Table Trac reveals Q2 results and entry into Las Vegas market
The company installed six systems at new locations and installed a record number of games.
The financial results for Table Trac have been revealed for the second quarter ending June 30, 2022.
The company reported revenue for the second quarter of $2,459,014 compared to revenue of $1,447,046 in 2021, an increase of approximately $1,012,000.
Highlights for the second quarter included installations of six systems at new locations, increasing the number of games for current customers and installing systems in over 40 new locations during the quarter.
Table Trac also reported seven customer contracts and one current customer expansion were in backlog as of June 30, 2022, these contracts are scheduled to be installed by the end of the year.
During the three months ended June 30, 2022, $2.8m for systems installed under contract have not been recorded as revenue and was excluded from total revenue.
The company also revealed that it will be entering the Las Vegas, Nevada market. After receiving Nevada Gaming approval for its CasinoTrac Casino Management System in July 2017, the company is partnering with two Las Vegas casinos.
Table Trac, Inc. President Chad Hoehne commented: “Our company’s work to design, build, install and support casino clients with a quality CMS system solution is being rewarded all over the USA and in over 13 countries, but it is especially gratifying to begin service in the world’s largest gaming market.”
Originally 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 Australia and the Caribbean.
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