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 Inc. (OTCQX: TBTC), the producer of CasinoTrac, has appointed Andrew T. Berger to its Board of Directors on October 3, 2024. Mr. Berger brings extensive experience, having served as a director and Executive Chair of Autoscope Technologies , CEO of Tuesday Morning , and Managing Member of AB Value Management He has also held positions at Value Line, Inc., Cosi, and Rocky Mountain Chocolate Factory, Inc.
Chad Hoehne, President and CEO of Table Trac, expressed excitement about Mr. Berger joining the board. Mr. Berger stated his enthusiasm for the opportunity and his belief in the company's potential for expansion and growth. His diverse background in various industries and roles is expected to contribute valuable insights to Table Trac's strategic direction.
Table Trac, Inc. (OTCQX: TBTC) has released a case study showcasing the impressive results of their SlotSUITE solution, developed in partnership with TransAct Technologies. This innovative software combines CasinoTrac CMS's flexibility with Epicentral SE's promotional capabilities, operating on CasinoTrac's PlayerLINQ network. The study highlights how SlotSUITE addressed the issue of VIP players avoiding promotions due to manual participation requirements.
Over a six-month period, the solution generated nearly one million dynamic entries, leading to significant improvements in key metrics such as rated play, win per unit, and coin-in. The full case study, detailing these remarkable outcomes, is available for download on the CasinoTrac website.
CasinoTrac and TransAct have reported impressive results from a six-month deployment of their SlotSUITE system, powered by Epicentral SE, at a large regional casino in the American Southwest. The implementation, covering over 2,500 games, showed significant improvements in key performance areas:
- Carded/Rated Play increased by 58.6%, from 17% to 29%
- Rated Coin-In rose by 21% on upgraded games
- Overall Coin-In increased by 3% across the entire floor
- Rated WPU (Win Per Unit) grew by 39% on SlotSUITE-enhanced games
- Overall WPU increased by 8% across the entire gaming floor
The SlotSUITE system integrates TransAct's Epicentral SE with CasinoTrac's PromoTrac, offering a single-wire solution for enhanced player engagement and streamlined operations.
Table Trac, Inc. (OTCQX: TBTC) reported its 2024 second quarter earnings, showing significant growth. System revenue for the quarter increased by approximately 125% to $2M, compared to $907K in 2023. Net income rose to $806,570 from $571,380 in the same period last year. The company installed two systems and expanded its presence through distributors. Table Trac has four customer contracts in backlog as of June 30, 2024, with most expected to be installed in the next two quarters.
Earnings per share also improved, with basic EPS increasing to $0.18 from $0.13, and diluted EPS rising to $0.17 from $0.12 year-over-year. For the six-month period, net income slightly decreased to $818,231 from $907,241 in 2023, with both basic and diluted EPS at $0.18 compared to $0.20 in the previous year.
Table Trac, Inc. (OTCQX: TBTC) has announced a major project with WinnaVegas Casino Resort, involving system upgrades, new promotional kiosks, and mobile technology. The project aims to consolidate systems and launch cashless wagering at the Winnebago Tribe of Nebraska's casino in Sloan, IA. Key aspects include:
1. Deployment of KioskTrac™ Loyalty Kiosks and KTMobile™ app with cashless wagering
2. Implementation of DataTrac™, an interactive data analytics suite
3. Partnership with Koin for integrated digital payment solutions
4. Upgrades to enhance guest experience and operational efficiency
This collaboration marks a significant advancement in gaming technology and customer experience for WinnaVegas, showcasing Table Trac's commitment to innovation in the casino management industry.
Table Trac (OTCQX: TBTC) has announced a quarterly cash dividend of $0.01 per share on its common stock. The Board of Directors approved this dividend on August 9, 2024. Shareholders of record as of the close of business on August 30, 2024, will be eligible to receive the dividend, which is scheduled for payment on September 13, 2024. This announcement demonstrates Table Trac's commitment to providing regular returns to its shareholders, potentially indicating confidence in the company's financial stability and cash flow generation capabilities.
Table Trac, Inc. (OTCQX: TBTC) has announced a new agreement to replace a competitor's system with their CasinoTrac™ casino management system at Sac & Fox Casino in Powhattan, KS. This marks Table Trac's 41st Native American tribal partnership. The casino will deploy various CasinoTrac solutions, including:
- PlayerLINQ™ - 6.2" touchscreen player tracking interface
- CTLoyalty™ for patron marketing, promotions, and bonusing
- KioskTrac™ promotional games with account management
- Slot accounting solutions
Founded in 1995, Table Trac designs and sells casino management systems. CasinoTrac is now operational in over 300 casinos across 13 countries.
On June 12, 2024, Table Trac (OTCQX: TBTC) announced the installation of its CasinoTrac management system at the Tahoe Nugget Casino in South Lake Tahoe, Nevada. This expansion is part of Stillwater Gaming's broader strategy, which owns and operates several casinos in Nevada, including in Churchill and Lyon counties and the Carson Valley. The CasinoTrac system, known for its stability and user-focused design, has been positively received by Scott Tate of Stillwater Gaming. This addition reflects Table Trac's commitment to providing quality gaming systems designed specifically for casino operations.
Table Trac, Inc. reported its 2024 first quarter financial results, showing growth and expansion in customer contracts and revenue. The company installed new systems, expanded services, and saw an increase in maintenance and service revenue compared to the previous year. With new contracts signed and expansion plans in place, Table Trac, Inc. is positioned for further growth in the coming quarters.
Table Trac, Inc. (OTCQX: TBTC) announced the approval of its mobile application, KTMobile, by the Nevada Gaming Control Board. KTMobile offers casino guests a user-friendly interface to access account information, promotions, loyalty features, and virtual player card functions. The app is compatible with PlayerLINQ™, bringing patron marketing and gaming features to guests' fingertips. Founded in 1995, Table Trac, Inc. operates in over 300 casinos across 13 countries.
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