress across several North American jurisdictions. CEO Jake Kalpakian notes growing demand in Europe and Asia, expecting increased presence in these markets through 2024. The company's current customer base includes major cruise lines and installations or orders in 12 U.S. states and territories, along with several international jurisdictions.

Jackpot Digital Inc. (TSXV:JJ, US OTCQB:JPOTF) will showcase its next-generation Jackpot Blitz® electronic multiplayer dealerless poker table (ETG) at the 2024 Global Gaming Expo in Las Vegas from October 8-10. The company invites customers, investors, and the public to experience Jackpot Blitz® at Booth 2623, The Venetian Expo.

CEO Jake Kalpakian reports strong demand for Jackpot Blitz®, citing its ability to solve problems like cost control and automation of large-scale poker rooms with minimal staff. The next-generation Jackpot Blitz® features cash in/out capabilities and easier integration with casino back-end systems.

Jackpot has secured installations or orders from various cruise lines and land-based casinos across North America and international jurisdictions, positioning itself as a unique solution in the trend towards casino automation.

Jackpot Digital Inc. (TSXV: JJ) (OTCQB: JPOTF) has received approval from the Saskatchewan Liquor and Gaming Authority (SLGA) to act as a registered supplier of gaming supplies and services to regulated casinos in Saskatchewan, Canada. This follows a licensing agreement with the Saskatchewan Indian Gaming Authority (SIGA) to install Jackpot Blitz® dealerless poker ETGs in SIGA casinos.

SIGA plans to initially install Jackpot Blitz® machines at its Dakota Dunes and Gold Horse Casino properties. CEO Jake Kalpakian highlighted this as the first major jurisdictional, non-tribal license received by Jackpot during its expansion into the land-based casino market. The company has numerous license applications pending in the U.S. and other Canadian provinces.

Jackpot's customer base includes major cruise lines and land-based installations in various U.S. states, Canadian provinces, and international jurisdictions.

Jackpot Digital Inc. (TSXV: JJ) (OTCQB: JPOTF) has successfully renegotiated its debt with major debentureholders, resulting in significant savings. The company made a US$900,000 payment, reducing the balance to US$1,800,000 and achieving an interest savings of CDN$3,751,042. Jackpot has the option to make a US$1,300,000 payment by November 1, 2024, for additional interest savings of US$500,000, which would fully settle the debentures. If not, the remaining balance is due by July 1, 2025, or a new debenture at 20% interest will be issued. The company is negotiating a credit line to manufacture Jackpot Blitz® tables in larger volumes and is pursuing licensing in multiple jurisdictions to expand its market presence.

Jackpot Digital Inc. (OTCQB: JPOTF) has successfully installed four Jackpot Blitz® electronic table games (ETGs) at Gold Country Casino Resort in Oroville, California. This marks the company's largest installation of its Next Generation Land-Based Jackpot Blitz® ETGs to date. The installation creates a fully automated poker room at Gold Country, offering players premier entertainment including tournaments and cash games.

CEO Jake Kalpakian expressed excitement about the installation and stated that stakeholders can expect more installations and orders throughout 2024 and beyond. Jackpot Digital's customer base includes major cruise lines and land-based casinos across various jurisdictions in the U.S., Canada, and internationally.

Jackpot Digital Inc. (TSXV: JJ) (OTCQB: JPOTF) has signed an agreement to install one Jackpot Blitz® dealerless poker machine at Treasure Island Resort & Casino in Welch, Minnesota. The company obtained necessary licensing approvals from the Prairie Island Gaming Commission and is now scheduling the installation. CEO Jake Kalpakian expressed excitement about adding another Minnesota partner to their growing customer base of land-based casinos.

Jackpot Digital has been expanding its presence in both cruise ship and land-based casino markets. Their cruise ship customers include major lines like Carnival, Princess, Holland America, AIDA, and Costa. The company has also announced installations or orders in various U.S. states, Canadian provinces, and international jurisdictions, indicating significant growth in their market reach.

Jackpot Digital Inc. (TSXV: JJ) (OTCQB: JPOTF) has signed an agreement to install two Jackpot Blitz® dealerless poker machines at Seneca Gaming & Entertainment in Salamanca, New York. This expansion is subject to regulatory and licensing approvals. The company's CEO, Jake Kalpakian, expressed excitement about partnering with Seneca Gaming & Entertainment, highlighting the potential for accelerated order flow and table installations throughout 2024 and beyond.

Jackpot Digital's customer base includes major cruise lines and land-based casinos across various U.S. states and international jurisdictions. The company's success in new markets is attributed to making operations easier and more profitable for their customers.