Table Trac Inc. (OTCMKTS:TBTC) Gets License in Mississippi
TopNewsGuide - Market News & Commentary
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 47 th; however, in the 2023 ranking, it jumped up several places and was ranked at the 25 th 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 Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com
February 23, 2023 05:00 AM Eastern Standard Time