Latin America
Table Trac, Inc. Announces Year End Results for 2019
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.
BGaming
BGaming pens Brazilian multi-brand agreement with Cometa Gaming
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Popular iGaming content provider BGaming has solidified its market position in Brazil by securing an aggregation deal with Cometa Gaming.
Cometa Gaming is an online casino and sportsbook aggregator with several brands in Brazilian market, all in the regulatory process. The group handpicks the best slot studios in the industry to meet the high standards of its passionate players.
BGaming has initially launched its entire portfolio with Cometa Gamingâs iGaming and sports betting brand Br4bet, including popular titles such as Fruit Million, Burning Chilli X and Space XY. The provider will continue to roll out its games across several of the platformâs other brands over the coming months.
This latest partnership demonstrates BGamingâs growing demand in LatAm ahead of the Brazilâs regulated market launching in January, where it remains committed to delivering a safe, fair and entertaining experience for players.
Gian Carlo Ferrini, Sales Manager at BGaming, said: âPartnering with Cometa Gaming is a major move for BGaming, enabling us to broaden the reach of our award-winning content to LatAm players across its multiple brands. So far, we have enjoyed early success with Br4bet and look forward to launching with Cometa Gamingâs other casino sites in the future.â
Thomaz Campos, COO at Cometa Gaming, said: âBGaming continues to break new ground in Brazil and we are delighted to have them live on Br4bet. Their games will help us achieve our goal of delivering the most appealing and forward-thinking content to players, as we both work towards a shared commitment to excellence.â
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BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,600+ online casinos worldwide. BGaming is the worldâs first to support cryptocurrencies and offer Provably Fair games. Today the brandâs portfolio includes 150+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.
Cassiano Pereira Junior
GLI Becomes First Laboratory to be Accredited in MaranhĂŁo, Brazil
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Gaming Laboratories International (GLI) has become the first laboratory to achieve accreditation in MaranhĂŁo, Brazil. The accreditation allows GLI to perform tests and certification for the gambling and lottery industry interested in working with lottery and fixed-odds betting operators in the state of MaranhĂŁo.
The milestone is the latest in a series of regulatory achievements for GLI in Brazil. Lottery of the State of MaranhĂŁo is the third jurisdiction in Brazil to accredit laboratories, and GLI is accredited in all and the first to be authorized in all.
Cassiano Pereira Junior, president of MaranhĂŁo Parcerias (Mapa), highlighted the importance of the partnership between the MaranhĂŁo State Lottery (Lotema) and GLI. âEvery day we strive to make Lotema even better, providing greater security for its users. The partnership with GLI is a concrete way of achieving this goal, as its certification laboratories play an important role for the gaming and lottery industry, guaranteeing the conformity, security, and integrity of the products and systems used by Lotema,â Cassiano explained.
âWe are grateful to the Lottery of the State of MaranhĂŁo for granting GLI the laboratory accreditation, becoming the first to be authorized in MaranhĂŁo. It is extremely gratifying to see how Lotema empower themselves by trusting the technical compliance process to provide transparency, integrity, and accountability to all the industry stakeholders through the certification process. The laboratory accreditation is the first step for a successful implementation of the certification based on jurisdictional standards, and the reason why we at GLI take this step very seriously and with great priority every time a new jurisdiction opens. We feel responsible for being part of the solution towards a fast and efficient implementation of regulations, thus supporting further local industry development and sustainable growth. We are grateful to Lotema and excited to be part of its thriving industry,â said Karen Sierra-Hughes, Vice President of Latin America, Caribbean, and Spain.
GLI has been working with regulators, lotteries, and industry stakeholders across the Latin American and Caribbean region for more than 26 years in their efforts toward regulation, sustainable growth, and eradicating illegal gaming. In Brazil, GLI has been side by side with government entities and all industry stakeholders for nearly 20 years, participating in public hearings in the Senate, Chamber of Deputies, and State government level, and in recent years, adding strategic local representation to strengthen their local support.
Condor Link
IGT Delivers Wide-Area Progressive Content to Colombia with Condor Link Game
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International Game Technology PLC has announced that it has launched its first wide-area progressive (WAP) compatible game in Colombia with the all-new Condor Link. Players across the country now have the opportunity to spin for large-scale WAP jackpots at nine properties operated by Winner Group Cirsa, one of Colombiaâs largest gaming operators.
Delivering a highly engaging entertainment experience to the gaming floor, IGTâs Condor Link game features four jackpot levels and a reset value of 75,000,000 Colombian Pesos (COP). Condor Link features two compelling base games, EdiciĂłn Guerrero and EdiciĂłn Guerrera, and is available on IGTâs versatile PeakSlant32 cabinet, featuring three high-definition displays and a large dynamic player panel.
âDeploying our first WAP-compatible game in Colombia reflects IGTâs commitment to differentiating our roadmap for Latin America and providing our customers with new market-attuned themes and jackpot solutions that can help operators diversify their gaming floors. We are excited to partner with Winner Group Cirsa to introduce Condor Link and bring the excitement of IGTâs compelling jackpot content to players throughout the country,â said David Flinn, IGT SVP Sales, Canada, EMEA, and LATAM.
IGTâs Condor Link is a 50-payline, 50-credit cost-to-cover game featuring vibrant warrior-inspired graphics and integrates popular gameplay features and mechanics like free games, stacked wilds, and an entertaining hold and spin bonus. Condor Link will be available at nine Winner Group Cirsa properties in cities across Colombia, including Armenia, Barranquilla, BogotĂĄ, Cali, and MedellĂn, and joins IGTâs portfolio of high-performing multi-level progressive themes like the award-winning Prosperity Link, Mystery of the Lamp, and Magic Treasures games.
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