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Jackpot Signs LOI with South American Casino for Jackpot Blitz(TM)

PR-Inside.com: 2018-12-06 12:34:07
VANCOUVER, BC / ACCESSWIRE / December 6, 2018 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSX-V: JP) (TSX-V: JP.WT) (US OTCQB: JPOTF) (Frankfurt & Berlin Exchanges: LVH2). Jackpot is pleased to announce that it has signed a Letter of Intent ("LOI") with a casino operator in South America formalizing an order for one (1) of the Company's Jackpot Blitz™ Electronic Table Game ("ETG") platforms. The Company will now begin its due diligence process as the parties negotiate the terms of a complete Software License and Equipment Lease Agreement.


Jackpot Blitz™ is the Company's proprietary next generation gaming platform, offering an incomparable player experience to go with unrivalled operator efficiency, flexibility, and profitability. Jackpot Blitz™ represents a significant leap from Jackpot's industry-leading PokerPro ETG system, which is currently in operation with cruise lines, poker rooms, and casinos. Jackpot Blitz™ is expected to enhance financial and operational security for casino operators and to increase ETG revenues for Jackpot and its clients.


Mr. Jake Kalpakian, Jackpot President and CEO, states "We are happy to sign this LOI to begin Jackpot Blitz™ placements in South America. Now that we have received GLI certification, we believe Jackpot Blitz™ has a strong future in Latin America and we look forward to working with the casino management to allow them to offer the Jackpot Blitz™ table for the first time in South America."


About Jackpot Digital Inc.


Jackpot Digital Inc. is a leading electronic table games manufacturer and mobile gaming provider 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.


For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext 6105, or visit the Company's website at www.jackpotdigital.com.


On behalf of the Board ofJackpot Digital Inc.


"Jake H. Kalpakian"___Jake H. KalpakianPresident & CEO


Trading in the securities of the Company should be considered speculative.


The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding future plans, 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", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expect", "anticipate", "intend", "plan", "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.


SOURCE: Jackpot Digital Inc.

Press Information


Published by
Fred Gautreau
14037173898
e-mail
www.fscwire.com



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