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Jackpot Digital ( (TSE:JJ) ) has issued an announcement.
Jackpot Digital Inc. has announced a secured debenture financing of US$1,400,000, with the funds earmarked to settle outstanding debentures due by July 1, 2025. This strategic move is expected to result in net savings of US$260,671 for the company. Additionally, Jackpot Digital is negotiating to secure a credit line to manufacture its Jackpot Blitz® ETGs in larger volumes, which could enhance its market position and operational capacity.
More about Jackpot Digital
Jackpot Digital Inc. is a leading provider of electronic poker table games, offering innovative gaming solutions to casinos worldwide. The company specializes in the development and deployment of dealerless multiplayer poker electronic table games (ETGs), providing operators with efficient, cost-effective, and revenue-generating alternatives to traditional live-dealer table games.
YTD Price Performance: 8.33%
Average Trading Volume: 74,710
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$12.29M
See more insights into JJ stock on TipRanks’ Stock Analysis page.