Table Trac Inc Stock Price, News & Analysis

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.

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.