Table Trac Receives Patent For Keystone Technologies Supporting Touchless/Cashless Usage In Casinos

Rhea-AI Summary

Table Trac, Inc. (OTCQX: TBTC) has been awarded a patent for its innovative touchless monetary management system for gaming machines. This mobile application allows players to manage their casino funds without physical interaction, effectively addressing safety concerns raised during the COVID-19 pandemic. The patent enhances promotional functionalities, enabling operators to add promotional credits to games. CEO Chad Hoehne emphasized the significance of this technology for ensuring safe gaming experiences as the company continues to evolve its offerings in the casino management sector.

Positive

• Patent awarded for touchless secure monetary management, enhancing cashless transactions in gaming.
• Mobile app improves player convenience by allowing fund transfers from casino accounts.
• Addresses safety concerns related to COVID-19, potentially increasing market demand for its solutions.

Negative

• None.

MINNETONKA, Minn., Sept. 30, 2020 /PRNewswire/ -- The United States Patent Office granted Table Trac, Inc. (OTCQX: TBTC) a patent for SYSTEMS AND METHODS OF FACILITATING INTERACTIONS BETWEEN AN ELECTRONIC GAMING MACHINE, GAME PLAYER, AND A CONTROL SYSTEM, a patent providing for touchless secure monetary management at gaming machines.

The patent is embodied in a mobile application that facilitates cashless functionality to the gaming industry in a touch-free manner.  Our Approach gives mobile applications using this technology the ability to allow game players to perform a series of actions that would normally be done on gaming machines using their personal devices. These functions include moving funds from their casino accounts onto games.  In addition, promotional events with awarded promotional credits can be added to games for extended play.

"It is timely that this patent has been issued now. Table Trac Inc has been responsive in providing gaming floor technologies to address concerns raised in the era of COVID-19, including Dynamic Auto Social Distancing software and Clean/Disinfect shutoff and mapping software for our CasinoTrac CMS system customers," said Chad Hoehne, President & CEO at Table Trac Inc. "This new patent showcases our unique approach to providing this technology, and we look forward to partnering with others in the industry in providing patrons with options to play safely."

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops, and sells casino information and management systems. The company has over 190 systems installed in North, South, and Central America, as well as Australia and the Caribbean.  More information is available at http://www.tabletrac.com/.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

View original content:http://www.prnewswire.com/news-releases/table-trac-receives-patent-for-keystone-technologies-supporting-touchlesscashless-usage-in-casinos-301142432.html

SOURCE Table Trac, Inc.

FAQ

What is Table Trac's new patent about?

Table Trac's new patent relates to systems and methods for facilitating touchless secure monetary management at gaming machines.

How does the new patent impact cashless gaming?

The patent enables a mobile application that allows game players to manage funds and interact with gaming machines without physical contact.

When was the patent granted to Table Trac?

The patent was granted on September 30, 2020.

What is the significance of this patent for Table Trac?

This patent enhances Table Trac's offerings in casino management by providing a safer gaming option amidst COVID-19 concerns.

What are the key features of the mobile application associated with the patent?

The mobile application allows cashless transactions, fund transfers, and promotional event management directly from personal devices.