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) reported strong financial results for the year ended December 31, 2022, marking a record total revenue of $11 million, a 58% increase from the previous year. Income before taxes reached $2.18 million. The company received a 2023 OTCQX Best 50 award for ranking 25th among over 500 listed companies. Key achievements include the installation of 16 casino management systems and a 103% increase in system sales. Recurring revenue rose 12%, making up 31.7% of total revenue. Management expresses optimism for continued growth as backlogged projects are expected to be completed by Q2 2023.
Table Trac has received a gaming license from the Mississippi Gaming Commission, enabling the installation of its gaming management system in local casinos. This approval, noted by CEO Chad Hoehne, marks Mississippi as the seventh state to grant a license to Table Trac, joining others such as Iowa and Nevada. The company aims to provide casino operators with innovative products like PromoTrac and CasinoTrac. Established in 1995, Table Trac designs casino management systems, with over 100 operators across North, South and Central America, and Australia.
Table Trac Inc. (OTCQX: TBTC) has declared a cash dividend of $0.02 per share to be paid on December 27, 2022. Shareholders must hold shares by the close of business on December 9, 2022, to qualify for this dividend. The company, established in 1995, specializes in casino information and management systems across multiple regions including North and South America, Australia, and the Caribbean. This announcement reflects the company’s commitment to returning value to its shareholders.
Table Trac, Inc. (OTCQX: TBTC) reported robust financial results for the third quarter and nine months ended September 30, 2022. Revenue surged by 59% year-over-year to approximately $2.3 million for Q3 2022 and increased by 60% to $8.1 million for the nine-month period. The company expanded operations with installations at new locations and an increase in games for existing customers. As of September 30, 2022, ten system contracts were in backlog, indicating sustained growth opportunities.
Table Trac, Inc. (OTCQX: TBTC) has announced the installation of its CasinoTrac management system at the Golden Buffalo Casino and Motel in Lower Brule, South Dakota. This advanced system aims to enhance slot accounting and customer reward programs, fostering customer loyalty and future growth, as stated by the casino's General Manager, Quintin HT McGhee. Chad Hoehne, President of Table Trac, expressed confidence that this partnership will assist the casino in achieving its business objectives. Table Trac was founded in 1995 and provides casino management solutions across the Americas.
Table Trac, Inc. (OTCQX: TBTC) has secured a contract to provide its casino management system to Havasu Landing Resort and Casino in California. This collaboration marks a significant addition to Table Trac's portfolio, enabling the resort to enhance its players club and streamline operations. The resort features new gaming options, a hotel with lake views, and live entertainment, positioning it as a prime destination. Chad Hoehne, President of Table Trac, expressed confidence in the partnership's potential to boost business growth and operational efficiency.
FAQ
What is the current stock price of Table Trac (TBTC)?
What is the market cap of Table Trac (TBTC)?
What is the primary business of Table Trac Inc.?
How does Table Trac Inc. support casino operations?
Who are the typical customers of Table Trac Inc.?
What differentiates Table Trac Inc.'s technology in the market?
How does the CasinoTrac system enhance player engagement?
What measures does Table Trac Inc. implement for system security?
How is Table Trac Inc. positioned within the competitive gaming industry?
Does Table Trac Inc. integrate with third-party systems?
