Table Trac, Inc. develops and markets proprietary casino management and table game automation systems for the gaming industry. Its flagship Table Trac system automates and monitors the operation of casino table games in real time. The company also offers a Casino Management System that provides end to end functionality for guest rewards, loyalty marketing, promotions, administration, vault and cage management, and audit and accounting. Table Trac, Inc. sells and leases these…
Table Trac, Inc. develops and markets proprietary casino management and table game automation systems for the gaming industry. Its flagship Table Trac system automates and monitors the operation of casino table games in real time. The company also offers a Casino Management System that provides end to end functionality for guest rewards, loyalty marketing, promotions, administration, vault and cage management, and audit and accounting. Table Trac, Inc. sells and leases these systems and provides ongoing technical support to casino operators. The firm emphasizes continuous product improvement through research and development to meet evolving casino operator needs. The company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry.
Revenue is generated primarily through the sale and lease of its casino management and table game systems, accompanied by monthly license and maintenance contracts. The company designs and manufactures its own slot machine interface boards using third party electronics assembly firms. Its product portfolio includes the DataTrac, KioskTrac, KioskTrac Mobile, SlotSUITE and RePrintEnroll kiosk solutions. Ongoing support and maintenance agreements provide a recurring revenue stream from the installed base of over 115 casino operators operating in more than 300 casinos across the United States, Australia, the Caribbean and Central and South America. Table Trac, Inc. seeks to increase its market share by continually expanding its product offerings and adding new features to existing systems.
The company operates in a highly competitive market where many providers offer total solution casino management and table game systems in the United States and abroad. Table Trac, Inc. differentiates itself through its patented technology, open architecture that allows integration with most third party hardware and software, and its focus on meeting strict auditing, accounting and regulatory requirements. Its real time monitoring capabilities and secure, scalable platform provide a competitive advantage in delivering efficient and reliable casino operations. The firm also holds gaming licenses in multiple states including California, Iowa, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Nevada, West Virginia and Wisconsin, which supports its sales efforts in those jurisdictions. Additionally, the company’s commitment to ongoing innovation and its ability to adapt to regulatory changes help sustain its position within the industry.
Table Trac, Inc. serves a diverse base of casino operators that includes both tribal and commercial gaming establishments in the United States and selected international markets. The company does not disclose the specific names of its casino customers in its filings. Its installed base spans over 115 operators managing more than 300 casinos located in the United States, Australia, the Caribbean and Central and South America. The company’s presence extends to commercial casinos, tribal gaming venues and resort properties that require comprehensive management solutions. Ongoing service contracts ensure continued engagement with these clients after the initial sale or lease of the system.
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Sector: Consumer Cyclical Industry: Resorts & Casinos CIK: 0001090396