Vancouver - Jackpot Digital Inc. (the 'Company' or 'Jackpot') (TSXV: JJ) (TSX-V: JJ.WT.B) (TSX-V: JJ.WT.C) (US OTCQB: JPOTF) (Frankfurt Exchange: LVH3) is pleased to announce that August 2022 set a new high for monthly revenues recorded by the Company since February 2020.
The Company attributes its strengthening revenues to the general relaxation of COVID-19 related travel restrictions resulting in a significant uptick for bookings as noted by the major operators of the cruise ship and casino gaming industries.
President and chief executive officer Jake Kalpakian stated, 'As COVID-19 restrictions are easing, our financial results continue to improve. During August 2022, we generated CAD $128,566 in revenues from the cruise ship industry segment, making it the highest revenues generated to date since February 2020, which was the last full month of operations before sweeping COVID-19 restrictions took effect. We expect this positive trend to continue as restrictions ease.'
Mr. Kalpakian continued, 'Furthermore, our order interest from the land-based casino industry segment is growing and is building momentum. Our pipeline of new business is getting stronger and attributable to a broader range of casino operators. Inflationary salary pressures, combined with the significant shortage of dealer/casino employees, has made our product more attractive than ever before, and the company is uniquely positioned to take advantage of the macro trend toward automation in the casino industry. Through the innovative dealerless technology of Jackpot Blitz, casinos are quickly recognizing the benefits of more revenues by dealing more hands per hour while at the same time drastically reducing costs and eliminating operational/employee requirements all at once.'
About Jackpot Digital Inc.
Jackpot Digital Inc. is a leading electronic table games manufacturer for the cruise ship industry and regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, which are complemented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.
Jake H. Kalpakian
Tel: (604) 681- 0204
Web: www.jackpotdigital.com
Certain statements contained herein are 'forward-looking'. Forward-looking statements may include, among others, statements regarding future plans, obtaining the customary regulatory approvals for new customers, projected financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as 'may', 'would', 'could', 'will', 'likely', 'enable', 'feel', 'seek', 'project', 'predict', 'potential', 'should', 'might', 'objective', 'believe', 'to be', 'expect', 'propose', 'anticipate', 'intend', 'plan', 'plans' 'estimate', and similar words are used to identify forward-looking statements. Forward looking statements are subject to a variety of risks and uncertainties and other factors that could 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, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.
