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Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.A)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(Frankfurt & Berlin Exchanges:LVH3). The Company announces it is conducting a non-brokered private placement to raise up to $975,000 (the or this "Financing") through the issuance of up to 6,500,000 units of the Company at the price of $0.15 per unit. Each unit shall consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder to acquire one common share of the Company at the price of $0.25 per common share for a period of three years. The warrants shall contain an acceleration provision, which may be triggered, once the Company's shares have traded at a price of $0.50 per common share for 15 (fifteen) consecutive trading days. Finder's fee may be payable in respect to the Financing in accordance with the policies of the TSX Venture Exchange (the "Exchange"). The financing remains subject to the satisfaction of customary closing conditions, including receipt of Exchange approval

As part of the Financing an officer of the Company (the "Insider") has arranged to sell, from the Insider's personal holdings, up to 3,000,000 common shares of the Company at market price through the facilities of the Exchange (the "Swap"). The Insider intends to use 100% of the proceeds from the Swap to participate in the Financing.

The funds from this Financing will be utilized towards the purchase of materials for the production of the Company's Jackpot Blitz™electronic tables ("ETGs"), regulatory licensing fees for new jurisdictions, a market awareness campaign and for general working capital.

Jackpot President & CEO, Jake Kalpakian states, "our sales pipeline is robust, and we anticipate an increased volume of new orders in early 2022. In addition to other table components, a portion of the proceeds from the Financing will go towards computer boards for up to 50 new tables, to increase inventory and avoid possible delays due to recent supply chain disruptions."

The securities that may be issued in connection with this Financing shall include a four-month and a day hold period in accordance with applicable securities laws.

The Company also wishes to announce it intends to engage Brian Gusko Advisory Services Inc. to provide market awareness for a period of four months (the "Agreement"), subject to the approval of the Exchange. Brian Gusko Advisory Services Inc., is an arm's length service provider, headed by Brian Gusko, an MBA with 15 years of corporate finance and public company experience and strong relationships with brokers in Canada and European institutional investors that focuses on marketing communications in Canada and in Germany. The services include coordination of strategic introductions to brokers and investment bankers and the development of a social media-focused marketing campaign. Consideration for the services to be provided during the four-month term is $190,000, in addition to, €125,000 for a European investor awareness campaign and non-deal roadshow. Mr. Gusko currently holds 168,000 shares and 200,000 common share purchase warrants of the Company.

About Jackpot Digital Inc.

Jackpot Digital Inc. is a leading electronic table games manufacturer for the cruise ship industry and regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, which are complemented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.

For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext. 6105, or visit the Company's website at www.jackpotdigital.com.

On behalf of the Board of
Jackpot Digital Inc.

"Jake H. Kalpakian"
_____________________________
Jake H. Kalpakian
President & CEO

Trading in the securities of the Company should be considered speculative.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding future plans, proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expect", "propose", "anticipate", "intend", "plan", "estimate", and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.

SOURCE:Jackpot Digital Inc.



View source version on accesswire.com:
https://www.accesswire.com/678914/Jackpot-Digital-Announces-Non-Brokered-Private-Placement-to-Build-More-BlitzTM-Electronic-Tables

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JJ:CA
Jackpot Digital Signs With Pit River Casino in California

Jackpot Digital Signs With Pit River Casino in California

Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSX-V:JJ.WT.B)(TSX-V:JJ.WT.C)(OTCQB:JPOTF) (Frankfurt Exchange: LVH3) is pleased to announce it has signed a licensing contract with Pit River Casino of Burney, California, USA ("Pit River") to install one (1) Jackpot Blitz™ Electronic Table Game ("ETG"), subject to customary regulatory approvals. The table is currently being prepared for shipping and installation

Jackpot's President and CEO, Jake Kalpakian, states "We are pleased to enter into a formal agreement with Pit River. Momentum continues to build in our order pipeline. In anticipation of the increased demand, we have ordered, and will continue to order, additional components for the assembly of more Jackpot Blitz™ ETGs in the near term."

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Jackpot Digital Signs 2-Table Contract with Sac and Fox Casino

Jackpot Digital Signs 2-Table Contract with Sac and Fox Casino

Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(Frankfurt:LVH3) is pleased to announce it has signed a licensing contract with Sac & Fox Casino of Powhattan, Kansas, USA ("Sac & Fox") to install two (2) Jackpot Blitz™ ETGs, subject to obtaining the customary regulatory approvals. The tables are currently being prepared for shipping and installation

Jackpot's President and CEO, Jake Kalpakian, states "We are pleased to move past our letter of intent with Sac & Fox and move forward with a formal agreement, adding the state of Kansas to our growing roster of new jurisdictions. Jackpot Blitz™ is gaining in interest and popularity, and our pipeline of new business continues to grow due to the clear operational benefits of Jackpot Blitz™. More and more casino operators are recognizing the competitive advantages our tables provide, and we expect this growth to continue throughout 2022."

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Jackpot Digital Appoints Chief Strategy Officer

Jackpot Digital Appoints Chief Strategy Officer

Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF) is pleased to announce the appointment of Angelo Palmisano as Chief Strategy Officer of Jackpot

Based in Las Vegas, Nevada, Mr. Palmisano brings 30 years of diverse gaming industry experience from a cross section of leadership roles. Mr. Palmisano was the founder of a start-up gaming technology company, which was ultimately sold to a multi-billion-dollar gaming technology company which he then joined. In this most recent role, Mr. Palmisano was instrumental in the expansion of the same major company and spearheaded the acquisition of several smaller, high-growth gaming companies. Mr. Palmisano is a proven entrepreneurial leader with a track record of building successful companies, brands, and market segments globally through product creation and commercial execution.

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Jackpot Digital Receives Class II License to Install Five Jackpot Blitz ETGs in Oregon's Three Rivers Casino

Jackpot Digital Receives Class II License to Install Five Jackpot Blitz ETGs in Oregon's Three Rivers Casino

Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF) is pleased to announce it has received the Class II Vendor's license from Three Rivers Casino Resort ("Three Rivers") located in Florence, Oregon. The Class II Vendor's license was the final step required for the Company to officially install Jackpot Blitz™ ETGs at the property. The Company will initially install five (5) of its revolutionary, dealerless Jackpot Blitz™ ETGs at Three Rivers. The tables are expected to be installed and in operation on the floor of Three Rivers Casino by the end of February 2022

Jackpot Digital's President and CEO, Jake Kalpakian, states "We are very excited about installing our table at Three Rivers casino in Florence, Oregon, a premiere gaming venue. We see Three Rivers as a perfect fit for our Jackpot Blitz™ ETGs and we look forward to seeing their guests enjoy an unrivalled poker experience."

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Jackpot Digital Receives Third Order From Virgin Voyages

Jackpot Digital Receives Third Order From Virgin Voyages

Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSX-V:JJ.WT.A)(TSX-V:JJ.WT.B)(TSX-V:JJ.WT.C)(OTCQB:JPOTF) (Frankfurt & Berlin Exchanges: LVH3) is pleased to announce that it has signed an agreement with Virgin Voyages ("Virgin") to install one (1) Jackpot Blitz™ Electronic Table Game ("ETG") onboard Virgin's third ship, Resilient Lady. This new order means that once the Jackpot Blitz™ ETG is installed onboard Virgin's Resilient Lady, then Jackpot BlitzTM ETGs will be operating onboard all of Virgin's cruise ships

President & CEO Mr. Jake Kalpakian states "We are very pleased to see our relationship with Virgin continue to grow with the installation of another Jackpot Blitz™ ETG onto Virgin's newest cruise ship. The Jackpot Blitz™ ETG brings a lengthy track record of success in delivering consistent, fun-filled gaming entertainment to cruise ships while simplifying their staffing needs, all while delivering an amazing turnkey poker experience where guests can play poker with life-like, touch screen card control. Jackpot Blitz™ ETGs are being adopted by more and more land and cruise ship casinos, as is evidenced by several new recent orders including today's announcement, and we are confident this momentum will continue to build throughout 2022."

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NetEase Reveals Latest Game Innovations at 2022 Annual Product Launch Event

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PC Building Made Easy: GIGABYTE introduces AORUS Project Stealth Computer Assembly Kit

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PC Building Made Easy! GIGABYTE introduces AORUS Project Stealth Computer Assembly Kit

Whether you are a beginner or an experienced user in PC building, many often find the building process frustrating when connecting various cables within a limited space. While others may also struggle with cable management. To improve the PC building experience, GIGABYTE developed the Project Stealth computer assembly kit, an ingenious solution that consists of a Z690 AORUS ELITE STEALTH motherboard and an RTX 3070 GAMING OC STEALTH graphics card pre-installed in an AORUS C300G STEALTH case. Through some smart re-engineering, the Project Stealth minimizes the need for cable connection and cable management. It ultimately simplifies the building process while keeping the case interior clutter-free for a much-enhanced airflow with sleek and cleaner aesthetics.

In addition to optimizing the PC building experience, AORUS Project Stealth is designed to perform. The computer assembly kit centers around the Z690 AORUS ELITE STEALTH motherboard, which supports the latest Intel 12th-gen processors for delivering enormous processing power. Paired with the WINDFORCE-cooled RTX 3070 GAMING OC STEALTH graphics card, the Project Stealth provides an ultimate gaming platform ready for those who are looking to build a high-end gaming PC.

The AORUS Project Stealth computer assembly kit is now available. Please contact local GIGABYTE retailers for availability. To learn more about the product, visit the official GIGABYTE website: https://bit.ly/AORUSprojectstealth

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/pc-building-made-easy-gigabyte-introduces-aorus-project-stealth-computer-assembly-kit-301551046.html

SOURCE GIGABYTE

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/20/c9108.html

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