Symbols: JP.TSX Venture Exchange JPOTF.OTC Pink
LVH. Frankfurt & Berlin Stock Exchanges
NEWS RELEASE
Jackpot entering Oklahoma Tribal Gaming Market
VANCOUVER, BRITISH COLUMBIA. June 7, 2016 – Jackpot Digital Inc. (formerly Las Vegas From Home.com Entertainment Inc.) (the “Company” or “Jackpot”) (TSX-V: JP) (US OTC Pink: JPOTF) (Frankfurt & Berlin Exchanges: LVH). Jackpot will be entering the Oklahoma Native American Gaming Market for the licensing of its electronic poker tables (e-poker tables) through a distributor agreement with Integrity Gaming Inc., www.integritygaming.com.
Founded in 1997, Integrity offers a complete suite of products and services that cater to every aspect of the gaming market with a special focus on the tribal sector.
CEO & President Mr. Jake Kalpakian states “Integrity is a leading distributor of some of the world’s leading gaming equipment brands in the Oklahoma Tribal Market, and we are thrilled that they will be distributing the Company’s e-poker tables”. Mr. Kalpakian further states “The combination of our industry leading PokerPro tables coupled with Integrity’s strong brand and distribution network in Oklahoma should result into meaningful growth for the Company”.
With over 110+ Tribal casino venues in Oklahoma, total annual revenues from Tribal Gaming in Oklahoma are estimated to be $4 billion, which is second only to California in terms of Tribal Gaming.
Currently, Jackpot has approximately 122 tables licensed in the market place (of which approximately 91 are on cruise ships), each generating monthly recurring revenue for the Company. The potential size of the market for Jackpot in Oklahoma with Integrity is estimated to be between 20-30 e-poker tables.
Jackpot will be showcasing its e-poker tables at this year’s Oklahoma Indian Gaming Association (OIGA) Conference and Exhibition taking place the last week of July in Tulsa, OK.
Mr. Kalpakian concludes “With our recent entry into the US Northeast, and now Southwest, the Company is continuing to expand its footprint in the North American market”.
About Jackpot Digital Inc. (formerly Las Vegas From Home.com Entertainment Inc.)
Jackpot Digital Inc. is a leading electronic table 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 complimented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.