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.
Table Trac, Inc. (TBTC) develops, sells and leases casino information and management systems, with news centered on its CasinoTrac platform, technical support services and installed-base activity across casino operators. Company updates commonly cover customer selections and installations, modules for player tracking, kiosk promotions, vault and cage controls, and systems designed for gaming-industry auditing, accounting and regulatory requirements.
Recurring announcements also include quarterly and special cash dividends, annual operating results, leadership changes and product development in casino table-game monitoring. Table Trac’s technology references include open-architecture CasinoTrac integrations with third-party software and hardware and a patented real-time system for automating and monitoring casino gaming tables.
Table Trac, Inc. (OTCQX: TBTC) reported significant growth in its first-quarter financial results for 2021, with income before taxes increasing to $828,507, compared to $18,806 in 2020. Ongoing maintenance revenue rose by 10%, reaching $783,920. EBITDA surged to approximately $836,000 from $32,700 in the previous year. The company also installed three new CasinoTrac systems, while its Australian reseller expanded installations across 57 locations, revealing strong demand and a backlog of nine system installations.
Table Trac, Inc. (OTCQX: TBTC) has secured a contract with Best Bet Products, Inc. to implement the CasinoTrac management system at Stage Stop Casino and the Grill Room in Pahrump, Nevada. This strategic installation aims to enhance slot accounting and customer loyalty through an integrated Player's Club, fostering growth in both existing and future gaming projects. Table Trac's President expressed confidence that its solutions will aid Best Bet Products in achieving its business goals.
Table Trac, Inc. (OTCQX: TBTC) announced its year-end financial results for 2020, revealing a decrease in revenues to $4,401,441 from $7,908,461 in 2019 due to the COVID-19 pandemic. The net income also declined to $306,893 from $805,265. Despite these downturns, the company installed its CasinoTrac system at 10 new locations, bringing total installations to 110 operators in over 170 casinos globally. Table Trac was granted a patent for a new system facilitating touchless monetary management, reflecting innovation amid the pandemic.
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.
Table Trac, Inc. (OTCQX: TBTC) announces its installation of the CasinoTrac management system at the historic Carson Nugget casino in Carson City, Nevada. This upgrade replaces the old casino management system, enhancing operational efficiency. The Carson Nugget, which opened in 1954, features a remodeled slot floor and modern amenities, making it a key player in downtown Carson City. CEO Chad Hoehne expressed pride in contributing to the vibrancy of this landmark casino, while CEO Dean DiLullo highlighted their satisfaction with the CasinoTrac system.