Connect with us
SoftSwiss
Playson

Gambling in the USA

Table Trac Announces First Quarter 2019 Results

Published

on

Table Trac, Inc. Announces Year End Results for 2019
Reading Time: 2 minutes

 

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 quarter ending March 31, 2019.

The 10-Q can be found @ http://www.sec.gov

First Quarter Highlights

  • The Company’s reseller in Australia began installing systems.
  • The Company delivered three systems during the quarter.
  • The Company had three new customer contracts in backlog as of March 31, 2019 that are scheduled for delivery in the second quarter of 2019.

First Quarter Financial Results

Revenues increased from $1,081,268 in 2018 to $1,368,630 in 2019.

Ongoing maintenance revenue increased from $627,018 in 2018 to $672,569 in 2019, a 7.3% increase of approximately $46,000 due to an increasing number of maintenance customers.

The gross margin for the first quarter of 2019 was $1,115,165 compared with $777,573 in 2018, a 43.4% increase of $337,592 due to our Australian reseller installing eight new systems.

The net income for 2019 was $7,955 compared to net loss of $179,836 for 2018.

The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended March 31, 2019 and 2018:





For the Three Months Ended

March 31,







2019



2018

Basic and diluted earnings per share calculation:









Net income (loss) to common stockholders

$

7,955

$

(179,836)

Weighted average number of common shares outstanding – basic



4,496,494



4,486,559

Basic net income (loss) per share

$

0.00

$

(0.04)

Weighted average number of common shares outstanding – diluted



4,504,503



4,486,559

Diluted net income (loss) per share

$

0.00

$

(0.04)

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/.

Forward Looking Statements

This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.

 

Source: Table Trac, Inc.

Advertisement Kasynos.Online

Gambling in the USA

Gaming Americas Weekly Roundup – July 12-18

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

International Game Technology PLC (IGT) has announced that the Company is expanding its U.S. sports betting footprint to Washington to power sports betting at Snoqualmie Casino in Snoqualmie. As part of this agreement, IGT will deliver its proven PlaySports turnkey solution, including its trading advisory services, for retail and on-premise mobile sports betting.

Aristocrat Gaming has broken ground on a new operations centre facility in Tulsa. The new Tulsa Operations Centre will offer a consolidated campus for the 300 employees of VGT Class II Innovations by Aristocrat Gaming and will house light manufacturing, a warehouse and office space.

Set to celebrate 40 iconic years on the world-famous Atlantic City Boardwalk this fall, Tropicana Atlantic City has launched an exciting series of dining and entertainment options for the guests to experience this summer. Whether it is hitting the dance floor at the Boogie Nights, watching New Jersey’s premier fireworks on the Boardwalk, lounging by the beach, catching a headliner perform in the Tropicana Showroom, or having a delicious meal al fresco at one of seven of the City’s top casual and fine dining restaurants, guests can customise their itinerary to make it their ideal stay.

Las Vegas Sands has announced an effort that will see the company become a strategic investor in digital gaming technologies focused primarily on the business-to-business space. As part of this effort, the company is building a digital gaming investment team, which will be led by Davis Catlin. Catlin is joining Sands after fourteen years with a leading investment firm. For the last decade, Mr. Catlin led that firm’s investments in both public and private companies in digital gaming.

Allied Esports Entertainment has completed the sale of World Poker Tour to Element Partners. The transaction was approved at a special meeting of the Company’s stockholders. As previously announced, the purchase price of the transaction totaled $105 million and included 100% of the outstanding capital stock of each of the legal entities that collectively operated or engaged in the Company’s poker-related business and assets.

JCM Global (JCM) is going to unveil new technologies designed to enhance the guest experience, increase efficiencies and boost security across the casino floor and count room, at the 2021 Indian Gaming Tradeshow & Convention.

Partnerships

National Basketball Association (NBA) team Boston Celtics has partnered with blockchain provider Socios.com. Socios.com will have a digital presence on Celtics.com and serve as the presenting partner of the team’s website, placing it at the forefront of the Celtics’ primary hub for relevant news, updates, video highlights and information pertaining to the franchise.

DraftKings has announced a strategic sportsbook expansion and an extension of its existing Daily Fantasy Sports and sports betting partnership with Major League Baseball (MLB) to now include expanded promotional rights and content inclusive of the sports betting category. Among the key components of the expanded relationship are rights to an innovative “Bet & Watch” streaming integration where fans with open and active MLB.com and DraftKings accounts will be able to watch a free, live MLB game within the DraftKings app.

Continue Reading

Gambling in the USA

Gaming Americas Weekly Roundup – July 5-11

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new appointments and new partnerships. Read on and get updated.

Latest News

The Pokagon Band of Potawatomi Indians has installed Evolv Technology weapons detection systems at all four of its Four Winds Casinos.

International Game Technology PLC (IGT) has announced that the Company will power sports betting at Coushatta Casino Resort in Kinder, Louisiana. As part of this agreement, IGT will deliver its proven PlaySports turnkey solution, including its trading advisory services.

Caleta is celebrating the newest launch of its new video bingo titled Halloween Bingo. Halloween Bingo is developed in partnership with RCT Gaming.

FBM Gaming has confirmed that it will install 300 Galaxy II cabinets in different facilities of the Caliente Group in the coming months.

Z Capital Partners, the private equity arm of Z Capital Group, has announced the completion of the merger of its affiliated portfolio companies Affinity Gaming (Affinity) and Sports Information Group (SIG), creating Affinity Interactive.

Elys Game Technology has entered into a deal to acquire Bookmakers Company, the Nevada-based sports betting services provider trading as US Bookmaking (USB).

The Ontario Government has launched iGaming Ontario, a new subsidiary of Ontario Alcohol Games Commission to create a safe, regulated and competitive online game market.

Partnerships

NASCAR has entered into a content marketing agreement with BettorView, an in-venue sports betting marketing and technology platform. The partnership marks BettorView’s first with a professional sports league.

International Game Technology (IGT) has entered a new deal with the Western Canada Lottery Corporation (WCLC) to provide 700 CrystalDual 27 video lottery terminals (VLTs).

FanDuel Group and Mohegan Gaming & Entertainment (MGE) have announced plans to bring America’s #1 Sportsbook to the state of Connecticut.

New Appointment

Team 33, an eSports team based out of Los Angeles, has appointed Luis “Rodz” Rodriguez (33 Rodz) as its President. Before joining Team 33, Luis was working on creating one of the best LATAM teams at TWSTD.

Compliance Updates

Wisconsin Governor Tony Evers and the Oneida Nation signed an agreement allowing sports betting and other event wagering at the tribes’ casinos and associated locations.

Genius Sports Limited, the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, has secured a permanent sports wagering license from the West Virginia Lottery Commission.

Yahoo has stopped conducting paid fantasy sports contests in the Connecticut fantasy sports marketplace in response to the state’s new law that requires any sports gambling or fantasy sports operator to first reach a cooperative agreement with either the state lottery or one of its two sanctioned tribes.

Two US Congressmen have proposed a bill that essentially introduces online tribal gaming in the US. Any wager placed on a site with a server located on tribal lands would be considered to be betting on tribal lands – something already legal across many US states.

Continue Reading

Gambling in the USA

Gaming Americas Weekly Roundup – June 28-July 4

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Sportradar has announced the launch of emBET, an industry-first product that integrates live betting content into OTT streaming in real-time. Sportradar created emBET in partnership with leading technology company LiveLike.

Horseshoe Hammond Casino will remain under current ownership after a ruling from the Indiana Gaming Commission. The commission amended its order requiring Las Vegas-based parent Caesars Entertainment to divest the casino as part of its 2020 merger with Eldorado Resorts.

Gambling.com Group Limited has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Gaming Realms has launched its Slingo Originals content in Michigan with BetMGM. Under the terms of the direct integration agreement between BetMGM and the Company, BetMGM has launched with an initial three Slingo games, with more games scheduled to follow shortly.

Scientific Games Corporation has announced that the Company, with the support of its Board of Directors, including Executive Chair Jamie Odell and Executive Vice Chair Toni Korsanos, intends to divest its Lottery and Sports Betting businesses.

Mobile Premier League (MPL), Asia’s largest esports and skill gaming platform, has announced the official launch of the MPL App in the US with nine casual games. The app is now available on the Apple App Store and Android for users to download.

Scientific Games Corporation has installed its Mural cabinet at Pechanga Resort Casino. This is the first installation of Mural in California. Mural features dual 55-inch, ultra-high-definition curved displays with popular game titles such as WILLY WONKA – Dreamer of Dreams and Emperor’s Coins – 88 Fortunes.

VegasSlotsOnline News has published its research on average yearly spend per gambler in each of the five US iGaming markets. With total US iGaming handle exceeding $54bn at the time of this research, VegasSlotsOnline News has assessed which states top the list of biggest online casino markets.

Partnerships

Caleta Gaming has entered into a software distribution deal with Virtualsoft. As per the deal, Caleta’s games will be available for Virtualsoft clients such as DoradoBet, Netabet, Ecuabet and many more.

Esports media group Gaming Community Network (GCN) has entered into a partnership with Black Fire Innovation. This team effort is anticipated to unite GCN’s gaming and esports expertise with Black Fire Innovation’s state-of-the-art facilities.

Pizza company Domino’s has teamed up with American sports betting giant DraftKings to launch “Domino’s Carside Delivery 2-Minute Guarantee Over/Under Challenge”. The free-to-play prediction game asks customers to predict whether Domino’s Carside Delivery nationwide will go faster than two minutes, more or less than 80% of the time, for the chance to win a $ 200,000 share.

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay
Advertisement
Kasyno Online na HEX Polska

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.