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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.

Andréia Oliveira Betsul’s Operations Director

Betsul and Vibra Solutions Debut Brazil’s First Native Betting App

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Vibra Solutions, the iGaming tech firm focused on regulated LatAm markets, has introduced Betsul’s new betting application — the first entirely native app of this type in Brazil.

Constructed from the ground up, the launch sets a new technological standard for the industry. Vibra Solutions has launched a solution tailored exclusively for mobile devices, positioning Betsul as the sole betting operator in the nation to provide a completely native app.

The launch moves the platform closer to its users and strengthens its dedication to a quicker, more cohesive, and safer experience. Accessible on the Play Store (Android) and the App Store (iOS), the app enhances user interaction channels and bolsters direct communication, providing features like easy login, immediate betting access, and special promotions.

“Throughout the entire development stage, our starting point was people. ‘What could truly make a difference in their day-to-day lives?’ ‘How can we make this experience lighter and more intuitive?’ These were some of the questions that guided us throughout the process. Launching a native app is the result of this listening and of our commitment to delivering an increasingly complete platform for those who bet with us,” highlights Andréia Oliveira, Betsul’s Operations Director.

Along with a contemporary and adaptable interface, the Betsul app provides login options through Face ID, Touch ID, or the device’s password, ensuring ease of use and enhanced security. Navigation has been enhanced to decrease loading durations, streamline deposits and withdrawals, and enable customers to swiftly locate their preferred sports, markets, and games. Through native push notifications, the platform can now update players in real time regarding betting chances, cashout availability, promotions, key results, and additional actions.

For Andréia, the launch represents more than just a new tool: it is a strategic step forward in the relationship with bettors. “The app places the customer in an environment that learns from them, understands their preferences, and offers shortcuts, recommendations, and a smoother journey. We want each person to feel that the care is in the details — from response speed to clarity of information and the comfort of betting where and when they want,” she concludes.

Werter Luna, CEO of Vibra Gaming, added: “Our relationship with Betsul is built on trust, long-term vision, and continuous innovation. The development of the native app is the result of this joint work and a shared conviction: putting the customer at the centre of the experience through solid technology that improves performance, drives acquisition, strengthens retention, and supports consistent growth of the player base.”

The post Betsul and Vibra Solutions Debut Brazil’s First Native Betting App appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Andréia Oliveira Betsul’s Operations Director

Betsul launches Brazil’s first native betting app in partnerships with Vibra Solutions

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Vibra Solutions, the iGaming technology company specialising in regulated LatAm markets, has launched Betsul’s new betting app — the first fully native app of its kind in Brazil.

Built from scratch, the launch marks a new technological benchmark for the sector. Vibra Solutions has introduced a solution designed specifically for mobile devices from the ground up, making Betsul the only betting operator in the country to offer a fully native app.

The launch brings the platform even closer to its player base and reinforces its commitment to a faster, more integrated, and more secure experience. Available on the Play Store (Android) and the App Store (iOS), the app expands interaction channels with users and strengthens direct communication, offering features such as simplified login, instant access to betting, and exclusive promotions.

“Throughout the entire development stage, our starting point was people. ‘What could truly make a difference in their day-to-day lives?’ ‘How can we make this experience lighter and more intuitive?’ These were some of the questions that guided us throughout the process. Launching a native app is the result of this listening and of our commitment to delivering an increasingly complete platform for those who bet with us,” highlights Andréia Oliveira, Betsul’s Operations Director.

In addition to a modern and responsive interface, the Betsul app offers login via Face ID, Touch ID, or the device’s own password, ensuring convenience and a greater sense of security. Navigation has been optimised to reduce loading times, simplify deposits and withdrawals, and allow customers to quickly find their favourite sports, markets, and games. With native push notifications, the platform can now inform players in real time about betting opportunities, cashout releases, promotions, important results, and other actions.

For Andréia, the launch represents more than just a new tool: it is a strategic step forward in the relationship with bettors. “The app places the customer in an environment that learns from them, understands their preferences, and offers shortcuts, recommendations, and a smoother journey. We want each person to feel that the care is in the details — from response speed to clarity of information and the comfort of betting where and when they want,” she concludes.

Werter Luna, CEO of Vibra Gaming, added: “Our relationship with Betsul is built on trust, long-term vision, and continuous innovation. The development of the native app is the result of this joint work and a shared conviction: putting the customer at the centre of the experience through solid technology that improves performance, drives acquisition, strengthens retention, and supports consistent growth of the player base.”

The post Betsul launches Brazil’s first native betting app in partnerships with Vibra Solutions appeared first on Americas iGaming & Sports Betting News.

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Kiron Interactive

Kiron Interactive appoints Ramiro Atucha as Board Advisor for LATAM expansion

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Kiron Interactive  has appointed Industry veteran Ramiro Atucha as a Board advisor to assist the virtual games provider with its expansion into the Latin American market.

Ramiro, who founded Leander Gaming and Vibra Gaming, has most recently established Atucha Strategic Advisory which advises technology and gaming businesses on regional growth, market development, and long term positioning.

In his role as Board Advisor, Ramiro brings his extensive experience working across Latam markets to support Kiron’s leadership team, by providing regional insight and guidance as the company continues to expand into Latin America.

Steven Spartinos, Co-CEO at Kiron Interactive, said: “Latin America is an important growth region for Kiron. Ramiro brings valuable regional perspective and experience, and we are pleased to welcome him as a senior advisor to our leadership team as we continue to build our presence across LATAM.”

Ramiro Atucha, Founder of Atucha Strategic Advisory, added: “Kiron has a strong global reputation and a clear long term vision. I am pleased to support the board and leadership team as they continue to explore and develop opportunities in Latin America.”

The post Kiron Interactive appoints Ramiro Atucha as Board Advisor for LATAM expansion appeared first on Americas iGaming & Sports Betting News.

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