MAGAZINE STORY: Our Client, Jake Kalpakian, CEO of Jackpot Digital was featured in a story in Business In Vancouver Magazine.
Vancouver Company deals poker dealers out of game.
The Jackpot Blitz table is completely automated. All functions associated with a poker game are replicated on an 84-inch touch screen. No dealer, cards or chips are required.
Adding to the electronic poker platform’s departure from the traditional form of the game, the company announced earlier this month that it had signed a letter of intent that will allow cryptocurrencies to be used with the product.
“I think [Jackpot Blitz] has a very good chance of changing the landscape of gaming,” said Jackpot Digital president and CEO Jake Kalpakian.
“The key is to make the gameplay feel like you are playing with a real deck of cards: you can cusp the cards, hold the cards, fold the cards, the noises – it all simulates a real poker game.”
A demonstration video shows how players can swipe their fingers on the table toward themselves, causing the digital cards on the screen to flip up, replicating the real-life action of checking one’s hand.
The table also emits sounds associated with live play in a casino.
Another selling point of the table is that players can perform multiple functions while waiting for a turn.
“If I am sitting out of hand, I can order my food or drinks and the menu is on the table, I could play blackjack, I could play baccarat, I could bet on horses, I could bet on sports, I could do so many different functions,” Kalpakian said.
Jackpot Blitz has received a patent and, after generating interest at the table’s unveiling during the Canadian Gaming Summit in June, the company is accepting orders for units. The table was shortlisted for the Global Gaming Awards in the land-based innovation category.
The tables, which each cost about $25,000 to make, are manufactured at a facility in Burnaby.
According to the company, the software behind the product cost millions of dollars and 17 years to develop.
Jackpot Digital’s back-end software creates reports for gaming operators to track profits and rake totals and measure industry metrics.
According to Kalpakian, the rising cost of wages and benefits for casino employees is a strong motivation for gambling operators to go digital.
“If you talk to a casino, especially smaller or mid-size guys, they can’t staff a full poker staff,” Kalpakian said. “It is very difficult to keep people on salary.”
B.C. is home to 17 casinos and 18 community gaming centres, and more than 37,000 people are employed through B.C.’s gambling industry, according to the provincial government.
Jackpot Digital employs about 20 people at its headquarters on Granville Street in downtown Vancouver.