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) operates over 270 casino management systems across 13 countries. Their product, CasinoTrac, caters to various gaming environments, including Bingo and electronic horse racing terminals, allowing flexible accounting and player club services. Recently, they partnered with two gaming operators in Alabama: Greenetrack racetrack and The Palace Bingo, which opened in July. This collaboration enhances their market reach and product application.
Table Trac, Inc. (OTCQX: TBTC) reported its financial results for Q2 2022, showing a revenue increase of approximately $1,012,000, rising to $2,459,014 from $1,447,046 in Q2 2021. The company installed six new systems, expanded customer locations, and recorded the highest number of games installed in a quarter. As of June 30, 2022, there are seven contracts and one expansion in backlog. However, $2,829,200 of installed systems were not recorded as revenue due to collectability issues, affecting financial metrics for the quarter.
Table Trac Inc (OTCQX: TBTC) has received approval for its CasinoTrac management system in Nevada, enhancing its operations in the gaming sector. Their system is now implemented in Las Vegas, a key market, following contracts with two well-regarded casinos. Chad Hoehne, President, expresses pride in this achievement, noting that the system is active in over 270 casinos across the U.S. and internationally. This expansion could significantly bolster Table Trac's presence and reference appeal in the gaming capital, paving the way for future growth opportunities.
Table Trac, Inc. (OTCQX: TBTC) has signed a significant agreement to implement its CasinoTrac management system at Bighorn Casino and Longhorn Casino in Las Vegas, Nevada. Bighorn Casino recently received an award for 'Best Casino and Restaurant' in North Las Vegas, enhancing its reputation. Chad Hoehne, President of Table Trac, expressed confidence in the products' ability to improve business operations at these locations. The partnership marks a strategic move for Table Trac, which operates in 13 countries, aiming to expand its market presence.
Table Trac, Inc. (OTCQX: TBTC) has secured a contract with Waymore Casino in Panama to implement its CasinoTrac management system. This partnership signifies a growing trend of South American casinos adopting Table Trac's innovative solutions. The Waymore Casino's executive team expressed enthusiasm about the new capabilities the CasinoTrac system will bring as they expand their operations. Table Trac, founded in 1995, has over 145 systems installed across the Americas, continuing to enhance their footprint in the gaming industry.
Table Trac, Inc. (OTCQX: TBTC) announced the installation of its CasinoTrac management system at the Lucky Strike Casino in Carson City, Nevada, owned by Stillwater Gaming. The CasinoTrac system is recognized for its reliability and value in the casino industry. Chad Hoehne, President of Table Trac, expressed pride in partnering with Stillwater Gaming, while Scott Tate from Stillwater Gaming praised CasinoTrac's stability and the company's focus on gaming systems. Table Trac has been operating in 13 countries, enhancing its global footprint.
Table Trac, Inc. (OTCQX: TBTC) announced its partnership with Lake of the Torches Resort Casino to implement the Table Games Management System. This upgrade aims to enhance player tracking and accounting capabilities within their table games department, as stated by CEO Bill Guelcher. The CasinoTrac system's dynamic integration and future modular additions were highlighted as key benefits. CEO Chad Hoehne emphasized the company's commitment to meeting unique client requirements. Table Trac has systems operational in North, South, and Central America, as well as the Caribbean.
Table Trac, Inc. (OTCQX: TBTC) reported significant growth for Q1 2022, with net income of $1,261,840, up from $616,007 in Q1 2021, marking a 104% increase. The company installed three new systems and expanded its presence in existing locations, leading to nine customer contracts in backlog, expected to install within two quarters. Basic net income per share rose to $0.28 from $0.14, while diluted EPS increased to $0.27 from $0.14.
Table Trac, Inc. (OTCQX: TBTC) reported strong financial results for the year ending December 31, 2021. Revenues increased to $6.97 million, up from $4.40 million in 2020, as the casino industry rebounded. The company achieved a net income of $1.71 million compared to $306,893 previously, with earnings per share rising to $0.38. Operating expenses decreased to $3.56 million, aided by Employee Retention Credits. Table Trac installed its casino management systems in ten locations during 2021, supporting over 100 casino operators across 265 casinos globally.
Table Trac, Inc. (OTCQX: TBTC) has entered into an agreement to implement its CasinoTrac management system at Best Bet Products, Inc's Phoenix Bar and Grill in Pahrump, Nevada. This collaboration aims to enhance customer loyalty and drive growth through an integrated slot accounting and customer reward program. Best Bet Products, Inc's President, Shawn Holmes, emphasized the importance of building a Player's Club to capitalize on gaming opportunities. Table Trac's President, Chad Hoehne, expressed confidence in the system's capabilities to assist in business growth.
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?
