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) has signed a contract to implement its CasinoTrac management system at the Jail House Motel and Casino in Ely, Nevada. This casino features a variety of games including slots and video poker, as well as 60 guest rooms and a fine dining restaurant, the Cellblock Steak House. Both Table Trac and the casino's management express excitement over the potential for enhanced customer loyalty and growth through the new system. Table Trac operates in 13 countries, showcasing its experience in casino management solutions.
Table Trac, Inc. (OTCQX: TBTC) has received a gaming license from the Wisconsin Division of Gaming, enabling the installation of its gaming management system in Wisconsin casinos. This marks the seventh state license granted to Table Trac, joining previous approvals from states like Colorado and Nevada. The company, established in 1995, provides casino information and management systems, currently serving over 90 operators across more than 150 sites in North, South, and Central America, including the Caribbean.
Table Trac, Inc. (OTCQX: TBTC) has entered an agreement to implement its CasinoTrac management system at The Greenbrier, a historic luxury resort in West Virginia. This partnership highlights CasinoTrac's reputation as a top choice among renowned casino destinations. The Vice President of Casino Operations at The Greenbrier emphasized the system's quality and alignment with their standards. Table Trac has been in the casino management business since 1995, providing solutions across 13 countries. The press release also includes a forward-looking statement disclaimer regarding potential risks.
Table Trac, Inc. (OTCQX: TBTC) has received a gaming management system license from the West Virginia Lottery Commission, allowing installation in West Virginia casinos. This marks the sixth commercial state gaming license granted to Table Trac, which already operates in Colorado, Iowa, Maryland, Nevada, and South Dakota. President Chad Hoehne expressed satisfaction with the approval, indicating readiness to serve the West Virginia gaming market with necessary products and support.
Table Trac, Inc. (OTCQX: TBTC) has successfully installed its CasinoTrac management system at the StageCoach Hotel and Casino in Beatty, Nevada. This installation was completed in just two weeks, showcasing the company's operational efficiency. Chad Hoehne, President of Table Trac, emphasized the importance of this deal in enhancing customer loyalty and driving growth. The CasinoTrac system currently operates in casinos across 13 countries, indicating a strong international presence. The installation is anticipated to support the casino's customer engagement strategy.
Table Trac, Inc. (OTCQX: TBTC) reported strong financial results for the quarter ending September 30, 2021, with net income of $186,811, up from $29,513 in 2020. The company installed four new systems and expanded existing customers' games. As of September 30, 2021, there were 11 customer contracts in backlog, expected to be installed by December 31, 2021. For the nine months ended September 30, 2021, net income was $956,453, an increase from $118,913 in the prior year, and diluted earnings per share reached $0.21.
Table Trac, Inc. (OTCQX: TBTC) is showcasing its collaboration with CASINO MONEY at the G2E conference in Las Vegas. Together, they are presenting innovative cashless solutions for casino guests, enabling mobile financial transactions through Table Trac's KioskTrac Mobile app and CASINO MONEY's kiosks. Guests can easily transfer funds from multiple bank accounts to their CM Mobile Wallet. The partnership aims to enhance player convenience and streamline the gaming experience, integrating various payment options while keeping users engaged on the gaming floor.
Table Trac, Inc. (OTCQX: TBTC) announced its partnership with Comanche Nation Entertainment to implement its CasinoTrac management system at the new Comanche Cache Casino in Cache, Oklahoma. This project is part of Comanche Nation's expansion, following the development of the War Pony Casino. The CasinoTrac system will enhance guest experience and adapt to COVID protocols with features like automatic machine deactivation for social distancing. Table Trac's technology is currently utilized in casinos across 13 countries, demonstrating its global reach.
Table Trac, Inc. (OTCQX: TBTC) will participate in the Global Gaming Expo (G2E) in Las Vegas from Oct 4-7, 2021. The company is recognized as a finalist for the Global Gaming Awards for Land-based Supplier of the Year and Product of the Year for its KioskTrac Player Rewards Kiosk and Mobile Application. These innovations enhance player satisfaction through seamless cashless transactions and mobile rewards. Table Trac will showcase its products at booth #1636 during the expo.
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