Other OTC:TBTC
Legendary Waters Resort and Casino selects CasinoTrac
MINNETONKA, Minn., Sept. 07, 2023 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announces 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.” stated Randy Soulier, Interim General Manager, Legendary Waters Resort & Casino.
Chad Hoehne, President of Table Trac, Inc., stated, “We are honored that the Red Cliff Band of Lake Superior have selected the CasinoTrac management system for the Legendary Waters Resort and Casino.” Hoehne continued, “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.”
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino management systems. CasinoTrac is operational in casinos across 13 countries including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.CasinoTrac.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.
CONTACT: For more information: Randy Gilbert Table Trac, Inc. 952-548-8877
MINNETONKA, Minn., Nov. 21, 2023 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announces it has signed an agreement with the Apache Tribe of Oklahoma, to install its CasinoTrac™ casino management system at Oklahoma’s newest full-service gaming destination, the Apache Lonestar Casino, in Devol, OK.
The Apache Lonestar Casino is Southwest Oklahoma and North Texas’ newest gaming and entertainment destination. Touting the region’s best in live music, amazing food, drinks, and the hottest games in the industry.
Mike Spell, General Manager of Apache Lonestar Casino stated, “We will be offering the area’s most innovative customer service experience. We will offer new and exciting game play on several types of devices as well as live table games utilizing all the best technology Table Trac has available.”
Chad Hoehne, President of Table Trac, Inc., stated, “We are honored that the Apache Tribe of Oklahoma has decided to extend our long partnership and expand their CasinoTrac CMS installations across all their casinos.” Hoehne continued, “CasinoTrac and the Apache Tribe of Oklahoma are long-time partners; we are excited for what the future holds. The new facility is beautiful, it is an endeavor to be proud of.”
The entire CasinoTrac CMS platform will be deployed to support nearly 800 gaming machines, live table games, fully-integrated POS & PMS systems and cutting edge player engagement at the gaming machine & KioskTrac™ promotional devices. The Apache Lonestar will also showcase KTMobile™, the branded, integrated native mobile loyalty solution and DataTrac™, for advanced analytics and business intelligence.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells CasinoTrac CMS, a casino management system, and complementary operations, analytical software for gaming and hospitality operators. CasinoTrac is operational in 300 casinos across 13 countries including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.CasinoTrac.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.
CONTACT: Randy Gilbert Table Trac, Inc. 952-548-8877
MINNETONKA, Minn., Nov. 13, 2023 (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, 2023.
The 10-Q can be found @ http://www.sec.gov
Third Quarter 2023 Highlights
- The Company installed four systems and our distributors expanded our system in new and current locations during the quarter.
- The Company had six customer contracts in backlog as of September 30, 2023. The company anticipates that the majority of these contracts will be installed in the next two quarters. As of the filing date of this report, the Company has signed two new contracts.
Financial Results
Maintenance revenue for the quarter was $1.3M compared to $883K in 2022, an increase of approximately 48%.
Gross profit for the nine months ending was $5.16M as compared to $4.98M in 2022.
Net income for the nine months ending was $1,079,239 as compared to $1,309,642 in 2022.
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, 2023 and 2022:
| For the Three Months Ended | |||||||
| September 30, | |||||||
| 2023 | 2022 | ||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income | $ | 171,998 | $ | 290,126 | |||
| Weighted average number of common shares outstanding – basic | 4,552,988 | 4,521,988 | |||||
| Basic net income per share | $ | 0.04 | $ | 0.06 | |||
| Weighted average number of common shares outstanding – diluted | 4,606,488 | 4,566,679 | |||||
| Diluted net income per share | $ | 0.04 | $ | 0.06 | |||
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, 2023 and 2022:
| For the nine Months Ended | |||||||
| September 30, | |||||||
| 2023 | 2022 | ||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income to common stockholders | $ | 1,079,239 | $ | 1,309,642 | |||
| Weighted average number of common shares outstanding – basic | 4,552,481 | 4,521,988 | |||||
| Basic net income per share | $ | 0.24 | $ | 0.29 | |||
| Weighted average number of common shares outstanding – diluted | 4,610,786 | 4,560,604 | |||||
| Diluted net income per share | $ | 0.23 | $ | 0.29 | |||
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 Australia and the Caribbean. 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
MINNETONKA, Minn., Nov. 06, 2023 (GLOBE NEWSWIRE) — On November 3, 2023, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) approved a cash dividend on the Company’s common stock of $0.01 per share. The dividend is payable on December 22, 2023 to shareholders of record at the close of business on December 1, 2023.
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 Australia and the Caribbean. 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.
CONTACT: For more information: Randy Gilbert Table Trac, Inc. 952-548-8877
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