Initial Implementation Highlights Significant Increases in
Carded Play, Revenue, and Floor Performance
Table Trac, Inc. (OTCQX: TBTC), a developer and provider of
casino information and management systems, along with TransAct
Technologies Incorporated (Nasdaq: TACT) (“TransAct”), a global
leader in software-driven technology and printing solutions, today
shared the results from the first six months of the SlotSUITE
deployment. This floor-wide, single-wire printing solution,
announced in December 2023, was recently implemented in a large
regional casino in the American Southwest.
SlotSUITE was developed through a partnership between CasinoTrac
and TransAct Technologies. It integrates TransAct’s Epicentral SE
with PromoTrac, CasinoTrac’s unified promotions administration and
management system, using a single-wire solution that works on
existing CasinoTrac gaming floor networks. This integration
eliminates the need for additional network wiring and peripherals,
making it a practical option for casinos looking to streamline
operations and enhance player engagement. TransAct’s Epicentral SE
solution allows SlotSUITE to print promotions live at the slot
machine during play.
Deployment Results
The SlotSUITE system was installed across more than 2,500 games
and compared against data from the previous twelve months. The
results from this initial deployment indicate significant
improvements in several key performance areas:
- Carded/Rated Play: An increase of 58.6% was observed,
with average rated play rising from 17% to 29% over the six-month
period.
- Rated Coin-In: There was a 21% increase in rated coin-in
on the games upgraded with SlotSUITE.
- Overall Coin-In: A 3% increase in coin-in and related
win was seen across the entire floor, including games still needing
to be upgraded.
- Rated WPU Increase: Rated WPU increased by 39% among
games enhanced with SlotSUITE.
- Overall WPU: A significant 8% increase in WPU was
recorded across the entire gaming floor, even in games not yet
upgraded to SlotSUITE.
Chad Hoehne, President of Table Trac, commented, “The SlotSUITE
deployment has confirmed our expectations of a solution that is not
only simple to deploy but also effective in improving operational
efficiency and guest experience. The results show a clear impact on
profitability and player engagement.”
John Dillon, CEO of TransAct, added, “The data from this
deployment reinforces the value of SlotSUITE as a solution that can
simplify casino operations while delivering measurable financial
benefits. We’re pleased with the early success and look forward to
further implementations.”
As SlotSUITE continues to be deployed in other locations, both
CasinoTrac and TransAct are optimistic about its potential to
support casino operators in improving their overall floor
performance and enhancing the player experience.
About Table Trac, Inc. Founded in 1995, Table Trac, Inc.
designs, develops and sells CasinoTrac CMS, a casino management
system, and complementary operations, analytical software for
gaming and hospitality operators. CasinoTrac is operational in more
than 300 casinos across 13 countries including the United States,
Central and South America, the Caribbean, and Australia. More
information is available at https://www.CasinoTrac.com/.
About TransAct Technologies Incorporated TransAct
Technologies Incorporated is a global leader in developing and
selling software-driven technology and printing solutions for
high-growth markets including food service, casino and gaming, and
POS automation. The Company’s solutions are designed from the
ground up based on customer requirements and are sold under the
BOHA!®, AccuDate®, EPICENTRAL®, Epic and Ithaca® brands. TransAct
has sold over 3.9 million printers, terminals and other hardware
devices around the world and is committed to providing world-class
service, spare parts, and accessories to support its installed
product base. Through the TransAct Services Group, the Company also
provides customers with a complete range of supplies and consumable
items both online at http://www.transactsupplies.com and through
its direct sales team. TransAct is headquartered in Hamden, CT. For
more information, please visit http://www.transact-tech.com or call
(203) 859-6800.
©2024 TRANSACT Technologies Incorporated. All rights reserved.
TransAct®, BOHA!®, AccuDate®, Epic Edge®, EPICENTRAL® and Ithaca®
are trademarks of TransAct Technologies Incorporated.
Forward-Looking Statements Certain statements included in
this press release may be forward-looking statements within the
meaning of the U.S. federal securities laws, including the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are any statements other than statements of historical
fact. Forward-looking statements represent current views about
possible future events and are often identified by the use of
forward-looking terminology, such as "may", "will", "could",
"expect", "intend", "estimate", "anticipate", "believe", "project”,
"plan”, "predict”, "design" or "continue", or the negative thereof,
or other similar words. Forward-looking statements are subject to
certain risks, uncertainties and assumptions. In the event that one
or more of such risks or uncertainties materialize, or one or more
underlying assumptions prove incorrect, actual results may differ
materially from those expressed or implied by the forward-looking
statements. Important factors and uncertainties that could cause
actual results to differ materially from those expressed or implied
by the forward-looking statements include, but are not limited to,
the following: the adverse effects of current economic conditions
on our business, operations, financial condition, results of
operations and capital resources, difficulties or delays in
manufacturing or delivery of inventory or other supply chain
disruptions, inflation and the Russia/Ukraine and Middle East
conflicts, an inability of our customers to make payments on time
or at all, diversion of management attention, a possible future
reduction in the value of goodwill or other intangible assets,
inadequate manufacturing capacity or a shortfall or excess of
inventory as a result of difficulty in predicting manufacturing
requirements due to volatile economic conditions, price increases
or decreased availability of component parts or raw materials,
exchange rate fluctuations, volatility of and decreases in trading
prices of our common stock and the availability of needed financing
on acceptable terms or at all; our ability to successfully develop
new products that garner customer acceptance and generate sales,
both domestically and internationally, in the face of substantial
competition; our reliance on an unrelated third party to develop,
maintain and host certain web-based food service application
software and develop and maintain selected components of our
downloadable software applications pursuant to a non-exclusive
license agreement, and the risk that interruptions in our
relationship with that third party could materially impair our
ability to provide services to our food service technology
customers on a timely basis or at all and could require substantial
expenditures to find or develop alternative software products; our
ability to successfully grow our business in the food service
technology market; risks associated with the pursuit of strategic
initiatives and business growth; general economic conditions; our
dependence on contract manufacturers for the assembly of a large
portion of our products in Asia; our dependence on significant
suppliers; our ability to recruit and retain quality employees; our
dependence on third parties for sales outside the United States;
marketplace acceptance of new products; risks associated with
foreign operations; the availability of third-party components at
reasonable prices; price wars, supply chain disruptions or other
significant pricing pressures affecting the Company’s products in
the United States or abroad; increased product costs or reduced
customer demand for our products due to changes in U.S. policy that
may result in trade wars or tariffs; our ability to protect
intellectual property; and other risk factors identified and
discussed in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2023, and other reports filed with the
Securities and Exchange Commission. We caution readers not to place
undue reliance on forward-looking statements, which speak only as
of the date of this release. We undertake no obligation to publicly
or otherwise revise any forward-looking statements, whether as a
result of new information, future events or other factors, except
where we are expressly required to do so by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240828049848/en/
For Table Trac, Inc:
Investor Relations Contact: Randy Gilbert
Randy.gilbert@casinotrac.com
Media and Sales Contact: Jeff Baldi
Jeff.baldi@casinotrac.com
For TransAct Technologies, Inc:
Investor Relations Contact: Ryan Gardella
Ryan.Gardella@icrinc.com
Sales Contact: John Dillon, CEO jdillon@transact-tech.com
TransAct Technologies (NASDAQ:TACT)
Historical Stock Chart
From Oct 2024 to Nov 2024
TransAct Technologies (NASDAQ:TACT)
Historical Stock Chart
From Nov 2023 to Nov 2024
