Jackpot Digital is recovering well from the unprecedented situation according to its most recent monthly report. Just last week, the British-Columbia-based gaming developer of electronic table games released its financial report for the month of July 2022. During which the company recorded its highest revenue for a single month since way back in February 2020.
Based in Vancouver, B.C., the company is a prominent name in the gambling industry as it manufactures cutting-edge electronic table games for the cruise ship and regulated casino industries. It prides itself in creating multiplayer gaming products, such as poker and casino games, which are complemented by a full suite of backend tools for operators to utilize.
Jackpot Digital’s latest financial reports confirm that July 2022 has been a massive month for the company, as it generated the largest revenue handle since February 2020. The firm explains the improvement of results with the loosening of health and safety restrictions when travelling and the increase of bookings for operators in both the cruise ship and casino industries.
President and chief executive officer of the company, Jake Kalpakian elaborate that as health and safety protocols have been eased the company saw a massive boost in its financial records. He shared that for July 2022, the company managed to generate CA$125,337 in revenue, thus making the month its most prolific one from its cruise sector since February 2020.
Mr. Kalpakian continued by adding that the company’s order count has also increased and it is building momentum due to the rise of interest in the land-based gambling industry. He noted that the firm’s pipeline of new business is also prospering and growing stronger, which was possible after its recent expansions to new territories and new casino operator partners.
In addition to that, he added that inflationary salary pressure and a significant shortage of dealer employees have made the company’s electronic table games even more desirable. He added that their Jackpot Blitz’s innovative dealerless technology has made casinos realize the benefits of more revenue by dealing more hands per hour while also reducing costs from automating the process.
In June 2022, the company announced a deal with Casino Pauma, located in Pauma Valley, California. Through this agreement, the developer has agreed to supply the gaming property with its premium Jackpot Blitz™ Electronic Table Games. The casino’s gaming floor offers more than 1,000 slots and table games and now its patrons can enjoy the innovative ETGs.
And just recently in August, Jackpot Digital has also a licensing agreement with Piggs Peak Hotel & Casino in Eswatini, Africa. Again, the agreement allows the company to launch four of its cutting-edge Jackpot BlitzTM Electronic Table Games in the casino. The deal with the operators makes the first official partnership in Africa for the B.C. manufacturer.
Source: “Jackpot Digital Sees Improving Results” Yahoo Finance, August 25, 2022