Both ends of February worked out pretty well for Jackpot Digital Inc. (TSX-V:JP), with the little electronic table game (ETG) company bookending the month with important corporate developments.
At the start of February, Jackpot said it renewed its gaming licenses and registrations in California, Arkansas and Ontario, allowing the Vancouver-based company to continue leasing its ETG products to its stable of gambling operators in those jurisdictions.
Early Tuesday morning, Jackpot disclosed news more directly impactful on the top and bottom lines, saying that a new software license and equipment lease agreement has been inked with Carnival Corp. (NYSE:CCL).
Per the pact, the cruise ship operator will be replacing in stages Jackpot's existing PokerPro ETG platform with its new Jackpot Blitz ETG machines. Jackpot Blitz is a next generation ETG offering fully automated poker, bacarat and blackjack games designed to reduce operating costs and increase profits for the casino.
The latest agreement builds on Jackpot's relationship with Carnival that has resulted in seven PokerPro tables being replaced with Jackpot Blitz already.
The company touts that all seven have received positive feedback from Carnival guests. It total, counting the Jackpot Blitz and its ProCore ETG platforms, Jackpot Digital has more than five dozen PokerPro tables in operation on Carnival ships.
Today's news comes more than two hours ahead of the opening bell. Shares of JP closed even at four cents, equating to a market cap of $14.7 million, according to data from QuoteMedia.
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