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Table Trac, Inc. Announces Year End Results for 2019

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Table Trac, Inc., announced financial results for the year ended December 31, 2019.

Year End Highlights

  • The CasinoTrac system was installed in 27 locations during 2019. At the end of 2019, the Company had casino management systems, table games management systems and ancillary products installed with on-going support and maintenance contracts with 100 casino operators in over 160 casinos worldwide.
  • During 2019, the Company delivered product with a value of approximately $4,460,000 on new contracts at the respective contract dates. Approximately $2,500,000 of the revenue for these system sales will be recognized in future periods. As a result, those contracts, along with the related maintenance, are expected to add approximately $97,000 each month to the existing recurring revenue.
  • The company signed an exclusivity contract with the Japanese company, BroadBand Security Inc., in Tokyo, to rebrand, adapt and market their casino management system (CMS) to the developing Japanese gaming market.

Year-to-Date Financial Results

Revenues from service and other sales increased from $229,704 in 2018 to $1,415,947 in 2019.

Ongoing maintenance revenue increased from $2,635,122 in 2018 to $2,829,740 in 2019, a 7% increase of approximately $195k, due to high customer retention along with new accounts added during 2019.

Total operating expenses increased from $4,611,097 in 2018 to $4,853,767 in 2019 a 4.7% increase of approximately $219k.  This increase was primarily a result of the Company’s increased sales and marketing efforts

The net income for 2019 was $805,998 compared to net income of $514,965 for 2018.

 

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/.

 

SOURCE Table Trac, Inc.

Alejandra Burato

Record Attendance, Exciting New Releases, and a Resounding Success: This was Zitro Experience Peru

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On June 15, Zitro hosted another outstanding edition of Zitro Experience Peru. Now firmly established as a must-attend event for the gaming industry in the region, this year’s gathering drew a record number of operators from the Peruvian market, who got an exclusive first look at the company’s latest innovations for Peru and Latin America.

According to María Fernanda Soto, Country Manager for Peru, one of the highlights of the evening was FANTASY, Zitro’s latest cabinet featuring five exclusive titles: ‘Brave Dragon’, ‘Lion Falls’, ‘Gold Space’, ‘Fantasy Mine’, and ‘Rock n’ Raccoons’. Another standout moment was the presentation of CONCEPT, where guests were given an exclusive preview of a new and diverse game library developed for the cabinet, including ‘Penguin Party’, ‘Funny Bunnies’, ‘Treasure Shore’, ‘River Gold Wealth’, ‘Tied Up! Coins’, ‘Haunted Fortune,’ ‘Ancient Link’, and many more.

Zitro Digital also showcased its newest releases for the online channel, which drew strong interest among attendees and underscored the company’s growing presence across the region. The event was further enhanced by live entertainment and an exceptional culinary experience, creating a very special evening for all guests.

“Reaching the fifth edition of Zitro Experience Peru with record attendance and an ever-expanding event space is a tremendous achievement. Seeing this event grow year after year alongside our customers is the clearest reflection of the trust they place in us. We sincerely thank all attendees for joining us and for contributing to the success of it,” said Alejandra Burato, Regional Director of Zitro for Latin America.

The post Record Attendance, Exciting New Releases, and a Resounding Success: This was Zitro Experience Peru appeared first on Americas iGaming & Sports Betting News.

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Digital Wallets

Neosurf partners with Mercado Pago to add betting deposits in Mexico

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Neosurf has announced a partnership with Mercado Pago to expand wallet-based funding options for online betting customers in Mexico.

Under the integration, Mercado Pago wallet holders will be able to use their Mercado Pago balance to fund online betting accounts via the Neosurf wallet. Neosurf said the rollout is initially focused on the Mexican market and supports transfers to participating sports betting operators.

Mercado Pago described itself as Latin America’s leading fintech platform with more than 56 million active monthly users. Neosurf positioned the deal as part of broader growth in digital wallet adoption across Latin America, with customers seeking mobile-first payment experiences.

Sue Page, Neosurf CEO Americas, said: “Mexico represents a major growth market for both digital payments and online betting, and we’re incredibly excited to partner with Mercado Pago. This partnership creates a new, easy way for Mercado Pago wallet holders to use their balance to fund their online sports betting accounts through the Neosurf wallet. It reinforces our commitment to delivering secure, compliant and player focused payment solutions throughout Latin America.”

The post Neosurf partners with Mercado Pago to add betting deposits in Mexico appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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Innovative payment solutions provider teams up with leading LATAM fintech platform to expand digital wallet access for online betting customers in Mexico

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Neosurf, the innovative payment provider specializing in cash-to-digital and digital wallet solutions for the iGaming industry, has today announced a new partnership with Mercado Pago that expands the funding options available to online betting customers in Mexico.

Mercado Pago is Latin America’s leading fintech platform, with over 56 million active monthly users, and the collaboration will enable Mercado Pago wallet holders to use their r Mercado Pago balance to fund online betting accounts via the Neosurf wallet.

The integration, initially focused on the Mexican market, allows users to seamlessly transfer funds from their Mercado Pago wallet directly to participating sports betting operators via the Neosurf wallet.

The partnership marks a significant step forward in payment innovation for the Mexican online betting market, and combines Mercado Pago’s extensive digital wallet reach with Neosurf’s specialized gaming payments infrastructure and unique, player-focused wallet design.

Neosurf’s products are designed for sports betting and igaming, supporting rapid deposits and fast payouts. The new partnership reflects the continued growth in digital wallet adoption across Latin America, where customers are increasingly seeking flexible mobile-first experiences.

 

Sue Page, Neosurf CEO Americas, said: “Mexico represents a major growth market for both digital payments and online betting, and we’re incredibly excited to partner with Mercado Pago. This partnership creates a new, easy way for Mercado Pago wallet holders to use their balance to fund their online sports betting accounts through the Neosurf wallet. It reinforces our commitment to delivering secure, compliant and player focused payment solutions throughout Latin America.”

The post Innovative payment solutions provider teams up with leading LATAM fintech platform to expand digital wallet access for online betting customers in Mexico appeared first on Americas iGaming & Sports Betting News.

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