Table Trac, Inc. (OTCQX: TBTC) announced a new contract to install its CasinoTrac casino‑management system at the Mardi Gras Hotel & Casino on the Las Vegas Strip. The deal adds a mid‑tier operator to Table Trac’s growing U.S. customer base and expands the company’s presence in a key market for table‑game operations.
The contract comes at a time when Table Trac’s recurring‑revenue mix—primarily maintenance and support services—accounts for roughly 48 % of total revenue, a figure that has been steadily rising as the company’s open‑architecture platform gains traction. In the first nine months of 2024, the company reported a 22 % year‑over‑year increase in revenue, driven by strong demand for its software solutions and a growing customer base in Las Vegas, where it opened an office in 2023.
By adding Mardi Gras to its portfolio, Table Trac gains a new, predictable revenue stream that will help offset any short‑term fluctuations in system sales. The open‑architecture design of CasinoTrac allows seamless integration with existing casino hardware, giving the company a competitive edge in a market that values flexibility and interoperability. The deal also signals confidence from a reputable operator, reinforcing Table Trac’s reputation as a specialist provider of table‑game management solutions.
The installation is expected to begin shortly, although the contract value has not been disclosed. While the announcement does not provide immediate financial impact, it represents a strategic expansion that could enhance Table Trac’s recurring‑revenue mix and strengthen its foothold in the Las Vegas market.
Overall, the new contract is a material development for Table Trac, adding a reliable source of recurring revenue and positioning the company for continued growth in a competitive casino‑software market.
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