Business
Jackpot Digital Signs Three-Table Deal with Jackson Rancheria Casino Resort in California
VANCOUVER, BC / ACCESSWIRE / September 26, 2023 / Jackpot Digital Inc. (the "Company" or "Jackpo...
About this update from Jackpot Digital Inc.
[{"type":"text","content":"Jackpot Digital Signs Three-Table Deal with Jackson Rancheria Casino Resort in CaliforniaVANCOUVER, BC / ACCESSWIRE / September 26, 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 that on July 31, 2023, the Company has signed a licensing agreement to install three (3) of the Company's Jackpot Blitz® dealerless poker ETGs at Jackson Rancheria Casino Resort (\"Jackson Rancheria\"), located in Jackson, California, USA, further expanding the Company's growing Jackpot Blitz® footprint. The installation is subject to Jackpot obtaining the customary regulatory and licensing approvals.\"Jackson Rancheria is thrilled to partner with Jackpot Digital as we introduce Jackpot Blitz® dealerless poker electronic table games to our casino floor,\" said Ms. Crystal Jack, CEO of Jackson Rancheria. \"At Jackson Rancheria, we pride ourselves on offering a wide variety of state-of-the-art gaming experiences for our valued patrons. This exciting opportunity further expands our award-winning resort amenities, and we look forward to establishing a successful partnership with Jackpot Digital for years to come.\"Year-to-date, the Company has announced new agreements or letters of intent (\"LOIs\") for 20 Jackpot Blitz® table installations and has received LOIs for an additional 16 tables from yet-to-be-announced partners, for a total of 36 new Jackpot Blitz® orders so far this year. These new orders, once installed, represent approximately 55% 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 12 states and territories in the U.S. and growing, including Michigan, Mississippi, Washington, Nevada, California, K...