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Jackpot Completes Strategic Acquisition


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VANCOUVER, BC / ACCESSWIRE / February 12, 2021 /
Jackpot Digital Inc. ( Jackpot ) (TSXV:JJ)(TSXV:JJ)(TSXV:JJ)(TSXV:JJ)(OTCQB:JPOTF)(Frankfurt:LVH3)(Berlin:LVH3). Further to the Company s News Releases dated December 15, 2020, the Company is pleased to announce that it has received TSX Venture Exchange approval and has closed its transaction of acquiring certain assets of 52 Gaming, LLC ( 52 Gaming ). 52 Gaming, based in North Carolina, has manufactured and licensed its electronic poker tables ( ETGs ) to the cruise ship industry.
Terms of the transaction are as follows:
a) Cash payment of US$107,500 on the closing date by Jackpot to 52 Gaming;
b) A promissory note by Jackpot for the amount of US$470,000 which shall have a term of twenty-four months, shall bear 10% simple interest per annum, and which may be prepaid by Jackpot; ....

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