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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.
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Table Trac, Inc. (OTCQX: TBTC) reported strong financial results for the year ended December 31, 2022, marking a record total revenue of $11 million, a 58% increase from the previous year. Income before taxes reached $2.18 million. The company received a 2023 OTCQX Best 50 award for ranking 25th among over 500 listed companies. Key achievements include the installation of 16 casino management systems and a 103% increase in system sales. Recurring revenue rose 12%, making up 31.7% of total revenue. Management expresses optimism for continued growth as backlogged projects are expected to be completed by Q2 2023.
Table Trac has received a gaming license from the Mississippi Gaming Commission, enabling the installation of its gaming management system in local casinos. This approval, noted by CEO Chad Hoehne, marks Mississippi as the seventh state to grant a license to Table Trac, joining others such as Iowa and Nevada. The company aims to provide casino operators with innovative products like PromoTrac and CasinoTrac. Established in 1995, Table Trac designs casino management systems, with over 100 operators across North, South and Central America, and Australia.
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Table Trac Inc. (OTCQX: TBTC) has declared a cash dividend of $0.02 per share to be paid on December 27, 2022. Shareholders must hold shares by the close of business on December 9, 2022, to qualify for this dividend. The company, established in 1995, specializes in casino information and management systems across multiple regions including North and South America, Australia, and the Caribbean. This announcement reflects the company’s commitment to returning value to its shareholders.
Table Trac, Inc. (OTCQX: TBTC) reported robust financial results for the third quarter and nine months ended September 30, 2022. Revenue surged by 59% year-over-year to approximately $2.3 million for Q3 2022 and increased by 60% to $8.1 million for the nine-month period. The company expanded operations with installations at new locations and an increase in games for existing customers. As of September 30, 2022, ten system contracts were in backlog, indicating sustained growth opportunities.
Table Trac, Inc. (OTCQX: TBTC) has announced the installation of its CasinoTrac management system at the Golden Buffalo Casino and Motel in Lower Brule, South Dakota. This advanced system aims to enhance slot accounting and customer reward programs, fostering customer loyalty and future growth, as stated by the casino's General Manager, Quintin HT McGhee. Chad Hoehne, President of Table Trac, expressed confidence that this partnership will assist the casino in achieving its business objectives. Table Trac was founded in 1995 and provides casino management solutions across the Americas.
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.