Gambling in the USA
Table Trac Announces First Quarter 2019 Results
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 |
||||
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.
Gambling in the USA
Gila River Resorts & Casinos hosts $5.9 million Big Game prop play contest
Gambling in the USA
Spinomenal makes US debut with New Jersey market entry
Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenal’s specially selected titles will be going live via Pariplay’s Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented: “After a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.”
Gambling in the USA
Mechoopda Casino to Suspend Operations Effective January 31, 2025
The Mechoopda Indian Tribe has announced that the Mechoopda Economic Gaming Authority (MEGA) Board has made the decision to suspend operations at Mechoopda Casino. The final day of operations will be Friday, January 31, 2025.
The Mechoopda Casino says this decision comes after months of deliberation and efforts to address the various challenges affecting the casino’s operations.
Dennis Ramirez, Tribal Chairman of the Mechoopda Indian Tribe, said: “Suspending operations at the Casino is a heart-wrenching decision that affects not only our Tribe but also our valued employees, customers, and the surrounding community. While this chapter is closing, our commitment to the Casino’s long-term vision remains steadfast. For over 25 years, this project has been a cornerstone of our economic development goals, and we will continue to work toward its future reopening.”
The Tribe is taking steps to support both its employees and community partners during this transition period:
Employee Support: The Tribe is committed to offering resources and guidance to assist team members through this difficult time.
Remaining Open Until January 31: The Casino will remain open through its final day of operation, giving guests the opportunity to enjoy the remaining days of service.
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