On October 3, 2024, The Board of Directors of Table Trac Inc. the producer of CasinoTrac, a Secure, Unified and Stable Casino Management system, approved the addition of Andrew T. Berger to its Board of Directors.

“We are very pleased and excited to have Andrew join our Board of Directors,” commented Chad Hoehne, President and CEO of Table Trac Inc.

Mr. Berger has served as a director of Autoscope Technologies Corporation (and/or its predecessor subsidiary Image Sensing Systems Inc.) since October 2015 and as its Executive Chair since June 2016. He was also its CEO from April 2021 to November 2022. Mr. Berger was appointed Chief Executive Officer of Tuesday Morning Corporation, an off-price retailer of home goods and décor from November 2022 through May 2023, where he assisted in the sale of its assets to Hilco. In 2024, Mr. Berger acquired the IP of Tuesday Morning and relaunched its digital operations. Mr. Berger is currently the Managing Member of AB Value Management LLC, which serves as the General Partner of AB Value Partners, LP., an investment partnership. In addition, Mr. Berger provides business consultancy services through Walker’s Manual, Inc., served as an equity analyst for Value Line, Inc., was the Chief Executive Officer of Cosi, a fast-causal restaurant chain, and served on the board of directors of Rocky Mountain Chocolate Factory, Inc., an international franchisor and confectionery manufacturer.

“I look forward to the opportunity to be a member of the Table Trac Board. I believe it is a great time to join the Table Trac team, and I am excited to contribute to the expansion and growth of their business,” commented Mr. Berger.

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Table Trac Inc. along with TransAct Technologies Incorporated, a global leader in software-driven technology and printing solutions, shared the results from the first six months of the SlotSUITE deployment. The floor-wide, single-wire printing solution, announced in December 2023, was recently implemented in a large regional casino in the American Southwest.

SlotSUITE was developed through a partnership between CasinoTrac and TransAct Technologies. It integrates TransAct’s Epicentral SE with PromoTrac, CasinoTrac’s unified promotions administration and management system, using a single-wire solution that works on existing CasinoTrac gaming floor networks. This integration eliminates the need for additional network wiring and peripherals, making it a practical option for casinos looking to streamline operations and enhance player engagement. TransAct’s Epicentral SE solution allows SlotSUITE to print promotions live at the slot machine during play.

Deployment Results

The SlotSUITE system was installed across more than 2500 games and compared against data from the previous twelve months. The results from this initial deployment indicate significant improvements in several key performance areas:

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• Carded/Rated Play: An increase of 58.6% was observed, with average rated play rising from 17% to 29% over the six-month period.
• Rated Coin-In: There was a 21% increase in rated coin-in on the games upgraded with SlotSUITE.
• Overall Coin-In: A 3% increase in coin-in and related win was seen across the entire floor, including games still needing to be upgraded.
• Rated WPU Increase: Rated WPU increased by 39% among games enhanced with SlotSUITE.
• Overall WPU: A significant 8% increase in WPU was recorded across the entire gaming floor, even in games not yet upgraded to SlotSUITE.

Chad Hoehne, President of Table Trac, said: “The SlotSUITE deployment has confirmed our expectations of a solution that is not only simple to deploy but also effective in improving operational efficiency and guest experience. The results show a clear impact on profitability and player engagement.”

John Dillon, CEO of TransAct, said: “The data from this deployment reinforces the value of SlotSUITE as a solution that can simplify casino operations while delivering measurable financial benefits. We’re pleased with the early success and look forward to further implementations.”

Table Trac Inc., a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced its financial results for the year ended December 31, 2023.

Year End Highlights

• Record $7 Million in Gross Profit.
• Gross Margin percentage exceeds 74%.
• Record reoccurring revenue of $4.9 Million, a 42% increase over the prior year.
• Table Trac declared and paid three quarterly dividends of $0.01/share.
• The CasinoTrac system was installed in thirteen locations during 2023. At the end of 2023, the Company had casino management systems, table games management systems and ancillary products installed with 110 casino operators in over 300 casinos worldwide.
• Table Trac established an office/showroom in Las Vegas.

Year-to-Date Financial Results

• Earnings per share remained strong at $0.35/share – diluted, which was consistent with 2022.
• Recurring revenue accounted for 52.6% of total revenues.
• Net Income for 2023 was $1,675,717 compared to $1,624,453 for 2022.

Management Commentary

Table Trac CFO Randy Gilbert said: “2023 was another very strong year for Table Trac. We ended the year having installed thirteen new systems, expanding one of our current customers and we currently have four projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2024. Our reoccurring revenue continues to increase. Other sales, which included DataTrac and kiosk related products increased over 9% compared to 2022 and accounted for over 12% of our total revenue in 2023.”

Chad Hoehne, President & CEO of Table Trac, said: “Once again, Table Trac Inc. continues to add product offerings while expanding our customer base. The result is building more ways we can sustain and deliver shareholder value and per share earnings.”

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