VANCOUVER, British Columbia / ACCESSWIRE / January 4, 2023 / Jackpot Digital Inc. (“We” or “Jackpot”) (TSXV:JJ)(TSX-V:JJ.WT.B)(TSX-V:JJ.WT.C)(OTCQB:JPOTF)(Frankfurt Exchange : LVH3) is pleased to announce that it has entered into a partnership agreement (“Agreement”) with a world-leading gaming machine manufacturer (“Jackpot’s New Partner”).
Pursuant to the Agreement and subject to certain terms and conditions, Jackpot’s new partners have agreed to provide their services to Jackpot solely and exclusively globally. Jackpot’s new partner manufactures Jackpot’s dealerless electronic table games (“ETG”) and offers fully assembled Jackpot Blitz® ETGs for installation in casinos around the world.
Jackpot has placed an initial order of 100 Jackpot Blitz ® ETGs to Jackpot’s new partners. Jackpot plans to place additional orders during 2023 subject to normal jurisdictional license approval.
Jackpot expects this Agreement to achieve several of Jackpot’s business objectives.
Significant reduction in production costs for Jackpot Blitz® ETG
Significantly increased manufacturing capacity
Ability to offer larger order sizes to Jackpot customers
Shorter delivery times
Global logistics reach
Faster integration of new extensions and features
Updated, cleaner, more attractive table design
Jackpot Digital Chief Strategy Officer Angelo Palmisano said: The growing need for customer engagement and support is critical to our explosive growth strategy over the next two years. ”
Jackpot Digital President and CEO Jake Kalpakian said: Both the size and frequency of orders are expected to grow as we move forward into 2023 and beyond.With demand and orders growing rapidly, finding the right partner to help streamline your business is the next step for your organization. In order for Jackpot Blitz® to continue to grow in demand, we need to stay lean and focus on growing our customer base while expanding our manufacturing capacity. We recognize that this new agreement will significantly expand our growth capacity, speed up our manufacturing process and reduce costs.”
About Jackpot Digital Inc.
Jackpot Digital Inc. is a leading manufacturer of electronic table games for the cruise ship industry and the regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, complemented by a powerful suite of back-end tools for operators to efficiently control and optimize their gaming business.
For more information about the company, please contact President and CEO Jake H. Karpakian (ext. 604) 681-0204. Visit 6105 or visit our website www.jackpotdigital.com.
On behalf of the Board of Directors of Jackpot Digital Inc.,
“Jake H. Karpakian”
Jake H. Karpakian
President and CEO
Trading in our securities should be considered speculative.
The TSX Venture Exchange has neither endorsed nor disapproved of the contents of this news release.
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Certain statements contained herein are “forward-looking statements.” Forward-looking statements may include, among other things, statements regarding future plans for the Jackpot. customary regulatory approvals, planned or proposed financing, costs, objectives, economic or technical performance, or assumptions underlying any of the foregoing; In this news release, the terms “could,” “could,” “could,” “could,” “could,” “feel,” “seek,” We use words such as “will”, “predict” and “may”. “should”, “could”, “objective”, “believe”, “expect”, “suggest”, “predict”, “intend”, “plan”, “plan” , “estimate”, “soon” and similar words are used to identify forward-looking statements. Forward-looking statements are subject to various risks, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, forecasts and estimates, it is unlikely that these assumptions, forecasts or estimates are accurate. There is no guarantee that. Readers, stockholders and investors are therefore cautioned not to rely on any forward-looking statements. Because the plans, assumptions, intentions or expectations on which they are based may not occur.
sauce: Jackpot Digital Inc.
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