Other OTC:TBTC
WinnaVegas & CasinoTrac™ announce Strategic Upgrades and Launch Latest Tech
MINNETONKA, Minn., Aug. 13, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announced a major project coordinating system upgrades, new promotional kiosks, and mobile technology to consolidate disparate systems and launch cashless wagering with the Winnebago Tribe of Nebraska at WinnaVegas Casino Resort, in Sloan, IA.
“This is an exciting time for our guests and associates as we make another significant investment in the guest experience at WinnaVegas Casino Resort.” “We look forward to introducing these innovations to our guests and our continued development of the property. We continue to focus on exceeding our guest’s expectations, and we will continue to integrate the casino resort concept into the future growth plans of WinnaVegas,” said Vice President and General Manager, Tom Teesdale.
Chad Hoehne, President of Table Trac, Inc., stated, “WinnaVegas has long been an outstanding partner, and today, that relationship took a great step forward, with the launch of our latest technology, complementing substantial property upgrades and the addition of our fintech partner, Koin. “Hoehne added, “These projects are monumental for all parties. CasinoTrac is honored to be in the middle of it all.”
Gary Larkin, President of Koin, stated, “Partnering with WinnaVegas Casino Resort and CasinoTrac to roll out our integrated digital solutions marks a major advancement in the gaming experience. At Koin, we aim to deliver solutions that enhance customer experiences and streamline operations for our partners. We are thrilled to support WinnaVegas in their dedication to prioritize customer experience and to continue our mission to drive the digital ecosystem forward. “
WinnaVegas will deploy multiple new KioskTrac™ Loyalty Kiosks and KTMobile™, CasinoTrac’s native mobile application with fully integrated cashless wagering functionality enabled by Koin. Additionally, CasinoTrac’s interactive, intuitive Data Analytics Suite, DataTrac™, will be deployed to monitor and anticipate performance metrics.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells software and casino management systems for casino gaming operators. CasinoTrac is operational in over 300 casinos and 41 Native American tribes across 13 countries, including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.CasinoTrac.com/.
About WinnaVegas Casino Resort
Since its opening in April 1992, WinnaVegas Casino Resort has evolved as an area leader in the hospitality industry and continues to be a significant contributor to the local economy. WinnaVegas Casino Resort is owned and operated by the Winnebago Tribe of Nebraska and is in its 32nd year of operation. WinnaVegas has grown over the years to become the largest gaming floor in the area with a total gaming space of 55,000 square feet with 12 table games and nearly 800 slot machines – the most in Siouxland! The resort features 78 well-appointed hotel rooms, an indoor pool, an indoor golf simulator experience, multiple dining options, a spacious event center, and multiple meeting rooms.
About Koin
Koin is a gaming resort solution that utilizes dynamic, fully integrated financial wallet features to offer customers access to their funds anywhere, anytime. Developed by company founder Gary Ellis in 2021, Koin provides a robust roster of digital funding options, including bank ACH transfer, debit cards, real-time payments, international transfers, and Marker Trax digital credit. It offers resort operators a fully integrated cage, table games, and retail management system. With casino and resort payment systems reducing merchant processing charges for all casino and resort retail payments and cash-out activities, and functionality making it easier for customers to access and utilize their funds, Koin is reimagining the gaming resort experience for the digital age. For more information, visit koinpayments.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: Investor Relations contact: Randy Gilbert [email protected] 952-548-8877 Media/Sales contact: Jeff Baldi [email protected] 702-521-0317
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
MINNETONKA, Minn., Nov. 08, 2024 (GLOBE NEWSWIRE) — On November 8, 2024, 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 13, 2024 to shareholders of record at the close of business on November 29, 2024.
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
MINNETONKA, Minn., Oct. 03, 2024 (GLOBE NEWSWIRE) — On October 3, 2024, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) 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.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino management systems and software. CasinoTrac CMS is operational in more than 300 casinos and 41 Native American tribes across 13 countries, including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.casinotrac.com/.
CONTACT: For more information: Randy Gilbert Table Trac, Inc. 952-548-8877
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