Chad Hoehne
CasinoTrac and TransAct Announce Industry First Floor-wide, Single-Wire Printing Solution
Table Trac Inc. has completed a “First of its Kind” integration project with TransAct Technologies, to become the industry’s first CMS to provide a single-wire, On-Demand Printing solution, eliminating the hassle of redundant networking gear or infrastructure.
In this new environment, casino operators can deploy PromoTrac OnDemand, with Epicentral, thru CasinoTrac’s 6.2 CT VSMIB player tracking interface, with Epic Edge and/or Epic 950 printers. In addition to and leveraging the cutting-edge features of the Epicentral platform, CasinoTrac SelfPay keeps players playing, by handling accumulated credit payouts, jackpots and even taxable w2G events, in less than 60 seconds.
“CasinoTrac system owners know they can integrate with great features like TransAct’s Epicentral using their integration-friendly, API-driven CasinoTrac CMS. We were excited to work with TransAct’s great team to innovate the one wire solution, combining CasinoTrac’s powerful in-game hardware platform with TransAct’s Epicentral SE designer and print server to deliver high resolution graphic promotional coupons, pre-filled drawing entries, and more to the guest, right at their game,” Chad Hoehne, President of Table Trac, said.
“This solution provides a ton of functionality and flexibility, is simple, lightweight to deploy and generates tremendous cost savings by eliminating additional in-game hardware and multiple networks,” Chad Hoehne added.
“We are proud to partner with Chad and CasinoTrac on the groundbreaking integration. The need for redundant networking within a casino’s operations in order to utilize Epicentral has long been a barrier for new customers, and I am happy to announce that this partnership solves that logistical challenge for CasinoTrac’s considerable install base. We believe this will open the door to additional white space for both our Epicentral and casino printer products across a number of markets and builds a strong connection between CasinoTrac and TransAct going forward,” John Dillon, CEO of TransAct, said.
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.”
Table Trac Inc. announced it has signed an agreement to replace a competitor’s system with the CasinoTrac casino management system, for the Red Cliff Band of Lake Superior at Legendary Waters Resort and Casino, in Bayfield, Wisconsin.
Legendary Waters Resort & Casino is located on the northern-most shores of the State of Wisconsin within the boundaries of the Apostle Islands National Lakeshore. Located just three miles north of Bayfield, twenty-three miles north of Ashland, and eighty miles east of The Twin Ports (Duluth/Superior) on Highway 13, Legendary Waters is a beautiful resort and casino on Lake Superior that provides guests with amazing views throughout the entire facility.
“When it came to the need for better streamlining our gaming management system and to best evolve our player development and direct marketing efforts, we found the answer with CasinoTrac. Their mission statement permeates in all aspects and our team members and guests will benefit greatly from their progressive technology and ease of use,” Randy Soulier, Interim General Manager at Legendary Waters Resort & Casino, said.
“We are honored that the Red Cliff Band of Lake Superior have selected the CasinoTrac management system for the Legendary Waters Resort and Casino. We are confident CasinoTrac will help grow Legendary Waters’ business through an enhanced loyalty program, less system downtime, the value of our maintenance and support program, and greater efficiency by streamlined processes,” Chad Hoehne, President of Table Trac, said.
Table Trac Inc., the developer and provider of CasinoTrac, a casino management system with more than 280 casino customers in 13 countries, announced a new partnership with gaming fintech disruptors, Koin Payments and Marker Trax, to introduce its KTMobile app with an integrated cashless solution, for its customers.
The technology blend becomes “Cashless in a Box,” providing a feature rich, regulated digital wallet for all casino/resort spend activities, providing the casino operator with the ability to extend their branded guest experience, outside the casino and off property.
Chad Hoehne, President of Table Trac Inc, said: “When we filed for our first patent on what has now become KT Mobile in 2018, I wanted to bring the entire player rewards experience from the game screen to the player’s phone. Embedding Koin & Marker Trax financial services functionality with the reliable and proven CasinoTrac CMS, is the realization of my original vision.”
In approved markets, Cashless in a Box not only packages the mobile, gaming, and financial technology but, also provides a launch plan with marketing, player education support making it easier for operators of all sizes to enjoy the benefits of cashless operations, with less headaches.
“Gaming customers want the functionality of being able to handle all their transactions from a single touchpoint, the same way it’s available in nearly every other facet of their lives. Koin and Marker Trax have been at the forefront of bringing consumers the digital solutions they want in the gaming space, and we’re proud to work with partners like Table Trac who share that vision,” said Koin President Gary Larkin.
“Cashless is no longer the industry’s future; it’s the present. Companies like Table Trac are embracing this technology and all-in-one functionality for the ultimate benefit of their customers, and of the industry as a whole,” Marker Trax President Charlie Skinner said.
-
Balkans4 days agoCT Gaming to Showcase its Latest Products at the Belgrade Future Gaming Exhibition
-
Australia4 days ago
Nerida O’Loughlin Reappointed as ACMA Chair
-
British Columbia Lottery Corporation4 days ago
SCCG Management Signs Contract with British Columbia Lottery Corporation
-
Asia4 days ago
Indonesia Establishes Task Force to Combat Online Gambling
-
Latest News4 days ago
NetBet Casino Joins Forces with Habanero
-
Latest News4 days ago
PRAGMATIC PLAY DROPS CANDY BLITZ BOMBS
-
BiS SiGMA Americas3 days ago
Sportingtech Places New Local Talent Front and Center at BiS SiGMA Americas
-
Andre Filipe Neves3 days ago
Salsa Technology Hails Hugely Successful BIS SiGMA Americas
