Jackpot Digital to enter casino market in Asia
$5,000 Welcome Bonus
Jackpot Digital (TSXV:JJ) has revealed it has signed a distribution agreement with Jade Entertainment Technologies to expand its presence into Asian casino markets.
In a news release, the Vancouver-based company stated the partnership will focus on accelerating the sales and deployment of its Jackpot Blitz electronic multiplayer dealerless poker machines across Asia.
“The collaboration marks a significant milestone in our expansion strategy and our first formal distribution agreement to enter the Asian marketplace,” Jake Kalpakian, president of Jackpot Digital, said in a statement.
Through the collaboration, Jackpot Digital’s presence will extend into India, Sri Lanka and Nepal where poker is classified as a skill game. Meanwhile, in Vietnam, Jackpot Blitz products meet local regulations.
Jackpot Digital also revealed land-based installations in 12 states and territories in the United States. These include California, Kansas, Louisiana, Michigan, Minnesota, Mississippi, Montana, Nevada, Oregon, South Dakota, U.S. Virgin Islands, Washington and several international jurisdictions.
Tuesday’s announcement comes after the company revealed it had received licensing approval from Little Traverse Bay Bands of Odawa Indians Regulatory Department, the regulator for Odawa Casino located in Petoskey, Michigan.
Jackpot Digital is a manufacturer of dealerless multiplayer electronic poker tables for the cruise ship and land-based regulated casino industries. In particular, the company specializes in dealerless poker for casino operators to efficiently control and optimize their poker business.
Join the discussion: Find out what everybody’s saying about this stock on the Jackpot Digital Inc. BullboardStockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
