- Jackpot Digital (TSXV:JJ), a dealerless poker table manufacturer, signed a master leasing agreement with Société des casinos du Québec, the casino division of Loto-Québec, for 12 of the company’s Jackpot Blitz machines
- The parties plan to discuss province-wide expansion in the near future
- Jackpot Digital provides electronic poker table gaming solutions, offering an efficient, cost-effective and revenue-generating alternative to traditional live-dealer table games
- Jackpot Digital stock has given back 7.14 per cent year-over-year but remains up by 116.67 per cent since 2020
Jackpot Digital (TSXV:JJ), a dealerless poker table manufacturer, signed a master leasing agreement with Société des casinos du Québec, the casino division of Loto-Québec, for 12 of the company’s Jackpot Blitz machines.
The initial deal, made alongside Jackpot’s Canadian distributor, R2 Gaming, will focus on four properties under Loto-Québec’s purview:
- Casino de Montréal (Montreal).
- Casino du Lac-Leamy (Gatineau).
- Casino de Mont-Tremblant (Mont Tremblant).
- Casino de Charlevoix (La Malbaie).
Installation work will be finalized by the end of March, to be followed by discussions between Loto-Québec and Jackpot Digital about expanding Jackpot Blitz deployments throughout the province.
The contract continues Jackpot Digital’s focus on value-accretive deals with reputable customers, which has guided the company to revenue growth every year from 2021 to 2023 while growing gross profits by 8.5 times over the period. The company is on track for new records under these metrics in 2024, contingent on Q4 results, notably managing to generate positive net income in Q3.
About Jackpot Digital
Jackpot Digital provides electronic poker table gaming solutions, offering an efficient, cost-effective and revenue-generating alternative to traditional live-dealer table games. The company counts Carnival Cruises, Princess Cruises, Holland America, AIDA and Costa Cruises as customers, and has announced land-based installations or orders in Canada, the United States and several international jurisdictions.
Jackpot Digital stock (TSXV:JJ) last traded at C$0.065 per share. The stock has given back 7.14 per cent year-over-year but remains up by 116.67 per cent since 2020.
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(Top image: Jackpot Digital)