Business
Jackpot Digital Corporate Update
VANCOUVER, BC / ACCESSWIRE August 27, 2019 / Jackpot Digital Inc. (the “Company...
About this update from Jackpot Digital Inc.
[{"type":"text","content":"Jackpot Digital Corporate UpdateVANCOUVER, BC / ACCESSWIRE August 27, 2019 / Jackpot Digital Inc. (the “Company” or “Jackpot”) (TSXV:JP)(TSXV:JP.WT)(TSXV:JP.RT)(OTCQB:JPOTF)(Frankfurt:LVH2)(Berlin: LVH2). Jackpot is pleased to announce the following corporate update.Jackpot Blitz™ - the Company currently has forty-four (44) Jackpot Blitz™ Electronic Table Game (“ETG”) platforms leased to casino operators and has completed the sale of two (2) Jackpot Blitz™ ETGs to land-based casino operators. Jackpot Blitz™ ETGs have been active for more than 15,000 cumulative days in cruise ship and land-based casinos since they were launched in Q3 2017. Leased Jackpot Blitz™ ETGs have earned the Company a monthly revenue averaging $3,000 CAD per ETG over the past eighteen (18) months.Jackpot Blitz™ Business Development - Further to the Company’s announcement on August 26, 2019 regarding new agreements signed for Jackpot Blitz™, the Company has current orders of more than a dozen Jackpot Blitz™ ETGs in the production process for lease or sale, the majority of which are scheduled to be installed by end of Q4, 2019. The Company anticipates having approximately fifty-five (55) Jackpot Blitz™ ETGs operational on lease to casino operators by end of Q4, 2019. Furthermore, the Company is in discussions/negotiations with numerous other casino operators in multiple jurisdictions for the installation of additional Jackpot Blitz™ ETGs.New Casino Gaming Product - Further to the Company’s News Release dated January 18, 2018, the Company continues to develop a new electronic gaming product for a casino operator client. The agreement covering the development of this product includes an initial order of twenty-five (25) units to be installed in the client’s casinos once this new product has cleared the client’s internal testing process. The Company anticipates shipping the product for the Client to begin internal testing in Q4, 2019. A further announcement will be made once certain terms and conditions of this agreement have been satisfied.New Casino Guest Services Product - The Company is in discussions with a major land-based casino operator for the development of a third new product (the “Guest Services Product&#...