Table Trac Inc. announced a new agreement to replace a competitor’s system with the CasinoTrac casino management system at Sac & Fox Casino in Powhattan, KS.

Eric Wright, General Manager of Sac & Fox Casino, stated: “CasinoTrac has come a long way since I first worked with the system. It should easily accomplish what we need at our property.”

Chad Hoehne, President of Table Trac, stated: “Eric and his team really put us to the test, drilling deep into the CasinoTrac revenue audit and accounting functions for compliance with their audit standards. These exercises were diligent and necessary in earning their trust, business, and our 41st Native American tribal partnership.”

Sac & Fox Casino will deploy PlayerLINQ-CasinoTrac’s 6.2” touchscreen player tracking interface, CTLoyalty for all patron marketing, promotions, and bonusing administration and management, KioskTrac promotional games with account management, and slot accounting solutions.

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Table Trac Inc., a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced its financial results for the year ended December 31, 2023.

Year End Highlights

• Record $7 Million in Gross Profit.
• Gross Margin percentage exceeds 74%.
• Record reoccurring revenue of $4.9 Million, a 42% increase over the prior year.
• Table Trac declared and paid three quarterly dividends of $0.01/share.
• The CasinoTrac system was installed in thirteen locations during 2023. At the end of 2023, the Company had casino management systems, table games management systems and ancillary products installed with 110 casino operators in over 300 casinos worldwide.
• Table Trac established an office/showroom in Las Vegas.

Year-to-Date Financial Results

• Earnings per share remained strong at $0.35/share – diluted, which was consistent with 2022.
• Recurring revenue accounted for 52.6% of total revenues.
• Net Income for 2023 was $1,675,717 compared to $1,624,453 for 2022.

Management Commentary

Table Trac CFO Randy Gilbert said: “2023 was another very strong year for Table Trac. We ended the year having installed thirteen new systems, expanding one of our current customers and we currently have four projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2024. Our reoccurring revenue continues to increase. Other sales, which included DataTrac and kiosk related products increased over 9% compared to 2022 and accounted for over 12% of our total revenue in 2023.”

Chad Hoehne, President & CEO of Table Trac, said: “Once again, Table Trac Inc. continues to add product offerings while expanding our customer base. The result is building more ways we can sustain and deliver shareholder value and per share earnings.”

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Table Trac Inc. has completed a “First of its Kind” integration project with TransAct Technologies, to become the industry’s first CMS to provide a single-wire, On-Demand Printing solution, eliminating the hassle of redundant networking gear or infrastructure.

In this new environment, casino operators can deploy PromoTrac OnDemand, with Epicentral, thru CasinoTrac’s 6.2 CT VSMIB player tracking interface, with Epic Edge and/or Epic 950 printers. In addition to and leveraging the cutting-edge features of the Epicentral platform, CasinoTrac SelfPay keeps players playing, by handling accumulated credit payouts, jackpots and even taxable w2G events, in less than 60 seconds.

“CasinoTrac system owners know they can integrate with great features like TransAct’s Epicentral using their integration-friendly, API-driven CasinoTrac CMS. We were excited to work with TransAct’s great team to innovate the one wire solution, combining CasinoTrac’s powerful in-game hardware platform with TransAct’s Epicentral SE designer and print server to deliver high resolution graphic promotional coupons, pre-filled drawing entries, and more to the guest, right at their game,” Chad Hoehne, President of Table Trac, said.

“This solution provides a ton of functionality and flexibility, is simple, lightweight to deploy and generates tremendous cost savings by eliminating additional in-game hardware and multiple networks,” Chad Hoehne added.

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“We are proud to partner with Chad and CasinoTrac on the groundbreaking integration. The need for redundant networking within a casino’s operations in order to utilize Epicentral has long been a barrier for new customers, and I am happy to announce that this partnership solves that logistical challenge for CasinoTrac’s considerable install base. We believe this will open the door to additional white space for both our Epicentral and casino printer products across a number of markets and builds a strong connection between CasinoTrac and TransAct going forward,” John Dillon, CEO of TransAct, said.