Table Trac Inc. (OTCMKTS:TBTC) Gets License in Mississippi
Naples, FL
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February 23, 2023 05:00 AM Eastern Standard Time
The casino industry is back on its feet after some years following the chaos of the pandemic and lockdowns, which is why there are some companies in the sector that could come back onto the radars of analysts and investors. A company that has been active in the casino industry for quite a while is Table Trac Inc. (OTCMKTS:TBTC).
It was established back in 1995 and is involved in the development, design, and sale of casino information and management systems. It has a considerable presence, and at this point in time, its systems are deployed by more than 100 casino operators in Central, South, and North America. Table Trac has also managed to expand its reach to the Caribbean and Australia.
There have been some highly positive developments with regard to Table Trac in recent times, and one of those emerged last week on February 17. The company announced at the time that it had been awarded a license by the Mississippi Gaming Commission and that, by virtue of that, it would have permission to install its systems in casinos located in the state.
Chad Hoehne, who is the President and Chief Executive Officer of Table Trac, spoke about the development as well. He noted that he was looking forward to providing the full range of casino management system products to the casino operators in the state. Some of the products that the company seeks to offer include Table Trac, Kiosk Trac, Data Trac, Promo Trac, and the company’s flagship product, Casino Trac.
Earlier on in the year, on January 18, 2023, the company had been in the news after it announced that it had been included in the 2023 OTCQX Best 50. It is a ranking of the top-performing stocks that are listed on the OTCQX Best Market. The ranking had been prepared based on the performance of the stocks during 2022. The ranking was prepared after taking into consideration the average daily dollar volume growth and the one-year total return.
Both are then weighted in order to arrive at the ranking. Any company that finds a place in the ranking generally has to meet stringent standards with regard to governance, performance, and reporting, among others. In 2022, Table Trac had been in the ranking as well but had only been ranked 47th; however, in the 2023 ranking, it jumped up several places and was ranked at the 25th spot.
In November 2022, the company announced its financial results for the three-month and nine-month periods, both of which ended on September 30, 2022. In the third quarter, the revenues stood at $2,301,328, which reflected a rise of as much as 59% year on year from the revenues of $1,449,881 in the 2021 quarter. The revenues in the nine-month period came in at $8,112,167, which worked out to a year-on-year rise of as much as 60%. In the previous fiscal year, revenues totaled $2,301,329
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Contact Details
Mark McKelvie
+1 585-301-7700
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