Connect with us

Latin America

Table Trac, Inc. Announces Year End Results for 2019

Published

on

 

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.

Conferences

Blokotech and Evoverse sign on as presenting sponsors for iGaming Real Talk at BiS SiGMA South America

Published

on

blokotech-and-evoverse-sign-on-as-presenting-sponsors-for-igaming-real-talk-at-bis-sigma-south-america

Blokotech and Evoverse have joined as presenting sponsors of iGaming Real Talk’s content series recorded live at BiS SiGMA South America in Brazil.

According to iGaming Real Talk, the Brazil edition follows its AIBC Eurasia Dubai coverage and focuses on the LatAm iGaming market “especially since the market was regulated.” The partnership covers the full series, which iGaming Real Talk said delivered 11 in-depth interviews and more than 30 short-form video clips filmed on the expo floor.

The series includes interviews with executives and founders, including Heathcliff Farrugia (SiGMA World), Miranda Guliashvili (SOFTSWISS) and Dominic Sawyer (TEQUITY), among others.

Surya Palli, Founder of iGaming Real Talk, said: “BiS SiGMA South America has quickly become a key meeting point for the LatAm iGaming ecosystem. Partnering with Blokotech and Evoverse allows us to scale the reach of these conversations and continue building a platform that showcases real insights from across the industry.”

iGaming Real Talk said the Brazil edition is part of its “Real Roadshow 2026” content plan and is positioned around the region’s post-regulation market evolution.

The post Blokotech and Evoverse sign on as presenting sponsors for iGaming Real Talk at BiS SiGMA South America appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Conferences

Blokotech and Evoverse sponsor iGaming Real Talk video series from BiS SiGMA South America

Published

on

blokotech-and-evoverse-sponsor-igaming-real-talk-video-series-from-bis-sigma-south-america

Blokotech and Evoverse have joined as Presenting Sponsors of iGaming Real Talk’s latest content series recorded live at BiS SiGMA South America in Brazil, the companies said.

According to iGaming Real Talk, the partnership covers the full series, which includes 11 long-form interviews and more than 30 short-form video clips filmed from the expo floor. The Brazil edition focused on the LatAm iGaming market, with iGaming Real Talk pointing to the region’s rapid evolution since regulation.

The company said the series includes interviews with senior executives and founders such as Heathcliff Farrugia (SiGMA World), Miranda Guliashvili (SOFTSWISS) and Dominic Sawyer (TEQUITY), among others.

Surya Palli, Founder of iGaming Real Talk, said: “BiS SiGMA South America has quickly become a key meeting point for the LatAm iGaming ecosystem. Partnering with Blokotech and Evoverse allows us to scale the reach of these conversations and continue building a platform that showcases real insights from across the industry.”

iGaming Real Talk said the Brazil edition is part of its Real Roadshow 2026 series, following a prior stop at AIBC Eurasia Dubai. As Presenting Sponsors, Blokotech and Evoverse will receive brand visibility across YouTube interviews, social video distribution, and iGaming Real Talk’s media and community channels.

The post Blokotech and Evoverse sponsor iGaming Real Talk video series from BiS SiGMA South America appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Bruno Gonçalves

LBPay Joins IBIA Payment Provider Forum to Strengthen Efforts Against Illegal Betting in Brazil

Published

on

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.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania