Other OTC:TBTC
CasinoTrac to Launch Unified, End-to-End Cashless with Koin Payments, Marker Trax
MINNETONKA, Minn., June 21, 2023 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), the developer and provider of CasinoTrac, a casino management system with more than 280 casino customers in 13 countries, today 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, stated, “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,” said Koin President Gary Larkin. “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.”
“Cashless is no longer the industry’s future; it’s the present,” Marker Trax President Charlie Skinner added. “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.”
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops, and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/.
About Marker Trax, LLC
Marker Trax is a cashless, digital alternative to a casino marker. The product is the first of its kind to offer regulatory-compliant casino marker technology that takes inefficiency out of issuing advances and provides casinos with the tools to manage their casino credit underwriting and repayments. Developed and patented by the company’s founder, Gary Ellis, in 2018, Marker Trax makes for a more efficient gaming experience for players. The Marker Trax system allows players to be scored and given access to their markers in minutes. For more information, visit markertrax.com.
About Koin Payments
Koin is transforming the payment solutions landscape with a seamless, secure, and economical way for patrons to fund gameplay and make retail purchases using their mobile devices. With the unique Koin network, casinos and resort operators can enjoy a fully integrated payment management solution for cage, table games, sportsbook, and retail transactions. Innovative payment methods, including bank ACH transfer, Venmo, direct deposit, and Marker Trax digital credit, significantly reduce merchant processing charges and cash-out activities while providing extended revenue opportunities both in and out of the resort. Koin is leading the way in transforming the gaming resort experience for the digital age. Learn more at koinpayments.com.
CONTACT: Randy Gilbert Table Trac, Inc. 952-548-8877
Other OTC:TBTC
Table Trac, Inc. Announces Multi-Year Tribal Education Scholarship for UNLV Harrah College of Hospitality
MINNETONKA, Minn., Jan. 15, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) a leading provider of casino management systems, is proud to announce a multi-year financial commitment to the William F. Harrah College of Hospitality at UNLV. This generous contribution is part of Table Trac’s ongoing commitment to fostering opportunity and development for under-served Native American communities.
Table Trac’s Tribal Education Scholarship will support students pursuing a hospitality management degree at the Harrah College of Hospitality. Students’ eligibility will be determined by their financial need and involvement in courses and programming related to the college’s Tribal Education Initiative, which is funded by the San Manuel Band of Mission Indians. The scholarship aims to help expand opportunities for Native Americans in the gaming and hospitality sectors in alignment with the central mission of the Tribal Education Initiative.
“We are thrilled to support the next generation of gaming & hospitality leaders,” said Chad Hoehne, President and CEO at Table Trac, Inc. “By providing these scholarships, we aim to empower students from diverse backgrounds to achieve their educational and professional goals.”
“Table Trac’s commitment to our Tribal Gaming Initiative and our students is truly humbling,” said David Cárdenas, dean of the Harrah College of Hospitality. “This gift helps us support and preserve the investments of Tribes in their gaming enterprises while creating economic opportunities for their next generation of leaders.”
The scholarship is open to all UNLV Hospitality College students in good academic standing and can be used for tuition, laptops, books, and application fees. The funds will be distributed as early as the spring 2025 semester.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable, and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions, and provide vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry.
Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with on-going support and maintenance contracts in over 115 casino operators in over 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features, and ancillary products. More information is available at http://www.casinotrac.com/.
About the UNLV Harrah College of Hospitality
The UNLV Harrah College of Hospitality is consistently ranked as one of the top hospitality programs in the world (#1 in the nation and #4 globally by QS Top Universities by Subject 2024). Studying just blocks away from the heart of the hospitality industry—the Las Vegas Strip, Hospitality College students enjoy unparalleled access to hands-on, industry-relevant professional experience. Over 150 major hospitality brands visit campus each year to serve as subject matter experts, mentors, and recruiters, providing career pathways for students through internships, management training programs, and direct hiring. For more information, visit http://www.unlv.edu/hospitality.
About the UNLV Foundation
Founded in 1981, the UNLV Foundation’s primary goal is to support UNLV as an institution committed to cutting-edge research, diversity, equity, inclusion and belonging, and academic success. The mission of the UNLV Foundation is to increase philanthropic support for the University, grow its endowment for long-term financial stability, and enhance the future growth of UNLV. For more information about the UNLV Foundation, please visit www.unlv.edu/philanthropy.
CONTACT: Media contact: Jeff Baldi [email protected] 702-521-0317 Investor Relations contact: Randy Gilbert [email protected] 952-548-8877
Other OTC:TBTC
CASINOTRAC MANAGEMENT SYSTEM INSTALLED AT THE JACKPOT CROSSING CASINO OF CARSON CITY NEVADA
MINNETONKA, Minn., Dec. 03, 2024 (GLOBE NEWSWIRE) — The Jackpot Crossing Casino in Carson City Nevada has chosen to replace their existing Casino Management System (CMS) with Table Trac Inc.’s (OTCQX: TBTC) CasinoTrac system.
Jackpot Crossing Casino is a popular entertainment destination located at 1897 N Edmonds Drive in Carson City, NV, offering a variety of gaming options for visitors to enjoy. With a welcoming atmosphere and diverse selection of games, Jackpot Crossing Casino provides a fun and exciting experience for guests looking to test their luck
Chad Hoehne, President of Table Trac Inc. said “Genuine responsiveness to our casino customer’s needs from our support and development teams is building a better ownership experience for our casino customers. U.S. based experts that solve problems helps CasinoTrac build and maintain an ever growing number of casino customers. We are proud to be recognized for this by Stillwater Gaming.”
“Table Trac is a special company in today’s environment. Unlike so many other companies who are distracted and focused on their own interests, Table Trac is focused on the operators and more importantly the casino guests.” Said Scott Tate, Stillwater Gaming, LLC.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable, and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions, and provide vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry.
Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with on-going support and maintenance contracts in over 115 casino operators in over 300 casinos worldwide. More information is available at http://www.tabletrac.com/.
CONTACT: For more information: Randy Gilbert Table Trac, Inc. 952-548-8877
MINNETONKA, Minn., Nov. 14, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the three and nine months ending September 30, 2024.
The 10-Q can be found @ http://www.sec.gov
Third Quarter 2024 Highlights
- The Company installed two systems.
- The Company had five installations in backlog as of September 30, 2024. The company anticipates that the majority of these contracts will be installed in the fourth quarter. As of the filing date of this report, the Company has signed one new contract.
Financial Results
Total revenue for the nine months ending September 30, 2024, was $8M compared to $6.6M in 2023, an increase of approximately 22%.
Gross profit for the three months ending was $1.8M as compared to $1.4M in 2023.
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended September 30, 2024 and 2023:
| For the Three Months Ended | ||||||||
| September 30, | ||||||||
| 2024 |
2023 |
|||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income | $ | 292,379 | $ | 171,988 | ||||
| Weighted average number of common shares outstanding – basic | 4,575,068 | 4,552,988 | ||||||
| Basic net income per share | $ | 0.06 | $ | 0.04 | ||||
| Weighted average number of common shares outstanding – diluted | 4,622,938 | 4,606,488 | ||||||
| Diluted net income per share | $ | 0.06 | $ | 0.04 | ||||
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the nine months ended September 30, 2024 and 2023:
| For the nine Months Ended | ||||||||
| September 30, | ||||||||
| 2024 |
2023 |
|||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income to common stockholders | $ | 1,110,610 | $ | 1,079,239 | ||||
| Weighted average number of common shares outstanding – basic | 4,575,068 | 4,552,481 | ||||||
| Basic net income per share | $ | 0.24 | $ | 0.24 | ||||
| Weighted average number of common shares outstanding – diluted | 4,621,840 | 4,610,786 | ||||||
| Diluted net income per share | $ | 0.24 | $ | 0.23 | ||||
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable, and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions, and provide vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry.
Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with on-going support and maintenance contracts in over 115 casino operators in over 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features, and ancillary products. More information is available at http://www.tabletrac.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
For more information:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877
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