Business
Jackpot Digital Signs Glacier Peaks Casino in Montana
VANCOUVER, BC / ACCESSWIRE / August 10, 2023 / Jackpot Digital Inc. (the "Company" or "Jackpot")...
About this update from Jackpot Digital Inc.
[{"type":"text","content":"Jackpot Digital Signs Glacier Peaks Casino in MontanaVANCOUVER, BC / ACCESSWIRE / August 10, 2023 / Jackpot Digital Inc. (the \"Company\" or \"Jackpot\") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF) (Frankfurt Exchange: LVH3) is pleased to announce it has signed a software and license agreement to install the Company's Jackpot Blitz® dealerless poker ETG at Glacier Peaks Casino, located in Browning, Montana, USA. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.Year-to-date, the Company has announced new agreements or letters of intent for 17 Jackpot Blitz® table installations and has received letters of intent for an additional 16 tables from yet-to-be-announced partners, for a total of 33 new Jackpot Blitz® orders. These new orders, once installed, will represent approximately 50% increase in Jackpot Blitz® installations. The Company is in the process of obtaining licensing for the relevant jurisdictions and is expected to begin installing the next generation Jackpot Blitz® in the second half of 2023. The Company's pipeline of new business is expected to grow throughout 2023 as the Company obtains licensing for new jurisdictions.Each new table installed shall represent additional monthly recurring revenue to the Company.In addition to Jackpot's cruise ship customers, which include Carnival Cruises, Virgin Voyages, Princess Cruises, Holland America, AIDA, and Costa Cruises, Jackpot has announced land-based installations or orders in 11 states and territories in the U.S. and growing, including Mississippi, Washington, Nevada, California, Kansas, Louisiana, Minnesota, Montana, Oregon, South Dakota, U.S. Virgin Islands, as well as several international jurisdictions.To view a short video of the new Jackpot Blitz®, click the thumbnail below.Jackpot President & CEO, Mr. Jake Kalpakian states, \"We are excited to be working with Glacier Peaks Casino, located in the state of Montana, and yet another new Montana property to order Jackpot Blitz®. Players and casinos alike are excited by our product as it offers more game options and faster, error-free gameplay, all while improving casino operational efficiencies.\"Mr. Kalpakian continues \"Casinos all over the world are experiencing labor shortages and inflationary wage pressures, making our pr...