Jackpot Digital Inc (OTCMKTS:JPOTF) (TSXV:JJ) Stock Gains Momentum: What’s The Buzz?

Shares of Jackpot Digital Inc (OTCMKTS:JPOTF) (TSXV:JJ) closed higher in the previous session. Here is why.

Market Action

On Friday, JPOTF stock ended higher by 8.31% to $0.0756 with 1K shares, compared to its average volume of 14.2K shares. The stock moved within a range of $ =0.0756 – 0.0756 after opening trade at $0.0756.

Jackpot Digital Receives Class II License to Install Five Jackpot Blitz(TM) ETGs in Oregon’s Three Rivers Casino

Leading electronic table games manufacturer and mobile gaming provider for the cruise ship industry and regulated casino industry, Jackpot Digital Inc (OTCMKTS:JPOTF) TSXV:JJ) on February 4, 2022, announced on receiving Class II Vendor’s license from Three Rivers Casino Resort located in Florence, Oregon.

Class II Vendor’s license was the last step needed for the firm to officially install Jackpot Blitz ETGs at the property. The firm will be initially installing five of the revolutionary, dealerless Jackpot Blitz ETGs at Three Rivers. The tables are likely to be installed and the operation of Three Rivers Casino will begin by end of February 2022.

Jackpot Digital’s President and CEO, Jake Kalpakian said that the company is excited about installing a table at the casino in Florence, Oregon, a gaming venue. Jake added that the Three Rivers will be a perfect fit for the Jackpot Blitz ETGs and looks forward on ensuring guests enjoy an unrivaled poker experience.

Mr. Kalpakian added that complementing the cruise ship-based business, the firm is expecting significant expansion of recurring revenue portion from the business throughout 2022.

The firm specializes in multiplayer gaming products, including Casino and poker games, that are complemented by a strong suite of backend tools for operators for efficiently controlling and optimizing gaming business.

Key Quote

Jackpot Digital’s President and CEO, Jake Kalpakian, states “We are very excited about installing our table at Three Rivers casino in Florence, Oregon, a premiere gaming venue. We see Three Rivers as a perfect fit for our Jackpot Blitz™ ETGs and we look forward to seeing their guests enjoy an unrivalled poker experience.”

Traders Note

JPOTF stock is trading above the 10-Day and 20-Day Moving averages of $0.0822 and $0.1003. Moreover, the stock is trading is the neutral zone with RSI stands at 42.

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