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Gambling in the USA

Table Trac Announces First Quarter 2019 Results

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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,

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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

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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

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$

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.

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Gambling in the USA

PA Online Casinos Generate Nearly $280M in July Revenue

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Pennsylvania continues to lead the way in the US when it comes to online casino revenue. For July, PA online casinos produced $277.9 million in revenue, which tops the nation for the month.

The $277.9 million is the fifth-highest revenue month for the state in its iGaming history. It finished over $27 million ahead of Michigan ($250.5 million) and over $30 million ahead of New Jersey ($247.3 million) for July.

This past month’s revenue was a 22.2% jump from a year ago, when the state generated $227.4 million in July 2024.

The Pennsylvania Gaming Control Board releases its monthly data and highlights adjusted gaming revenue, which takes promotional dollars out of the gross gaming revenue. The adjusted revenue for the month was $228.3 million.

PGCB reports also list revenue by licensee. When iGaming launched in 2019, 10 different retail casinos in the state were granted licenses to operate online casinos, while two operators (Bally, Golden Nugget) earned untethered licenses. Some licensees have multiple online casinos operating under their umbrella. However, revenue is reported collectively.

Penn National continues to lead the way in revenue. They feature online casino operators like DraftKings Casino, BetMGM Casino, Hollywood Casino, and Fanatics Casino.

Valley Forge finished second, they feature two operators in FanDuel Casino and Stardust Casino.

Some other notable date points from the July report include:

• A total of $67.4 million in state tax revenue was generated from online casinos in July. An additional $36.5 million was generated in local taxes and county grants.

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• Slots made up the vast majority of revenue with $226.8 million coming from the online slot games. Table games brought in $48.5 million, while poker generated $2.5 million in revenue.

• Poker revenue was up 9.7% year over year, as it was at $2.3 million in July 2024.

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Gambling in the USA

Delaware Casinos Generate Revenue of $34.8M in July, Down 4.5% YoY

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Delaware casinos generated $34.8 million in revenue last month, down from $36.4 million the previous year, a 4.5% year-over-year decline.

In a report published by the Delaware Lottery, Harrington Casino saw the most significant year-over-year loss, with revenues decreasing from $7.8 million to $7.2 million, a drop of 7.2%. Slots and table games experienced year-over-year losses, with slots revenue declining by 5.9% and table games seeing a loss of more than 25%.

Delaware Park also experienced a decline of 4.3% but generated the highest revenue, at $15.1 million. Slots at the casino saw a loss of 5.9%, with its revenue decreasing from $13.8 million to just less than $13 million. Table games revenue increased by 5.1% year-over-year from just more than $2 million to $2.1 million.

Bally’s Dover also reported a revenue decline last month, but not as much as the others. Revenue dropped from $12.9 million to $12.5 million, showing a 3% decline. Table games saw increased revenue for the casino, with profits rising from $1.1 million to $1.3 million, a 16.6% increase. Slots declined 4.8% from $11.7 million to $11.2 million year-over-year.

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Gambling in the USA

BetMGM Brings Exclusive Rakin’ Bacon! Titles to NJ Online Casino, Borgata Hotel Casino

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An exclusive new slot game is making its way to BetMGM Casino NJ and one of the state’s retail locations.

This week, BetMGM announced, in partnership with AGS, a pair of new Rakin’ Bacon! titles will be hitting New Jersey online casinos.

Currently, Rakin’ Bacon! Jackpots Bonus Wheel is available to play, while Rakin’ Bacon! Jackpots Bonus Board will be released in mid-September.

On top of the iCasino release, these new slot titles will also be made available at the Borgata Hotel Casino & Spa in Atlantic City.

The Rakin’ Bacon! series will be the first third-party game at BetMGM with an online and on-property exclusivity period.

Oliver Bartlett, VP of Gaming at BetMGM, said: “We want to set the standard for creating the most seamless experiences for players to enjoy the games they love. The period of exclusivity reinforces our priority to be the top online casino destination where players can find the largest variety of games they can’t find anywhere else. Rakin’ Bacon! is a fun franchise that brings big brand recognition and we are proud to collaborate with AGS to add these titles to our stellar roster of games.”

BetMGM has shown a commitment to working with a diverse group of gaming suppliers to provide players with unique content. That continues to be the case in this pairing with AGS. This partnership will allow BetMGM customers to enjoy the slot title from home or at the Borgata.

“At AGS, we’re focused on bringing the energy of land-based favorites into the digital world in ways that feel meaningful for players. Rakin’ Bacon! is a proven brand with broad appeal; this launch is another step forward in our player-first strategy and our commitment to bridging physical and digital play in ways that drive real engagement,” AGS Vice President of Interactive Zoe Ebling said.

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