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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.
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.
Table Trac, Inc. (OTCQX: TBTC) reported strong financial results for the year ending December 31, 2021. Revenues increased to $6.97 million, up from $4.40 million in 2020, as the casino industry rebounded. The company achieved a net income of $1.71 million compared to $306,893 previously, with earnings per share rising to $0.38. Operating expenses decreased to $3.56 million, aided by Employee Retention Credits. Table Trac installed its casino management systems in ten locations during 2021, supporting over 100 casino operators across 265 casinos globally.
Table Trac, Inc. (OTCQX: TBTC) has entered into an agreement to implement its CasinoTrac management system at Best Bet Products, Inc's Phoenix Bar and Grill in Pahrump, Nevada. This collaboration aims to enhance customer loyalty and drive growth through an integrated slot accounting and customer reward program. Best Bet Products, Inc's President, Shawn Holmes, emphasized the importance of building a Player's Club to capitalize on gaming opportunities. Table Trac's President, Chad Hoehne, expressed confidence in the system's capabilities to assist in business growth.
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.