Fueled by the universal human thrill of quick payouts and the need for leisure and entertainment to enjoy adult life, casinos remain an essential place for people to dream and play, so gambling-related activities will continue to grow for the foreseeable future. This will be a promising place for stocks to attract attention. long term benefits.
According to Research and Markets, the global casino industry was valued at USD 157.5 billion in 2022 and is expected to grow to USD 224.1 billion by 2030 at a compound annual growth rate of 4.5%. This trend includes:
The main challenge in attracting these billions through casino doors is that they are swinging heavily toward middle age. The average age of casino visitors in the United States has hovered around 50 for the past decade, and similar trends are seen around the world. As a result, casinos are under pressure to attract younger, tech-savvy customers with less gambling experience and continue to increase stakeholder profits year after year. Long term.
Investors seeking exposure to a leadership position in building bridges between casinos and the next generation of gamblers should evaluate Jackpot Digital (TSXV:JJ). The Vancouver-based company is a manufacturer of dealerless electronic table games that provide casinos with an immersive experience for the digital age while delivering an attractive return on investment.
Gambling technology stocks benefit from a lack of direct competition in the dealerless poker space, with orders spanning North America, Europe, Asia, Africa, and the Caribbean, and major cruise lines such as Carnival, Princess Cruises, and Holland America. We have a long track record of doing business with ship brands. , and has a growing presence in land-based locations with orders or ongoing installations across his 12 states in the United States. Our most significant partnership to date is our master services agreement with Penn Entertainment, the nation's largest regional gaming operator with 43 facilities in 20 states.
Jackpot Digital's differentiated technology and well-rounded management team are central to its success with several blue-chip casino gaming companies as customers.
jackpot blitz
Gambling Technology Stock's flagship product, Jackpot Blitz, is a dealerless poker table with three of the world's most popular variations: Texas Hold. Em, Omaha, Five Card Omaha – Powered by smooth 4K graphics on a 75-inch touchscreen, Pot Limit, No Limit, and Fixed Limit are offered in three formats, allowing you to earn diverse returns Designed. From casual players to experienced players.
Publicist and NFL championship-winning coach Jimmie Johnson explains the benefits of Jackpot Blitz. Source: Jackpot Digital.
The table is also equipped with house bank mini-games such as Blackjack, Baccarat, and Video Poker, as well as side bets for the main poker game such as Bet the Flop, all of which keep players interested and keep them busy between games. will entertain you. During a poker hand. The stunning Jackpot Blitz machine also offers “Bad Beat” across multiple venues. The jackpot feature allows casinos to offer “Poker Powerball”. The large jackpots make Jackpot Blitz even more appealing to new players.
Jackpot Digital has risen to the top with dealerless by balancing the needs of modern gamblers with efficiency and profitability that in-person operators could not hope to match unless they ordered the machines themselves. Obtained. poker.
Player benefits
When a veteran or novice gambler takes a seat at Jackpot Blitz, the experience begins with an easy-to-use interface laid out in a modern, stylish design, programmed to respond to hand gestures, and designed to feel like a real casino. bring the play. In the digital age, cards are bent and chips jingle.
Source: Jackpot Digital.
The table's intuitive controls, combined with its instant payouts and dealerless nature, lead to faster game play, maximizing play time and player excitement, while also reducing human error and reducing new gamblers' exposure to analog poker. Minimize any intimidation you may feel when approaching the table. Gambling Technology Co.'s in-house development team is also constantly working on new games to keep the content fresh, bringing regional versions of international games and poker to casino audiences in Asia, South America and the Indian subcontinent. We place special emphasis on providing:
As hands are placed and pots are stacked, players can also track game statistics in real time, which determines future strategy and adds an element of competition to increase the thrill of the moment.
Operator benefits
From an operator's perspective, automated gaming table floors can meaningfully and immediately reduce casino staff expenses and administrative challenges, while avoiding wage inflation, labor shortages, and supply costs.
The Blitz isn't slowing down on revenue either, increasing the number of hands processed per hour, increasing revenue and profitability. This is further enhanced by onboard side bets and mini-games that players can play while participating in their poker hand.
Jackpot Blitz' economics are attractive to operators thanks to its ability to accommodate non-stop play while monetizing downtime through side games and bets. A human dealer has to spend time shuffling, interacting with players, and consulting with colleagues, whereas in Jackpot Blitz he can accept bets 100% of the time, so Gamblers can be sure to get the desired action and operators can see a return on their investment.
Source: Jackpot Digital.
Beyond gaming revenue, fully customizable advertising features including logos, card backs, chips, and felt colors give casinos even more incentive to participate in Jackpot Blitz. All of this strengthens the casino culture and enables the pursuit of revenue from third-party advertising partners. .
The Blitz ties its value proposition together by generating automated reports such as demographics and consumer behavior through its loyalty card system and connecting directly to most back-end management systems, eliminating the hassle of manual tracking for casinos. and at the same time minimize tampering and money laundering. Theft through the use of isolated servers.
Whether it's streamlining the player experience or introducing automation as a service for operators, Jackpot Digital's flagship product is, in short, a value generator.
Jackpot Digital's path to profitability
Jackpot Digital has existed as an exclusively cruise ship-based business since 2015, but the coronavirus pandemic has resulted in a significant decline in revenue, from CAD 2.18 million in 2019 to CAD 42 million in 2021. It decreased to CAD 10,000,000.
Management quickly pivoted in the face of uncertainty, redesigning Blitz to execute a land-based expansion strategy backed by Gaming Labs International certification in fall 2023, and a successful turnaround following the re-emergence of the casino business. is bringing about. Revenues increased more than three times to CAD 1.43 million in 2022 and reached CAD 1.57 million by the third quarter of 2023. The company expects to see significant recurring revenue growth after installing dozens of machines that are currently backlogged.
Jackpot Blitz electronic gaming table is up and running. Source: Jackpot Digital.
The first installation of a land-based Jackpot Blitz machine has been completed at Jackson Rancheria Casino in California, the company announced today. The installation of the three machines signals a new era of growth for the company, which has announced 25 Blitz deals since November 2021 (Slide 12), adding to its strong pipeline in Asia and the US. More deals are underway across Canada and the United States. Europe.
“Jackpot Digital could be a profitable company right now if they just focused on managing and maintaining the revenue they are currently generating. But that's not why we're here. No,” Matthew McDonald, vice president of corporate development at Jackpot Digital, said in a recent interview with Stockhouse. “We intend to scale up many times over the tables we currently offer, potentially up to 2,000 tables over the next three to five years.”
McDonald said the company fielded three to five inquiries a week about Blitz from casinos around the world that were aware of the machine. First-mover advantage in dealerless poker and potential for expansion to other games that require automation.
Jackpot Digital's ambitious plan of action is supported by a management team of proven gambling, finance, advertising and legal experts, many of whom have been serving Jackpot stakeholders for over 20 years. I've been doing it.
long-standing management team
Jackpot Digital's management team is led by Jake Kalpakian. Since 1999, he has also served as President and Chief Executive Officer of Gambling Technology Inc.'s predecessor, Las Vegas From Home, under He.com Entertainment Inc. Mr. Karpakian has been with him for over 30 years. He has a wealth of experience in managing small-sized listed companies and has proven his ability to navigate volatile economic cycles.
Kalpakian's efforts are supported by three directors with deep expertise who position Jackpot Digital for long-term sustainable growth.
Gregory T. McFarlane, director of Jackpot Digital since 1999, previously ran an independent advertising agency and holds a degree in mathematics from the University of Toronto. McFarlane is also the co-founder of the popular personal finance website “Control Your Cash.” Chief Financial Officer Neil Spellman, who has been on the company's board since 2002, has nearly 20 years as a vice president at Wall Street firm Smith Barney, and has a multi-industry understanding of the path to profitability. I have deepened it. Finally, Alan Arutyunian, who has been a director since 2017, is currently the CEO of Nice Guy Holdings, a corporate and legal consulting firm that advises clients in a variety of sectors.
Guided by a strategic management team and benefiting from the macro-trend towards casino automation, Jackpot Digital welcomes a wave of millions of gamblers seeking an elegant, technology-based alternative to traditional in-person play. I'm going to ride.
Multibagger opportunity
Jackpot digital opportunities develop smart investors who recognize the soundness of a company's value proposition. The enormous risk and reward value of Jackpot Digital gives investors the opportunity to ride the macro trend towards casino automation. Blitz deals keep pouring in, the company adds games to its portfolio, and the global casino industry adds hundreds of billions of dollars in profits. This is his 10 year earnings.
Join the discussion: Find out what everyone is saying about this gambling technology stock on the Jackpot Digital message board.
This is sponsored content published on behalf of Jackpot Digital. See the full disclaimer here.