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.
Bruno Gonçalves
LBPay Joins IBIA Payment Provider Forum to Strengthen Efforts Against Illegal Betting in Brazil
LBPay, a licensed payment institution, has joined the International Betting Integrity Association’s (IBIA) Payment Provider Forum in Brazil, strengthening cross-sector efforts to combat illegal betting and reinforce financial and sporting integrity within the country’s regulated market.
IBIA’s Payment Provider Forum brings together payment platforms and industry stakeholders to address shared threats, disrupt illegal betting flows and strengthen safeguards across the payment chain in Brazil. As part of the Forum, LBPay will contribute operational expertise and financial intelligence to support coordinated action against unlicensed betting activity.
LBPay’s participation comes at a time of increased regulatory focus on financial controls within Brazil’s betting market, where payment providers are prohibited from processing transactions for unauthorised operators. Through the Forum, members work collaboratively to close vulnerabilities, share knowledge and implement practical safeguards to protect consumers and the integrity of both the financial systems and sports betting markets.
Bruno Gonçalves, Commercial Director of LBPay, said: “Joining the IBIA Payment Provider Forum reflects our commitment to maintaining the highest standards of compliance and financial integrity. We recognise the importance of collaboration across the payments and betting ecosystem to prevent misuse and ensure that Brazil’s regulated market remains secure, transparent and resilient.”
Khalid Ali, CEO of IBIA, said: “We are pleased to welcome LBPay to the Payment Provider Forum. Payment providers are a critical line of defence in protecting the integrity of sports betting, particularly in markets like Brazil where financial transactions can be used to support illegal operators. By working together through the Forum, we can better detect and disrupt illicit payment flows, strengthen oversight of the regulated market and support wider efforts to safeguard sport from betting-related corruption.”
The Forum recently published a Best Practice Guide for payment providers in Brazil, setting out practical measures such as continuous licence verification, risk-based transaction monitoring and structured blocking and reporting protocols to combat illegal betting and associated financial crime. The guide underlines the importance of coordinated action across stakeholders to protect the regulated market and strengthen financial oversight.
The post LBPay Joins IBIA Payment Provider Forum to Strengthen Efforts Against Illegal Betting in Brazil appeared first on Americas iGaming & Sports Betting News.
Bally’s Intralot S.A
Bally’s Intralot Awarded New Lottery Contract in Chile by Polla Chilena de Beneficencia
Bally’s Intralot S.A. has announced the signing of a new contract with Polla Chilena de Beneficencia S.A., the State Lottery of Chile, to deploy its industry-leading lottery, sports betting and digital technology solutions. Following a competitive procurement, Bally’s Intralot was awarded a contract of up to 12 years, which consists of a 10-year base contract term, followed by one extension option of up to 2 years.
Under the terms of the agreement, Bally’s Intralot will overhaul Polla Chilena’s lottery and sports‑betting offerings across retail and digital channels by seamlessly migrating to its LotosX Omni ecosystem. Specifically, Bally’s Intralot will deploy its turnkey LotosX Lottery Solution including the LotosX Central Gaming System, PlayerX Player Account Management System, RetailerX Retailer Management System, alongside its Orion Sports Betting Platform. Lottery retailers across Chile will be equipped with 2.500 next‑generation camera-based gaming terminals, while Polla Chilena’s website and mobile applications will be fully revamped.
Through this partnership, Bally’s Intralot will support Polla Chilena in delivering a fully integrated omnichannel strategy, enabling seamless player engagement across retail and digital environments. The implementation is expected to significantly enhance the overall customer experience while also improving operational efficiency, productivity, and long‑term scalability.
Demián Arancibia Zeballos, General Manager of Polla Chilena de Beneficencia, said: “This agreement marks a significant milestone in Polla’s modernization process, enabling us to make a leap forward in technology, user experience, and operational efficiency. Through this partnership, we aim to consolidate a gaming offering that is secure, modern, and aligned with our customers’ evolving expectations, while at the same time safeguarding our social role.”
“Polla Chilena de Beneficencia is a valued long-standing partner and we are honored to renew and strengthen our collaboration. This agreement reflects the trust placed in our technology, our people, and our long‑term commitment to supporting regulated lottery operators. Working closely with Polla Chilena, we aim to deliver a modern, secure, and scalable gaming ecosystem that enables sustainable growth, innovation, and responsible operation of gaming services, supporting the Lottery’s ongoing contribution to Chilean society,” said Robeson Reeves, CEO of the Bally’s Intralot Group.
The post Bally’s Intralot Awarded New Lottery Contract in Chile by Polla Chilena de Beneficencia appeared first on Americas iGaming & Sports Betting News.
Brazil
Incentive Studios launches three real-money games with Novibet in Brazil
Incentive Games, via its real-money gaming division Incentive Studios, has launched three real-money titles with Novibet in Brazil. The games—Mega Flight, Kicker and Velocity—went live on Novibet’s platform on 8 April.
The launch expands the companies’ existing partnership and adds crash and arcade-style content to Novibet’s Brazil-facing offering, as the operator continues to build its footprint in Latin America.
Ahmed Baker, Chief Commercial Officer at Incentive Games, said of the partnership, “Novibet is an operator with a clear focus on delivering high-quality digital gaming experiences across regulated markets. We’re incredibly proud to see three of our real-money games go live in Brazil, and even more so to have worked so closely with their incredible team to make the launch a success. Brazil is an important market for us, and this is a great step forward in our continued growth across the region.”
Nick Bachas, Chief Strategic Partnerships & Project Officer at Novibet said, “Incentive Games brings a fresh and engaging approach to real-money gaming, and the addition of these titles enhances our offering with dynamic content that appeals to a broad range of players. Brazil continues to be a key focus for us, and this launch is another step in expanding Novibet’s portfolio with innovative experiences.”
The post Incentive Studios launches three real-money games with Novibet in Brazil appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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