Welcome to our dedicated page for Table Trac news (Ticker: TBTC), a resource for investors and traders seeking the latest updates and insights on Table Trac stock.
Overview
Table Trac Inc. (symbol: TBTC) is a distinguished software company that has been developing and delivering comprehensive casino management systems since 1995. With an emphasis on casino management, player tracking, and regulatory compliance, the company offers innovative technology solutions that streamline operations for casino gaming operators on a global scale.
Core Business and Product Offering
At the heart of Table Trac Inc. lies its flagship product, CasinoTrac CMS, a state-of-the-art casino management system designed to offer secure, scalable, and flexible operational support. The system incorporates various modular solutions, including automated accounting processes, revenue auditing, player loyalty programs, and promotions management. Its open architecture accommodates seamless integration with most third-party software and hardware, ensuring that casino operators can maintain an efficient and unified system across multiple platforms.
Market Position and Industry Relevance
Operating within the highly competitive gaming industry, Table Trac Inc. has positioned itself as a critical technology provider for casinos and tribal gaming operators. Its solutions are embedded in over 300 casinos and are trusted by more than 41 Native American tribes across several countries. The company’s commitment to secure, real-time operational monitoring and its ability to support diverse gaming environments have cemented its reputation for reliability and innovation in an industry where precision and compliance are paramount.
Operational Excellence and Technical Expertise
Table Trac Inc. exhibits strong technical expertise through its modular design that caters to numerous facets of casino operations. With products like PlayerLINQ, which facilitates advanced player tracking via intuitive touchscreen interfaces, and integrated digital solutions for marketing and bonusing, the company delivers a holistic ecosystem that enhances the guest experience while meeting strict accounting and auditing standards. Its patented real-time automation system further emphasizes its dedication to operational excellence by continuously monitoring gaming tables and ensuring adherence to regulatory requirements.
Customer-Centric Approach and Scalability
A key element of Table Trac Inc.'s strategy is its focus on the operational needs of casino customers. The company provides not only a robust management system but also ongoing technical support and maintenance contracts that guarantee system stability and sustainability. This customer-centric approach allows casino operators to effectively manage their properties, optimize performance metrics, reduce manual workloads, and drive better marketing outcomes through dynamic promotions and loyal programs.
Competitive Differentiation
- Comprehensive Integration: The system’s ability to interconnect with various third-party systems offers casino operators flexibility and control over their operational ecosystem.
- Security and Resilience: Designed to operate under rigorous auditing and compliance standards, the system provides a secure environment crucial for high-volume gambling transactions.
- Scalability and Adaptability: Its open architecture and modular design make it adaptable to both large-scale casino resorts and smaller gaming venues, ensuring broad applicability in a competitive market.
Industry Impact
By providing a suite of solutions that cover every aspect of casino operations—from player engagement and promotions to detailed financial auditing—Table Trac Inc. has become a pivotal figure in modern casino management. The company’s deep understanding of industry challenges and its commitment to delivering reliable, future-proof solutions have made it an indispensable resource for gaming operators worldwide. Through continuous innovation and an unyielding focus on customer needs, Table Trac Inc. not only addresses current market demands but also lays a solid foundation for ongoing industry stability and operational efficiency.
Table Trac (OTCQX: TBTC), operating as CasinoTrac, has announced a strategic partnership with InfiGifts to provide integrated gifting solutions to over 300 CasinoTrac customers globally. The integration will be available for installation starting April 2025.
The partnership enables casino operators to modernize their promotional programs through InfiGifts' platform, accessible via CasinoTrac kiosks or the KTMobile application. The system supports various promotional strategies, including monthly gifting, points shopping, and VIP gifting.
The integration aims to streamline gifting processes, reduce operational inefficiencies, and provide cost savings for casinos while offering players a personalized reward experience without common issues like long lines or inventory shortages.
Table Trac Inc (OTCQX: TBTC) reported its financial results for the year ended December 31, 2024, highlighting several achievements. The company achieved record maintenance revenue of $5.37 Million, representing an 8% increase from the previous year and accounting for 48.2% of total revenues.
Key highlights include a 44.7% increase in other revenue due to growing recurring monthly fees from DataTrac and SlotSuite services. The company paid three quarterly dividends of $0.01 per share and installed the CasinoTrac system in eight new locations. By the end of 2024, Table Trac's systems were operational in approximately 115 casino operators across over 300 casinos worldwide.
The company maintained strong earnings at $0.34 per share (diluted) and reported five projects in backlog, expected to be completed by Q2 2025.
Table Trac (TBTC) announced that its Chief Financial Officer, Randy Gilbert, has been elected to serve as a Director on the Association of Gaming Equipment Manufacturers (AGEM) Board of Directors. The appointment was made during AGEM's 2025 Annual Meeting on March 14, 2025.
Table Trac (OTCQX: TBTC) has announced a quarterly cash dividend of $0.02 per share on its common stock. The dividend was approved by the Board of Directors on February 28, 2025. Shareholders of record as of the close of business on March 14, 2025, will receive the dividend payment on March 28, 2025.
Table Trac (OTCQX: TBTC) announced the deployment of its comprehensive Loyalty, Bonusing, & Operations technology suite to Shoalwater Bay Casino. The implementation includes upgrading the slot network to CasinoTrac's PlayerLINQ™ network, featuring the SlotSUITE™ platform and SelfPAY™ system.
The enhancement aims to strengthen player engagement through automated marketing, reduced jackpot payout times, and improved play velocity. The casino will implement features allowing players to self-enroll in Players Club, receive benefits through kiosks, and access offers directly at gaming machines.
This expansion builds upon an existing eight-year partnership between the companies, focusing on enhancing customer experience while maintaining secure operations.
Table Trac (OTCQX: TBTC) has announced a strategic partnership with Apache Nugget , a business enterprise of the Jicarilla Apache Nation, to implement its CasinoTrac casino management system and SlotSUITE operations suite across all casino and resort operations.
The initial deployment will begin with Apache Nugget's casino reopening near Cuba, N.M., on February 14. The implementation includes the PlayerLINQ network and comprehensive security features that have been proven over nearly 30 years. The system's promotions engine, enhanced by SlotSUITE & SelfPAY, will provide benefits such as automated marketing, reduced jackpot payout times, increased play velocity, and improved tracking of un-carded players.
Table Trac (OTCQX: TBTC) has announced a multi-year financial commitment to establish a Tribal Education Scholarship at UNLV's William F. Harrah College of Hospitality. The scholarship, starting spring 2025, will support students pursuing hospitality management degrees, with a focus on those involved in the college's Tribal Education Initiative.
The scholarship will be available to all UNLV Hospitality College students in good academic standing, covering expenses such as tuition, laptops, books, and application fees. This initiative aligns with Table Trac's commitment to supporting Native American communities and expanding opportunities in the gaming and hospitality sectors.
Table Trac, established in 1995, develops and supports casino management systems, including player tracking, kiosk promotions, and vault controls. The company's CasinoTrac system is currently installed in over 300 casinos worldwide across 115 operators.
Table Trac Inc. (OTCQX: TBTC) has announced that its CasinoTrac system has been selected to replace the existing Casino Management System at the Jackpot Crossing Casino in Carson City, Nevada. The casino, located at 1897 N Edmonds Drive, is a popular entertainment venue offering various gaming options.
Chad Hoehne, President of Table Trac Inc., emphasized the company's commitment to customer support and development through U.S.-based experts. Scott Tate from Stillwater Gaming, praised Table Trac's focus on operators and casino guests, distinguishing it from competitors who prioritize their own interests.
Table Trac reported financial results for Q3 2024, showing positive growth trends. The company's total revenue for the first nine months of 2024 reached $8M, marking a 22% increase from $6.6M in 2023. Gross profit for the quarter was $1.8M, up from $1.4M in 2023. The company installed two systems during Q3 and had five installations in backlog as of September 30, 2024. Net income for Q3 2024 was $292,379, compared to $171,988 in 2023, with diluted EPS of $0.06, up from $0.04 in the previous year.
Table Trac (OTCQX: TBTC) announced on November 8, 2024, that its Board of Directors has approved a quarterly cash dividend of $0.01 per share. The dividend will be paid on December 13, 2024, to shareholders who are on record as of November 29, 2024.
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