Connect with us

Canada

Table Trac, Inc. Reports Record Year End Results for 2022

Published

on

 

Table Trac, Inc., a developer and provider of casino information and management systems that automate and monitor the operations of casinos announced financial results for the year ended December 31, 2022.

Year End Highlights

  • Record $11 Million of Total Revenue, an increase of 58%.
  • Record $2.18 Million of Income Before Taxes.
  • Table Trac was recognized with a 2023 OTCQX Best 50 award which is given to the top 50 companies from the over 500 OTCQX listed companies for their performance during the 2022 calendar year.  The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market. Table Trac ranked number 25.
  • The CasinoTrac system was installed in sixteen locations during 2022. At the end of 2022, 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 280 casinos worldwide.

Year-to-Date Financial Results

Overall revenues increased to $11,056,587 in 2022 from $6,966,683, reflecting a 103% increase in system sales and a 10% increase in other sales. Recurring revenue rose 12% and represented 31.7% of total revenues.

Income from operations for 2022 was $2,019,951 compared to $1,508,947 for 2021, a 34% increase.

Management Commentary

Table Trac, Inc CFO Randy Gilbert commented: 2022 was a very strong year for Table Trac. We ended the year having installed sixteen new systems, expanding one of our current customers and we currently have eight projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2023. System sales increased over 103% compared to 2022. Other sales, which included DataTrac and kiosk related products grew 92% compared to 2021 and accounted for almost 10% of our total revenue in 2022.

“I wish to express my gratitude to the great group of Table Trac Inc employees, who’s focus and dedication made this a record year for Table Trac Inc.” said Chad Hoehne, President & CEO. “It is your attention to customer service, quality product design and responsiveness to customer needs that makes me optimistic about Table Trac Inc’s continued success into the future.”

Continue Reading
Advertisement

Canada

Maverick Games Launches Sports Betting Operations in Ontario

Published

on

maverick-games-launches-sports-betting-operations-in-ontario

 

Maverick Games has launched sports betting operations in Ontario, through a partnership with Delasport.

Maverick Games will offer Ontarian players a premium sports betting experience, built on Delasport’s superior technology and known for its unique innovative features that players love including personalization, recommendations, gamification, quick bets, player engagement features, and more.

Maverick Games is the second brand to launch on Delasport’s technology in Ontario, with another full turnkey brand set to go live soon. Delasport also recently unveiled its innovative sports betting jackpot network game, SuperPot. The company will showcase this unique product at the Canadian Gaming Summit next month and begin rolling it out to Ontarian operators shortly thereafter.

“We are proud to see Maverick Games live and thriving with our one of a kind sportsbook solution at its core. They have been a fantastic partner from the start, and this launch further demonstrates how fast and efficient our technology is when paired with a clear vision and strong collaboration,” said Rosaire Galea Cavallaro, VP of Business Development at Delasport.

“Maverick Games’s sports vertical is a major step forward for us and launching it with Delasport has been the right move from day one. The platform’s performance and flexibility allow us to deliver the kind of user experience we believe Ontario players deserve. We’re excited to now bring that vision to life,” CEO Matt Rathbun said.

The post Maverick Games Launches Sports Betting Operations in Ontario appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Canada

Tsleil-Waututh Nation Signs MoU to Acquire Casino Business at Hastings Racecourse & Casino

Published

on

tsleil-waututh-nation-signs-mou-to-acquire-casino-business-at-hastings-racecourse-&-casino

 

Tsleil-Waututh Nation (TWN) announced that it has signed a Memorandum of Understanding to acquire the casino business and related real property interests at Hastings Racecourse & Casino (Hastings) in the City of Vancouver from Great Canadian Gaming Corporation (Great Canadian Entertainment).

“We are thrilled to take another important step towards economic self-determination for our Nation in our traditional territory, and we are eager to work with the senior management team at Great Canadian Entertainment to finalize due diligence and execute a definitive agreement, as well as working with the City of Vancouver to ensure the best long-term use of this important asset within the City. We believe that this opportunity is historic for us in many ways, and we look forward to entering the gaming industry in due course,” said Jen Thomas, Chief of the Tsleil-Waututh Nation.

“We are excited about working with TWN on their potential acquisition of the casino operations and related real property interests at Hastings Racecourse & Casino. Recognizing that Hastings is part of the TWN’s traditional territory, we can think of no better entity to inherit this asset, and we look forward to supporting them in the transition after the anticipated close of the sale,” Matt Anfinson, Chief Executive Officer of Great Canadian Entertainment.

The agreement is subject to further due diligence, finalization of financial terms and the execution of a definitive purchase and sale agreement. Once a definitive agreement has been executed by the parties, it is anticipated that the transaction will be subject to customary closing conditions as well as customary approvals by gaming regulatory and other authorities, including certain approvals by the City of Vancouver given its ownership of the real property. It is expected that Great Canadian Entertainment will provide transition services to TWN for a period of time following the anticipated closing.

The post Tsleil-Waututh Nation Signs MoU to Acquire Casino Business at Hastings Racecourse & Casino appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Ben Clemes

High Roller Submits Gaming License Application in Ontario

Published

on

high-roller-submits-gaming-license-application-in-ontario

 

High Roller Technologies, operator of the premium online casino brands High Roller and Fruta, announced the submission of its Internet Gaming Operator license application in Ontario, Canada, targeting the launch of its flagship brand HighRoller.com in the second half of 2025.

“The submission of our licensing application to access Ontario’s regulated online gambling market is an important milestone in our Company’s journey. Once our application is approved, we anticipate that we will have the opportunity to launch our online casino product into the market later this year,” said Ben Clemes, Chief Executive Officer at High Roller.

Ontario is one of the largest regulated online gambling markets in the world as measured by gross gaming revenue. In 2024, regulated online gambling operators within the province generated approximately $2.3B in gross gaming revenue, and growth continues to be recorded in the first half of 2025. Recently, the province of Alberta passed enabling legislation to establish a regulatory framework for online gambling. Once available, the Company also intends to pursue licensure in Alberta to expand its regulated market footprint in Canada.

“Ontario is missing an elegant brand like High Roller. We’re excited to roll out the red carpet for our new customers, and we’re looking forward to showcasing our tremendous product,” said Clemes.

The post High Roller Submits Gaming License Application in Ontario appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Trending