With gaming machines in casinos and on cruise ships taking off, Ron Struthers profiles one electronic game machine maker that he believes has hit the jackpot.
A Vancouver company has developed what could be a game-changer: poker tables with virtual cards — and lots of action. The tables can also be programmed to offer other electronic table games, horse or sports wagering to poker players who have folded for that particular hand.
52-week range: 2 to 6 cents a share
Shares of Vancouver-based Jackpot Digital should benefit from new orders for its next-generation electronic poker-game tables destined for cruise ships and casinos, says Mr. Palmer. “Jackpot Blitz is the new table that leapfrogs everybody in terms of technology,” and is like sitting around an 84-inch iPad touchscreen, he said.
These newly launched game tables, which are leased to operators, reduce operating costs because no dealer is required. They also allow for faster play and the flexibility for several games – from poker to blackjack – to occur simultaneously.
Jackpot Digital expects monthly recurring revenue averaging a minimum of $5,000 (U.S.) per table. Potential catalysts for the stock include news of additional financing to make more electronic-game tables, and new orders from casinos for the Blitz table from Carnival Cruise Lines, he said.