Jackpot Digital Inc. (OTC:JPOTF) Stock Rallies After Latest News

The poker industry has been growing at an impressive rate in recent years as more and more people get into the game, and hence, it may be a good move for investors to consider keeping an eye on companies involved in the sector. One of the companies that could be of interest is Jackpot Digital Inc. (OTC:JPOTF), which is a major player in the electronic multiplayer dealerless poker table industry.

On April 23, the company was in the news cycle after it announced that it had been successful in the installation of Jackpot Digital’s Jackpot Blitz casino machines at the Chuckchansi Gold Resort & Casino, situated in Coarsegold, California. It was a particularly important announcement since each new table installation represented additional recurring monthly revenues for Jackpot Digital.

Jake Kalpakian, the Chief Executive Officer of the company, spoke about the latest development yesterday. He stated that everyone at the company was excited at the fact that Jackpot Digital’s new generation machine had been installed at the Chuckchansi Gold Resort & Casino, which was described as a state-of-the art tribal casino property. Kalpakian stated that Jackpot Digital continued to work diligently in order to deliver on its plan to install the entirety of its backlog and continue to grow its recurring revenue element.

He went on to state that the shareholders could expect the company to complete more such installations through the course of the second fiscal quarter and the rest of the years. It should be noted that the company has installed its advanced machines on many cruise ships. However, the company had also been active with installation on land and announced installations in as many as 12 states in the United States. Additionally, the company was also looking to complete the installation of its machines in some international jurisdictions.

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