JP is gaining interestJust a little media coverage from the states apparently others have been taking notice of Jackpot Digital to bad we haven't!!!
Publicly held casinos and gaming industry companies manage gambling facilities and platforms, such as land-based casinos, riverboat casinos and gambling websites. According to the mapping of the Sustainable Industry Classification System (SICSTM–website) to the Bloomberg Industry Classification System (BICS), casinos and the gaming industry in the U.S. are dominated by huge players such as Las Vegas Sands (LVS), MGM Resorts (MGM), Caesars Entertainment (CZR), Wynn Resorts (WYNN) and Melco Crown Entertainment [ADR] (MPEL).
There is a new evolution or new notable trends in gambling.
- According to Robert Williams of the International Think Tank on the Gaming Industry, Electronic Gaming Machines (EGMs) are the most profitable type of gambling in the Western world for the gambling provider.
- Asia is becoming the dominant gambling mecca and will soon overtake the U.S.
- Online gambling and mobile gambling are growing at a much stronger rate than the industry. In fact, this is probably driving the growth in the physical gambling facilities.
Just look at the World Series of Poker for proof. In 2001, before the online poker boom, there were 612 entrants in the Main Event of the World Series of Poker. In 2012? A total of 6,598 players took a seat in the Main Event. According to World Series of Poker, 2017 came in with the third highest number ever at 7,221.
The evolution of gambling is bringing up the un-imagined revenue to the imagination in the world. I have seen this description while researching the industry and it sums up the company Jackpot Digital to a tee.
Jackpot Digital (JP:TSX.V; JPOTF:OTC; LVH1:FSE)
Recent Price C$0.05
Shares outstanding: 370M approximate
Remember the "Poker Boom" between 2003 and 2006. During that period, primarily no limit Texas hold 'em, but also other variations, became considerably more popular around the world. During the boom years the online poker player pool at least doubled in size every year.
Now there is a second poker boom underway,specifically with Texas hold 'em called the "bad beat." The bad beat has been around for a while and it is basically a progressive pot that keeps growing until a bad beat is triggered. In the last few months there have been record setting bad beats triggered in Canada and the U.S.
What all this means: Jackpot Digital has the exact right product at the best possible time.
I believe the real Jackpot in Jackpot Digital will be the shareholders.
Jackpot Digital has been in the electronic gaming machine market for many years and has a lot of experience, good contacts in the industry and growing revenues. Revenues for the first nine months of 2017 were reported at $2.9 million from its industry-leading PokerPro ETG system, currently in operation with cruise lines, poker rooms and casinos.
However, what is exciting and an enormous leap from the PokerPro system is its new Jackpot Blitz™ electronic table. This is a large electronic Texas hold 'em table and much more. It is built on state of the art technology, with an 84-inch 4K ultra sensitive touchscreen capable of handling multiple touch points simultaneously.