Business
Jackpot Digital Signs Penn Entertainment's Hollywood Casino & Resort Gulf Coast in Mississippi
VANCOUVER, BC / ACCESSWIRE / June 20, 2023 / Jackpot Digital Inc. (the "Company" or "Jackpot") (...
About this update from Jackpot Digital Inc.
[{"type":"text","content":"Jackpot Digital Signs Penn Entertainment’s Hollywood Casino & Resort Gulf Coast in MississippiVANCOUVER, BC / ACCESSWIRE / June 20, 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 letter of intent (\"LOI\") to install the Company's Jackpot Blitz® dealerless poker ETG at Penn Entertainment's Hollywood Casino & Resort Gulf Coast, located in Bay St. Louis, Mississippi, USA, adding yet another new jurisdiction to the Company's growing Jackpot Blitz® footprint. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.Year-to-date, the Company has announced new agreements or LOIs for 15 Jackpot Blitz® table installations and has received LOIs for an additional 16 tables from yet-to-be-announced partners, for a total of 31 new Jackpot Blitz® orders. These new orders, once installed, will represent approximately 45% 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 Hollywood Casino & Resort Gulf Coast, a well-known casino in the State of Mississippi, and one of the new Penn Entertainment properties to order Jackpot Blitz®. Players and casinos alike are excited by our product as it offers more game options and faster, err...