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.