6101 Baker Rd Ste 206
Minnetonka, MN 55345
Phone: 952-548-8877

Key Personnel

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About CasinoTrac

Table Trac, Inc. was founded in 1995 when our founder, Chad Hoehne, and his partners, noticed deficiencies in the management and player tracking systems available to table game operations. Given those deficiencies, they created and patented TableTrac™, a unique table games management system that provided robust accounting and reporting, player tracking, and rewarding, and could seamlessly integrate with other third-party casino management systems. 

As TableTrac™ evolved and demand for the system grew, clients approached us to design a complete casino management system that would allow them to utilize everything they loved about TableTrac™ across their entire slot floor. We obliged, and after months of programming and testing, we developed a state-of-the-art suite of casino management products. CasinoTrac™ was born!

CasinoTrac™ is regularly tested and is approved by BMM Test Labs to GLI-13, GLI-16, and GLI-18 in addition to 5 state commercial gaming and dozens of tribal gaming commission requirements. We are licensed and operate in multiple states, tribal, and international gaming jurisdictions.

For over 25 years, Table Trac™ has been a publicly-traded company under the ticker symbol TBTC. We maintain strict compliance with Sarbanes-Oxley and SEC governance regulations giving full disclosure of our company to all of our current and potential clients.

Latest News

Best Bet Products, Inc of Pahrump, Nevada Chooses CasinoTrac Management System

MINNETONKA, Minn.April 14, 2021 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC) announces it has signed an agreement to install the CasinoTrac management system at Best Bet Products, Inc's Stage Stop Casino and the Grill Room both located in Pahrump, Nevada.

"We are excited for the installation and future launch of Casino Trac's integrated slot accounting and customer reward programs.  We feel Casino Trac's system will allow us to continue building loyalty with our existing customers while driving future customer growth at our existing and future projects.  With Casino Trac's system, Best Bet Products, Inc will be able to build a route wide Player's Club that will be used to maximize our opportunities in the distributed gaming and wholly owned gaming locations," said Shawn Holmes, President of Best Bet Products, Inc.

Chad Hoehne, President of Table Trac Inc, stated, "We are thrilled that Best Bet Products, Inc. has chosen the CasinoTrac management system and are confident that our suite of products will help Mr. Holmes meet their objectives and grown their business at their gaming operations."

Table Trac Releases Annual Financial Report

PART I

Item 1. Business.

GENERAL

Table Trac, Inc. (the “Company” or “Table Trac”) is a Nevada corporation, formed on June 27, 1995, with principal offices in Minnetonka, Minnesota. The Company’s corporate website address is www.TableTrac.com.


The Company has developed and patented (U.S. patent # 5,957,776) a proprietary information and management system (called our “Table Trac” system) that automates and monitors the operations of casino table game operations. In addition to its table games management system, Table Trac has been adding functionality to related casino system modules for guest rewards and loyalty club, marketing analysis, guest service, promotions, administration / management, vault / cage management and audit / accounting tasks. Aggregated together, all of these modules have become the “Casino Trac” product, a full-featured Casino Management System (CMS) offering what we believe to be a powerful combination of value, efficiency and reliability for casinos seeking to add or upgrade their casino systems.



The Company sells systems and technical support to casinos. The open architecture of the Table Trac system is designed to provide operators with a scalable and flexible system that can interconnect and operate with most third-party software or hardware. Key products and services forming a part of the Table Trac system include modules designed to drive player tracking programs and kiosk promotions, as well as vault and cage controls. The company’s systems meet the strictest auditing, accounting and regulatory requirements. The Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.



The Company continues to increase its market share by expanding its product offerings to include new system features and ancillary products.



TABLE TRAC INSTALLATIONS



Table Trac currently has casino management systems, table games management systems and ancillary products installed with on-going support and maintenance contracts with 100 casino operators in over 180 casinos worldwide in the U.S., Australia, Caribbean, Central and South America.



AVAILABILITY OF TABLE TRAC



Table Trac systems are available for purchase from the Company by any legal gambling casino in the U.S. and legal casinos operating outside the USA. Table Trac’s systems are purchased, installed and sold with a monthly license and maintenance contract whereby Table Trac performs required maintenance on its systems to assure trouble-free operations.



MANUFACTURING CAPABILITIES



The Company designs and manufactures its own table game interface units and slot machine gaming machine interface boards using the services of third-party electronics assembly firms. The Company has relationships with a host of third-party electronic and gaming equipment manufacturers that can be readily available for hire, as needed.



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TRADEMARKS AND PATENTS



The Company has a registered trademark (“TABLE TRAC”), which was originally issued on September 7, 2000.



In September of 2020 the Company was granted a Patent (U.S. patent #10,769,885 B2) on its April 2017 application 15/946,227 “SYSTEMS AND METHODS OF FACILITATING INTERACTIONS BETWEEN AN ELECTRONIC GAMING MACHINE, GAME PLAYER, AND A CONTROL SYSTEM”. In addition, the Company renewed its Trademark claim for “Table Trac” which was granted July 31, 2018 Reg. No. 5,529,779 and made a new Trademark claim on its “CasinoTrac” brand which is pending.



EMPLOYEES



As of December 31, 2020, the Company had 24 full-time equivalents with an employee headcount of 24.



GOVERNMENT REGULATIONS



The gaming and lottery industries are generally subject to extensive and evolving regulation that customarily includes some form of licensing or regulatory screening of suppliers, manufacturers and distributors and their applicable affiliates, their major shareholders, officers, directors and key employees. In addition, certain of our gaming products and technologies must be certified or approved in certain jurisdictions in which we operate. Regulators review many facets of an applicant or holder of a license, including its financial stability, integrity and business experience. Any failure to receive a license or the loss of a license that we currently hold could have a material adverse effect on us or on our results of operations, cash flow or financial condition.



While we believe that we are in compliance with all material gaming and lottery laws and regulatory requirements applicable to us, we cannot assure that our activities or the activities of our customers will not become the subject of any regulatory or law enforcement proceeding or that any such proceeding would not have a material adverse impact on us or our results of operations, cash flow or financial condition.



RECENT DEVELOPMENTS



The Company signed eight new customer contracts in 2020 and expanded the Company’s presence in Minnesota, Nevada, Oklahoma and South Dakota. At the end of 2020, the Company had casino management systems, table games management systems and ancillary products installed with on-going support and maintenance contracts with 100 casino operators in over 170 casinos worldwide.



At the Company’s annual shareholder meeting in October 2020, the Company’s shareholders re-elected Thomas Mertens and William Martinez as its independent board members; along with one of the Company’s current officers, Chad Hoehne, Table Trac’s, President, Chief Technical Officer and founder, and now its Chief Executive Officer. The board elected Mr. Hoehne as Chairman of the Board, while Mr. Mertens was elected to serve as chairman of the audit and compensation committees. Mr. Martinez was elected to serve as chairman of the compliance committee.



During 2020, due to the COVID-19 pandemic the most of the industry's trade shows and conferences were cancelled. The company did participate in the Fantini virtual tradeshow and the Global Gaming Virtual Expo (G2E). The Company holds licenses in Colorado, Iowa, Maryland, Minnesota, Nevada and pending in California, which allows the Company to pursue sales in these territories.



In February 2020, the Company obtained a $500,000 line of credit with a lender. The Company has renewed this line of credit through February 2022.



On April 14, 2020, the Company entered into a Promissory Note with Alerus Financial, N.A. (the “Promissory Note”), which provides for an unsecured loan of $473,400 pursuant to the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief, and Economic Security Act and applicable regulations (the “CARES Act”). Forgiveness of the Promissory Note will be determined in accordance with the provisions of the CARES Act and applicable regulations. The Company used the entire loan amount for designated qualifying expenses and to applied for forgiveness of the loan in accordance with the terms of the PPP on September 16, 2020. Notice of PPP forgiveness payment was received on December 21, 2020.



Impact of COVID-19 on Our Business.



The COVID-19 pandemic has and will continue to impact the economy and will likely continue to adversely affect our business. As of the date of this filing, uncertainty exists concerning the magnitude of the impact and duration of the pandemic. The company continues to operate while adhering to social distancing and state orders. Some of our customers have and will temporarily close or will be operating at a diminished capacity which may negatively impact revenue. The pandemic may shift industry demand for installing and replacing existing casino management systems, impact sales and gross margins in the future, limit our ability to secure products we sell due to supplier and manufacturer shortages, limit the ability of our employees to perform their work due to illness caused by the pandemic and local, state, or federal orders requiring employees to remain at home, limit the ability of carriers to deliver our products to customers, limit the ability of our customers to conduct their business and purchase our products and services, and limit the ability of our customers to pay us on a timely basis.



As described above, in April 2020 we applied and were approved for a Paycheck Protection Program (PPP) loan through the Small Business Administration. This loan was forgiven on December 21, 2020.



To ensure that our business can continue to operate during this uncertain time, in February 2021 we applied and were approved for a second draw of the Paycheck Protection Program (PPP) loan through the Small Business Administration. This loan will allow us to continue to employ all existing employees to service our client base.



With respect to liquidity, we continue to evaluate and take actions to reduce costs and spending across our organization. This includes reducing hiring activities, adjusting pay programs, and limiting discretionary spending.



While we are unable to predict the nature, scope or duration of the impact of the COVID-19 pandemic on our business, results of operations, liquidity or capital resources, we will continue to actively monitor the situation and may take further actions that alter our business operations as may be required by federal, state or local authorities or that we determine are in the best interests of our employees, customers, suppliers and shareholders.

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Item 1A. Risk Factors.



Risk Factors Relating to Our Business



Our business may be adversely impacted by the COVID-19 pandemic.



The COVID-19 pandemic has and will continue to impact the economy and will likely adversely affect our business. As of the date of this filing, uncertainty exists concerning the magnitude of the impact and duration of the pandemic. Some of our customers have temporarily closed or are operating at a diminished capacity which may negatively impact revenue. The pandemic may shift industry demand for installing and replacing existing casino management systems, impact sales and gross margins in the future, limit our ability to secure products we sell due to supplier and manufacturer shortages, limit the ability of our employees to perform their work due to illness caused by the pandemic and local, state, or federal orders requiring employees to remain at home, limit the ability of carriers to deliver our products to customers, limit the ability of our customers to conduct their business and purchase our products and services, and limit the ability of our customers to pay us on a timely basis.



The Company’s business is subject to unpredictable order flows, which might cause its results to fluctuate significantly from period to period.



Individual system sales can have a long sales cycle, resulting in unpredictable revenue from such sales. Other revenue is derived from expansion opportunities at existing customer facilities and, although existing customers have in the past engaged us to provide expanded services and systems, there is no contractual agreement to provide us with any minimum volume or the ability to expand our services and systems. For these reasons, the Company can experience unpredictable order flows for system expansions.



Our growth and ability to access capital markets are subject to a number of economic risks.



Financial markets worldwide can experience disruption, including, among other things, diminished liquidity and credit availability, rating downgrades of certain investments and declining valuations. Financial market conditions affect our business in a number of ways. For example, the tightening of credit in financial markets adversely affects the ability of our customers to obtain financing for purchases and operations and could result in a decrease in or cancellation of lease and sale orders for our products and services. In addition, poor financial market conditions could also affect our ability to raise funds in the capital and lending markets.



Risks that impact our customers may impact us.



If fewer players visit our customers’ facilities, if such players have less disposable income to spend at our customers’ facilities or if our customers are unable to devote resources to purchasing and leasing our products are forced to close their respective facilities, there could be an adverse effect on our business. Such risks that affect our customers include, but are not limited to:




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adverse economic and market conditions in gaming markets, including recession, economic slowdown, higher interest rates, higher airfares and higher energy and gasoline prices;




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global geopolitical events such as terrorist attacks and other acts of war or hostility;




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global health concerns, including COVID-19;




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natural disasters such as major fires, floods, hurricanes and earthquakes; and




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inability of our customers to operate due to regulatory disputes, or inability to meet their debt obligations.



We have agreements with casinos in Native American and foreign jurisdictions, which may subject us to sovereign immunity risks.



We may have a difficult time enforcing our contracts with Central America, South America, the Caribbean and Native American tribes and the casinos they operate. These customers may enjoy significant immunity or impracticality from suit. For instance, in order to sue a Native American tribe (or an agency or instrumentality of a Native American tribe); the Native American tribe must have effectively waived its sovereign immunity with respect to the matter in dispute. While we always seek the waivers of immunity initially, they may not always become a part of our final contracts with Native American tribes. Without a waiver, limited or otherwise, of the tribe’s sovereign immunity, our ordinary rights and remedies (such as our right to enter Native American lands to retrieve our property in the event of a breach of contract by the tribal party to that contract, or our right to enforce any outside judgment against such tribal party) will not likely be enforceable.



We compete in a single industry and our business may suffer if our products become obsolete or demand for them decreases, including without limitation, as a result of the downturn in the gaming industry.



We derive substantially all of our revenues from leasing, licensing, selling and other financing arrangements of products for the gaming industry. Consistent demand for and satisfaction with our products by our customers is critical to our financial condition and future success. Problems, issues, defects or dissatisfaction with our products could cause us to lose customers or revenues from leases with minimal notices. Additionally, our success depends on our ability to keep pace with technological advances in our industry and to adapt and improve our products in response to evolving customer needs and industry trends. If demand for our products weakens due to lack of market acceptance, technological change, increased competition, regulatory changes, or other factors, it could have a material adverse effect on our business, results of operations or financial condition.



Any disruption in our manufacturing processes, any significant increase in manufacturing costs or any inability to manufacture our products to meet demand could adversely affect our business and operating results.



We manufacture our software and many related products ourselves. Should any of these manufacturing processes be disrupted we may be unable to timely remedy such disruption. In such a case, we may be unable to produce a sufficient quantity of our products to meet the demand of our customers. In addition, manufacturing costs may increase significantly and we may not be able to successfully recover these cost increases with increased pricing to our customers. Either case could have an adverse impact on our business, results of operations or financial condition.



We operate in a very competitive business environment and if we do not adapt our approach and our products to meet this competitive environment, our business, results of operations or financial condition could be adversely impacted.



There is intense competition in the gaming management and gaming products industry which is characterized by dynamic customer demand and rapid technological advances. Today, there are many systems providers in the U.S. and abroad offering casinos and gaming operators “total solution” casino management and table games management systems. As a result, we must continually adapt our approach and our products to meet this demand and match technological advances and if we cannot do so, our business results of operations or financial condition may be adversely impacted. Conversely, the development of new competitive products or the enhancement of existing competitive products in any market in which we operate could have an adverse impact on our business, results of operations or financial condition. If we are unable to remain dynamic in the face of changes in the market, it could have a material adverse effect on our business, results of operations or financial condition.



We are dependent on the success of our customers and their decisions to upgrade or replace their current casino management systems.



Our success depends on our customers leasing or buying our products to expand their existing operations, replace existing gaming management products or equip a new casino. Any slowdown in the replacement cycle on the part of our customers may negatively impact our operations.



If our products contain defects, our reputation could be harmed and our operating results and financial results could be adversely affected.



Some of our products and our anticipated future products are complex and may contain defects that we do not detect. The occurrence of defects or malfunctions in one or more of our products could result in financial losses for our customers and in turn the termination of leases, cancellation of orders, product returns and diversion of our resources, and could additionally result in lost revenues, civil damages and regulatory penalties, as well as possible rescission of product approvals. Any of these occurrences could also result in the loss of or delay in market acceptance of our products and loss of placements.



We may not be able to attract, retain, or motivate the management or employees necessary to remain competitive in our industry.



The competition for qualified personnel in the gaming industry is intense. Our future success depends on the retention and continued contributions of our key management, finance, marketing, development, technical and staff personnel, many of whom would be difficult or impossible to replace. Our success is also tied to our ability to recruit additional key personnel in the future. We may not be able to retain our current personnel or recruit any additional key personnel required. The loss of services of any of our personnel or our inability to recruit additional necessary key personnel could have a material adverse effect on our business, financial condition, results of operations and prospects.



Any disruption in our software and related information technology systems due to a cyber incident could adversely affect our business and operating results.



We rely on our software and related information technology systems to operate our business. We are also exposed to the risk of cyber incidents in the ordinary course of business. Cyber incidents may be deliberate attacks for the theft of intellectual property or other sensitive information or may be the result of unintentional actions or events. We have information technology security initiatives and recovery plans in place to mitigate our risk to these vulnerabilities, but these measures may not be adequate, or implemented properly, or executed timely to ensure that our operations are not disrupted. Potential risks associated with a material cyber incident include loss of intellectual property, impairment of our ability to conduct our operations, disruption of our customers’ operations, damage to our reputation, litigation, and increased cyber security protection and remediation costs. Such consequences could adversely affect our business, results of operations or financial condition.



Risk Factors Relating to Intellectual Property



We are dependent on our intellectual property and we may be unable to protect our intellectual property from infringement, or misappropriation.



The gaming industry and the software industry are in general characterized by the use of various forms of intellectual property. We are dependent upon patented technologies, trademarked brands and proprietary information for our business. We endeavor to protect our intellectual property rights and our products through a combination of patent, trademark, trade dress, copyright and trade secret laws, as well as licensing agreements and third-party nondisclosure and assignment agreements. We cannot, however, be certain that any trademark, copyright, issued patent or other types of intellectual property will provide competitive advantages for us. Furthermore, we cannot be certain that our efforts to protect our intellectual property rights or products will be successful.



Our existing patents may be found invalid or unenforceable and any current or future patent applications may not be approved.



We have patents and we utilize patent protection in the United States relating to certain processes and products. We cannot assure you that all of our existing patents would be found valid or enforceable or will continue to be valid or enforceable, or that any pending patent applications will be approved. Our competitors may in the future challenge the validity or enforceability of certain of our patents. The patents we own could be challenged, invalidated or circumvented by others and may not be of sufficient scope or strength to provide us with any meaningful protection or commercial advantage. Competitors may infringe our patents and we may not have adequate resources or there may be other reasons we do not enforce our patents. Our patents may not adequately cover a competitor’s products in such a way as to provide us with a competitive advantage. Furthermore, the future interpretation by courts of United States laws regarding the validity of patents could negatively affect the validity or enforceability of our current or future patents.



Our efforts to protect our unpatented proprietary technology may not be successful.



We rely on unpatented proprietary technology. It is possible that others will independently develop the same or similar technology or otherwise obtain access to our unpatented technology. To protect our trade secrets and other proprietary information, we require employees, consultants, advisors and other collaborators to enter into confidentiality agreements. We cannot assure you that these agreements are fully enforceable or will provide meaningful protection for our trade secrets, know-how or other proprietary information in the event of any unauthorized use, misappropriation or disclosure of such trade secrets, know-how or other proprietary information. Furthermore, we may not have adequate resources to enforce these agreements in a meaningful way. If we are unable to maintain the proprietary nature of our technologies or enforce the agreements we use to protect those technologies, it could have a material adverse effect on our business.



We may not be able to establish or maintain our trademarks.



We rely on our trademarks, trade names, trade dress, copyrights and brand names to distinguish our products from the products of our competitors. We have registered or applied to register many of these trademarks. Our trademarks may not remain valid or enforceable. We may not be able to build and maintain goodwill in our trademarks or other intellectual property. Third parties may oppose our trademark applications or challenge our use of the trademarks. In the event that our trademarks are successfully challenged, we could be forced to rebrand our products, which could result in loss of brand recognition and could require us to devote resources towards advertising and marketing new brands. Further, our competitors may infringe our trademarks or other intellectual property and we may not have adequate resources or there may be other reasons we do not enforce our trademarks or other types of intellectual property.



We may not be able to adequately protect our foreign intellectual property rights.



Because of the differences in foreign patent, trademark, trade dress, copyright and other laws concerning proprietary rights, our intellectual property frequently does not receive the same degree of protection in foreign countries as it would in the United States. Our failure to possess, obtain or maintain adequate protection of our intellectual property rights for any reason could have a material adverse effect on our business, results of operations and financial condition.



The intellectual property rights of others may limit our ability to make and sell our products.



The gaming industry is characterized by the rapid development of new technology which requires us to continuously introduce new products using these technologies and innovations, as well as to expand into new markets that may be created. Therefore, our success depends in part on our ability to continually adapt our products and systems to incorporate new technologies and to expand into markets that may be created by new technologies. However, to the extent technologies are protected by the intellectual property rights of others, including our competitors, we may be prevented from introducing products based on these technologies or expanding into markets created by these technologies. If the intellectual property rights of others prevent us from taking advantage of innovative technologies, our financial condition, operating results or prospects may be harmed.



We have many competitors in both the United States and foreign countries, some of which have substantially greater resources and have made substantial investments in competing technologies. Some competitors have applied for and obtained and may in the future apply for and obtain, patents that may prevent, limit or otherwise interfere with our ability to make and sell our products. Any royalty, licensing or settlement agreements, if required, may not be available to us on acceptable terms or at all.



Significant litigation regarding intellectual property rights exist in our industry.



There is a significant amount of litigation that occurs in the gaming and technology industry. A successful challenge to or invalidation of one of our patents or trademarks, a successful claim of infringement by a third party against us, our products, or one of our licensees in connection with the use of our technology, or an unsuccessful claim of infringement made by us against a third party or its products, could adversely affect our business or cause us financial harm. Any such litigation – whether with or without merit – could:




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be expensive and time consuming to defend;




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cause one or more of our patents to be ruled or rendered unenforceable or invalid;




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cause us to cease making, licensing or using products that incorporate the challenged intellectual property;




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require us to redesign, reengineer or rebrand our products;




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divert management’s attention and resources;




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require us to pay significant amounts in damages;




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require us to enter into royalty, licensing or settlement agreements in order to obtain the right to use a necessary product, process or component;




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limit our ability to bring new products to the market in the future; or




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cause us, by way of injunction to remove products on lease and/or stop selling or leasing new products.



Risks Factors Relating to Regulation



The gaming industry is highly regulated and we must adhere to various regulations and maintain applicable licenses to continue our operations. Failure to abide by regulations or maintain applicable licenses could be disruptive to our business and could adversely affect our operations.



We and our products are subject to extensive regulation under federal, state, local and foreign laws, rules and regulations of the jurisdictions in which we do business and our products are used. Violations of laws in one jurisdiction could result in disciplinary action in other jurisdictions. Licenses, approvals or findings of suitability may be revoked, suspended or conditioned. In sum, we may not be able to obtain or maintain all necessary registrations, licenses, permits or approvals. The licensing process may result in delays or adversely affect our operations and our ability to maintain key personnel, and our efforts to comply with any new licensing regulations will increase our costs.



We may be unable to obtain licenses in new jurisdictions where our customers operate.



We will become subject to regulation in any jurisdiction where our customers operate in the future. To expand into any such jurisdiction we may need to be licensed, or obtain approvals of our products or services. If we do not receive, or receive a revocation of a license in a particular jurisdiction for our products, we would not be able to sell or place our products in that jurisdiction. Any such outcome could materially and adversely affect our results of operations and any growth plans for our business.



Legislative and regulatory changes could negatively affect our business and the business of our customers.



Legislative and regulatory changes may affect demand for or place limitations on the placement of our products. Such changes could affect us in a variety of ways. Legislation or regulation may introduce limitations on our products or opportunities for the use of our products and could foster competitive products or solutions at our or our customers’ expense. Our business will likely also suffer if our products became obsolete due to changes in laws or the regulatory framework.



Legislative or regulatory changes negatively impacting the gaming industry as a whole or our customers in particular could also decrease the demand for our products. Opposition to gaming could result in restrictions or even prohibitions of gaming operations in any jurisdiction or could result in increased taxes on gaming revenues. Tax matters, including changes in state, federal or other tax legislation or assessments by tax authorities could have a negative impact on our business. A reduction in growth of the gaming industry or in the number of gaming jurisdictions or delays in the opening of new or expanded casinos could reduce demand for our products. Changes in current or future laws or regulations or future judicial intervention in any particular jurisdiction may have a material adverse effect on our existing and proposed foreign and domestic operations. Any such adverse change in the legislative or regulatory environment could have a material adverse effect on our business, results of operations or financial condition.



Risk Factors Related to the Securities Markets and Ownership of Our Common Stock



The limited liquidity for our common stock could affect your ability to sell your shares at a satisfactory price.



Trading of our common stock is conducted on the over-the-counter markets—specifically on the OTCQX, the top-tier quotation marketplace administered by OTC Markets. Our common stock is relatively illiquid. A more active public market for our common stock may not develop, which could adversely affect the trading price and liquidity of our common stock. Moreover, a thin trading market for our stock could cause the market price for our common stock to fluctuate significantly more than the stock market as a whole. This may result in lower prices for our common stock than might otherwise be obtained and could also result in a larger spread between the bid and asked prices for our common stock.



There is currently little trading volume in our common stock, which may make it difficult to sell shares of our common stock.



In general, there has been very little trading activity in our common stock. The relatively small trading volume will likely make it difficult for our stockholders to sell their shares as and when they choose. Furthermore, small trading volumes generally depress market prices. As a result, you may not always be able to resell shares of our common stock publicly at the time and prices that you feel are fair or appropriate.



Item 1B. Unresolved Staff Comments.



Not applicable.



Item 2. Properties.



The Company has a lease on corporate office space in Minnetonka, Minnesota which expires on June 30, 2021, and includes over 4,400 square feet of office and warehouse space. The monthly rent payment is approximately $3,870 with periodic escalators to approximately $4,090 per month, excluding operating expenses.



Additionally, the Company has a lease on additional office space in Oklahoma City, Oklahoma which expires on August 31, 2022. The monthly rent payment is approximately $1,150 excluding operating expenses.



The Company believes these spaces are adequate for its current business needs.



Item 3. Legal Proceedings.



None.



Item 4. Mine Safety Disclosures.



Not applicable.



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PART II



Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.



Market Information: The Company’s common stock is quoted for trading on the OTCQX over-the-counter quotation service under the symbol “TBTC.” The OTCQX is a top-tier quotation marketplace administered by OTC Markets. Prior to July 22, 2019, the Company’s common stock had been quoted for trading on the OTCQB over-the-counter quotation service under the symbol “TBTC.” Any quotations reflect inter-dealer prices, without retail mark-up, markdown, or commission, and may not represent actual transactions.



Holders: As of March 31, 2021, the Company had outstanding 4,506,788 shares of common stock held by approximately 62 holders of record.



Dividends: No dividends were declared or paid in 2020 or 2019, and the Company does not expect to pay dividends in the near future.



Item 6. Selected Financial Data.



Not applicable.



Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operation.



The following discussion should be read in conjunction with our audited financial statements and related notes that appear elsewhere in this filing.



CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS



Some of the statements made in this report are “forward-looking statements,” as that term is defined under Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based upon our current expectations and projections about future events. Whenever used in this report, the words “believe,” “anticipate,” “intend,” “estimate,” “expect” and similar expressions, or the negative of such words and expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. The forward-looking statements in this report are primarily located in the material set forth under the headings “Description of Business,” “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” but are found in other parts of this report as well. These forward-looking statements generally relate to our plans, objectives and expectations for future operations and are based upon management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. You should read this report completely and with the understanding that actual future results may be materially different from what we expect. We will not update forward-looking statements even though our situation may change in the future.



Some, but not all, of the factors that could cause actual results to differ from those implied by the forward-looking statements in this report are more fully described in the “Risk Factors” section of this report.



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Industry data and other statistical information used in this report are based on independent publications, government publications, reports by market research firms or other published independent sources. Some data are also based on our good faith estimates, derived from our review of internal surveys and the independent sources listed above. Although we believe these sources are reliable, we have not independently verified the information.



Due to the recent outbreak of the coronavirus in the U.S. and globally, our customers may be impacted. The impact of the coronavirus on our future results could be significant and will largely depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the coronavirus, the success of actions taken to contain or treat the coronavirus, and reactions by consumers, companies, governmental entities and capital markets. It is possible we will have collection issues or customer concessions as a result.



BACKLOG



The Company’s backlog generally consists of incomplete system installations and expansion of offerings for currently installed and supported systems.



The Company had one project in its backlog at December 31, 2019. The Company had two projects in its backlog as of December 31, 2020.



Subsequent to December 31, 2020, the Company has three signed new contracts with customers.



The Company is currently serving gaming establishments in thirteen U.S. states, as well as countries in Central and South America, the Caribbean and Australia. The Company aims to pursue further opportunities and strategic partnerships.



LIQUIDITY AND CAPITAL RESOURCES



Management believes that the Company has adequate cash to meet its obligations and continue operations for both existing customer contracts and ongoing product development for at least the next 12 months from the date of this filing. In February 2020, the Company obtained a $500,000 line of credit with a lender. The Company’s primary sources of liquidity are cash, receivables and potentially other current assets. In February 2021 we applied and were approved for a second draw in the amount of $473,400 of the Paycheck Protection Program (PPP) loan through the Small Business Administration. This loan will allow us to continue to employ all existing employees to service our client base. Management is not aware of any trends or any known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in the registrant’s liquidity increasing or decreasing in any material way.



The Company’s cash position at December 31, 2020 was $1,731,869, an increase of $468,107 from $1,263,762 at December 31, 2019. Net cash flows used by operating activities during the year ended December 31, 2020 were approximately $5,293 compared to cash provided by operating activities of $55,131 for the same period in 2019. This decrease of $60,424 was primarily due to a decrease in income from operations and net changes in accounts receivable and payables.



Net cash used in investing activities was $0 during the year ended December 31, 2020, compared to $28,445 for the same period in 2019. This decrease of $28,445 was due to no capital expenditures during 2020.



Net cash provided in financing activities was $473,400 during the year ended December 31, 2020, compared to cash used of $53,721 for the same period in 2019. This increase of $527,121 was caused primarily by the company receiving funds from the PPP loan during 2020.



On December 31, 2020, total stockholders’ equity was $4,693,493 compared to $4,357,224 in 2019, an increase of $336,269 or 7.7%, which was primarily due to 2020 net income.



RESULTS OF OPERATIONS, YEAR ENDED DECEMBER 31, 2020 COMPARED TO YEAR ENDED DECEMBER 31, 2019



The most significant events that affected the 2020 results of operations were the Company’s (1) installation of ten casino management systems at nine operating entities; and (2) expansion in Minnesota, Nevada, Oklahoma and South Dakota.



See Note 1: Revenue, disaggregated revenues by major product line table



5
Table of Contents


Total revenues decreased $3,507,020, a 44.3% decrease, due to fewer and smaller installations as a result of the COVID-19 pandemic in 2020 as compared to 2019. System sales decreased $2,048,180, a 56% decrease, due to the smaller amount of systems that were installed in 2020 compared to 2019. Maintenance revenue decreased $214,716, an 8% decrease, due to an increase in COVID-19 related customer credits issued during 2020. Service and other revenue, which includes promotional kiosk software sales and licensing agreements decreased $1,244,124, as a result of the one time licensing agreement with a customer in Japan that occurred in 2019.



During 2020, the Company delivered a total of ten systems in the United States. Some of the revenue for the installations did not meet our collectability criterion, and will be recognized upon receipt of customers payments. During 2019, the Company delivered 29 systems.



Cost of sales decreased to $1,073,523 in 2020 from $2,457,077 in 2019. The decrease of $1,383,554 was primarily due to fewer and smaller installations as a result of the COVID-19 pandemic. The following table summarizes our cost of sales:




Years ended December 31,



2020


2019


2020


2019


(As Restated) (As Restated)
(percent of revenues) (percent of revenues)
System

$ 460,540 $ 1,554,606 10.5 % 19.7 %
Maintenance

371,205 449,157 8.4 % 5.7 %
Service and other

241,778 453,314 5.5 % 5.7 %
Total cost of sales

$ 1,073,523 $ 2,457,077 24.3 % 31.1 %
Gross profit

$ 3,327,918 $ 5,451,384 75.7 % 68.9 %


The gross profit in 2020 was $3,327,918 or 76% of sales compared with $5,451,384 or 69% of sales in 2019. This decrease is primarily due to the number of smaller unit sales in 2020 verses 2019.



Total operating expenses decreased to $3,670,912 in 2020 from $4,528,567 in 2019. This 19% decrease of $857,655 was primarily due to the decrease in marketing and sales activities in 2020 compared to 2019 as a result of COVID-19.



The income tax benefit was $97,000 in 2020, for an effective rate of -46.21%, compared to income tax expense of $174,000 for an effective rate of 17.8% in 2019. The decrease in effective rates is primarily due to the nontaxability of the Paycheck Protection Program loan forgiveness.



Other income was $473,400 in 2020 as compared to $0 in 2019. This increase was comprised of the PPP loan forgiveness income.



The net income for 2020 was $ 306,893 compared to net income of $ 805,265 for 2019, which is a decrease of $498,372.



The basic and diluted earnings per share in 2020 were $ 0.07 compared to basic and diluted earnings per share of $ 0.18 in 2019.



OFF-BALANCE SHEET ARRANGEMENTS



None.



6
Table of Contents


CRITICAL ACCOUNTING POLICIES AND ESTIMATES



The Company’s discussion and analysis of financial condition and results of operations is based upon its financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company evaluates these estimates, including those related to revenue recognition, bad debts, inventory valuation, intangible assets, and income taxes. The Company bases these estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The estimates and judgments that the Company believes have the most effect on its reported financial position and results of operations are as follows:



Revenue Recognition



The Company derives revenues from the sales of systems, licenses and maintenance fees, services, and rental agreements.



System Sales



Revenue is recognized upon transfer of control of promised products and services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We enter into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of any taxes collected, when applicable from customers, which are subsequently remitted to governmental authorities.



A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is a unit of account in ASC 606. A majority of the Company’s systems sales have multiple performance obligations including an obligation to deliver a casino management system and another to provide maintenance services. For system sales with multiple performance obligations, the Company allocates revenue to each performance obligation based on its SSP. See discussion with in the significant judgement paragraph regarding our determination of SSP. At contract inception, management assesses whether it is probable that the company will collect substantially all of the consideration to determine whether the contract meets the criterion for collectability. The revenue allocated to the casino management system is recognized upon installation. The Company occasionally enters into contracts that include multiple sites; management has determined that each site installation is a separate performance obligation. In these instances, the Company recognizes revenue upon completion of each performance obligation. In addition, the Company has a contract with a reseller who purchases and resells the Company’s products; monthly the reseller notifies the Company of their successful installations, and submits an invoice to the Company for those installations. The Company also analyzes its standard business practice of using long-term contracts and the history of collecting on extended payment term contracts which include a significant financing component which is usually a market interest rate. The associated interest income is reflected accordingly on the statement of operations.



Management’s assessment of collectability at both contract inception and on an ongoing basis resulted in the determination that some of our contracts did not meet the criterion for collectability. The balance of these contracts are not included as part of accounts receivable on the balance sheet. Accordingly, for these contracts whereby the collectability criterion has not been met, revenue will be recognized as payments are received.



Maintenance Revenue



Maintenance revenue is recognized ratably over the contract period. The SSP for maintenance is based upon the renewal rate for contracted services.



Service Revenue and Other Revenue



Service revenue is recognized upon completion of the services and are billed in arrears. The SSP for service revenue is established based upon actual selling prices for the services or prior similar arrangements.



The Company offers qualified customers a licensing agreement. Licensing revenue is recognized after the intellectual property (CMS system), the performance obligation, is delivered and in its operational and functional state. The stand-alone selling price for licensing revenue is established based upon actual selling prices for the license.



See also Note 1.



Accounts Receivable / Allowance for Doubtful Accounts



Accounts receivable are initially recorded at the invoiced amount and carried on the balance sheet at net realizable value as of each balance sheet date. For receivables related to contracts that contain an interest rate, interest is recorded upon receipt to interest income on the statements of operations. An allowance for doubtful accounts is recorded when the Company believes the amounts may not be collected. Management believes that receivables, net of the allowance for doubtful accounts, are fully collectible. Accounts receivable are written off when management determines collection is no longer likely. While the ultimate result may differ, management believes that any write-off not allowed for will not have a material impact on the Company’s financial position.



Inventory



Inventory, consisting of finished goods, is stated at the lower of cost or net realizable value. The average cost method (which approximates first in, first out method) is used to value inventory. Inventory is reviewed annually for the lower of cost or net realizable value and obsolescence. Any material cost found to be above market value or considered obsolete is written down accordingly. The Company had $45,045 and $0 of obsolescence reserves at December 31, 2020 and 2019, respectively.



Income Taxes



Income taxes are provided for using the liability method of accounting. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment.



Item 7A. Quantitative and Qualitative Disclosures About Market Risk.



Not applicable.



7
Table of Contents



Item 8. Financial Statements and Supplementary Data.



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors and
Stockholders of Table Trac, Inc.



Opinion on the Financial Statements



We have audited the accompanying balance sheets of Table Trac, Inc. (the Company) as of December 31, 2020 and 2019, and the related statements of operations, stockholders’ equity, and cash flows for each of the years in the two-year period ended December 31, 2020, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2020 and 2019, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2020, in conformity with accounting principles generally accepted in the United States of America.



Correction of Misstatements

As discussed in Note 2 to the financial statements, the 2019 financial statements have been restated to correct misstatements.



Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.



We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.



Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.



Critical Audit Matters

The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.



Revenue Recognition



Description of the Matter



As described in Note 1 to the financial statements, the Company recognizes revenue when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company enters into contracts with its customers that may contain multiple performance obligations including hardware, software, installation services, training, and maintenance. Significant judgment may be required by the Company in determining revenue recognition specific to these contracts with multiple performance obligations, and includes the following:




?

Assessing collectability of contracts with customers.


?

Determination of whether hardware, software, installation services, training, and maintenance are considered distinct performance obligations that should be accounted for separately or combined as one unit of accounting.


?

Determination of stand-alone selling prices for each distinct performance obligation, particularly for performance obligations not sold separately.



Given these factors, the related audit effort in evaluating management’s judgments in determining revenue recognition for these customer agreements was extensive and required a high degree of auditor judgment.



How We Addressed the Matter in Our Audit



Our audit procedures related to revenue recognition included the following, among others:




?

We evaluated the Company’s accounting policies and related disclosures for compliance with applicable revenue recognition accounting guidance.


?

We obtained an understanding of the design and implementation of internal controls related to the Company’s revenue recognition process, including the assessment of collectability, identification of performance obligations and allocation of transaction price.


?

We selected a sample of transactions and performed the following procedures:


o

Tested the existence and accuracy of the transaction by obtaining and agreeing terms to the underlying source documents.


o

Evaluated management’s identification of distinct performance obligations and management’s determination of the standalone selling prices.


o

We tested management’s assessment of collectability by obtaining an understanding of the facts and circumstances considered, and judgments applied.


o

Evaluated whether the transaction was accounted for in accordance with the Company’s revenue and related costs policies.



/s/ Boulay PLLP



We have served as the Company’s auditor since 2015.



Minneapolis, Minnesota

March 31, 2021

 

Complete report with spreadsheet is at https://www.casinotrac.com/investors/

S&P Gaming Inc. chooses Table Trac's CasinoTrac system

MINNETONKA, Minn., Jan. 21, 2021 /PRNewswire/ -- S&P Gaming Inc. of Elko Nevada has contracted with Table Trac, Inc. (OTCQX: TBTC) to replace their existing online slot system with the CasinoTrac system. The Watering Hole joins the ever-growing number of Nevada casinos that have installed Table Trac's casino management system.

The Watering Hole is located in Spring Creek Nevada. "The Watering Hole, where the locals love to play," said owner, Pete Lusich.

Chad Hoehne, President of Table Trac, Inc. stated, "Welcome to the Watering Hole, the latest to join our group of Nevada customers who's trust we greatly value. Our number one goal is to make our system easy to use, easy to train and easy to own, with our full commitment to service and value."

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has over 150 systems installed in North, South, and Central America, as well as in Australia and the Caribbean. More information is available at http://www.tabletrac.com/.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

Mark Twain Saloon and Casino of Virginia City, Nevada Chooses CasinoTrac Management System

MINNETONKA, Minn.Jan. 4, 2021 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC) announced today that it will install its CasinoTrac system and provide services to enhance the player experience at The Mark Twain Saloon and Casino.

The Mark Twain Saloon & Casino has been tucked away along the boardwalk in Virginia City's Comstock Lode Mining District for more than 47 years. Home to the Gallery of Gunslingers and the "Face on the Barroom Floor", it's a great place to stop by for drinks and to try your luck at a game of chance. Virginia City's only 24-hour Saloon and Gambling Hall! The Mark Twain Saloon & Casino was built in 1863 and is one of less than 10 percent of buildings that survived the "Great Conflagration (fire) of 1875?. In 1971 Dee Schafer bought the building and became the first-or-second woman to receive a non-restricted gaming license in the state of Nevada. Today the Mark Twain is Virginia City's preferred stop for gambling. It features an exceptionally convivial staff as a player's club with many promotions to benefit the gambler.

"Our property is excited to partner with Table Trac, Inc. to continue to improve our operations. We identified a clear need to upgrade our player tracking and accounting capabilities and CasinoTrac was the clear choice," said Emily Schafer, General Manager of the Mark Twain Saloon and Casino.

 

Chad Hoehne, President of Table Trac Inc. said, "We are pleased to have The Mark Twain Saloon and Casino joining our growing list of casino system customers. We care about making our system easy to use and easy to own, with a commitment to service and value."

Table Trac Receives Patent For Keystone Technologies Supporting Touchless/Cashless Usage In Casinos

The United States Patent Office granted Table Trac, Inc. (OTCQX: TBTC) a patent for SYSTEMS AND METHODS OF FACILITATING INTERACTIONS BETWEEN AN ELECTRONIC GAMING MACHINE, GAME PLAYER, AND A CONTROL SYSTEM, a patent providing for touchless secure monetary management at gaming machines.

The patent is embodied in a mobile application that facilitates cashless functionality to the gaming industry in a touch-free manner. Our Approach gives mobile applications using this technology the ability to allow game players to perform a series of actions that would normally be done on gaming machines using their personal devices. These functions include moving funds from their casino accounts onto games. In addition, promotional events with awarded promotional credits can be added to games for extended play.

"It is timely that this patent has been issued now. Table Trac Inc has been responsive in providing gaming floor technologies to address concerns raised in the era of COVID-19, including Dynamic Auto Social Distancing software and Clean/Disinfect shutoff and mapping software for our CasinoTrac CMS system customers," said Chad Hoehne, President & CEO at Table Trac Inc. "This new patent showcases our unique approach to providing this technology, and we look forward to partnering with others in the industry in providing patrons with options to play safely."

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops, and sells casino information and management systems. The company has over 190 systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.com/.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

SOURCE Table Trac, Inc.


Related Links
http://www.tabletrac.com

TableTrac to Install CasinoTrac Management System at the Carson Nugget in Carson City, Nevada

MINNETONKA, Minn., Sept. 18, 2020 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC) announced today that the Carson Nugget in Carson City Nevada, has elected to replace and upgrade its old casino management system with Table Trac, Inc.'s CasinoTrac.

Carson Nugget casino is located on the main street of Carson City by the Nevada State Capitol Building.  The property showcases a newly remodeled slot floor featuring spacious responsible distancing between games, table games, keno, three restaurants, meeting spaces and a hotel. Carson Nugget opened March 1, 1954 when they served the first Awful Awful Burger (the sandwich has come to be something of a local delicacy) for only 55 cents.  The Carson Nugget is a historic must visit destination and is now the oldest continually operating Casino in Carson City, Nevada.

"We have been very happy with the CasinoTrac system and are both eager and excited to expand our relationship to the historic Carson Nugget," said Dean DiLullo, CEO of the Carson Nugget.

Chad Hoehne, President and CEO of Table Trac Inc said, "Being a small part of keeping this legendary casino in downtown Carson City vibrant and modern, with the latest in player club systems technology is really an honor.  I want to thank Dean DiLullo for trusting Table Trac Inc. to provide the gaming systems serving this Nevada landmark."

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino management systems. CasinoTrac is currently operating in casinos across 13 countries including the United States, Central and South America, the Caribbean, and Australia.

 

More information is available at 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.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

SOURCE Table Trac, Inc.

Strategic Gaming Management, LLC Chooses Table Trac

MINNETONKA, Minn. - Strategic Gaming Management, LLC of Lovelock Nevada has contracted with Table Trac, Inc. (OTCQX: TBTC) to replace their existing online slot system with the CasinoTrac system. The Big Wheel Casino joins the growing number of Nevada casinos that have chosen Table Trac's casino management system.

The Big Wheel Casino was the first casino in Lovelock, NV to offer a Players Club with Free Play Rewards. The CasinoTrac system will provide the Big Wheel Casino with new exciting ways to win and receive extra rewards.

Chad Hoehne, President of Table Trac, Inc. stated, "I am very pleased to welcome the Big Wheel Casino to our group of satisfied customers whose trust we greatly value.  Our number one goal is to make our system easy to use, easy to train and easy to own, with our full commitment to service and value."

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has over 150 systems installed in North, South, and Central America, as well as in Australia and the Caribbean.  More information is available at www.tabletrac.com.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

Royal River Casino Selects Table Trac's Table Games Management System

MINNETONKA, Minn., July 6, 2020 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, today announced it will provide its Table Games Management System for the Royal River Casino located in Flandreau South Dakota.

"Our property is excited to partner with Table Trac to continue to improve our operations. We identified a clear need to upgrade our player tracking and accounting capabilities in our table games department. Accordingly, after reviewing the majority of the systems available, CasinoTrac was a clear winner for our property," said Tim Morrissey, Senior Director or Operations at Royal River Casino & Hotel. "Our Executive Team was extremely impressed with the ease of operation for the front-end user of the system. We also see future value in the dynamic nature of the CasinoTrac System to integrate with our current systems while leaving the door open to add additional module in the future." Morrissey added that "In addition to the CasinoTrac system providing the functionality the property was looking for, the CasinoTrac Team approached the property as a partner, looking to solve our problem and be part of the long-term success of the property, something we are always looking for in our vendors."

"Royal River Casino had a unique set of requirements. They communicated exactly how they wanted to approach the solution, we listened and were able to demonstrate how they could utilize features in the CasinoTrac system to accomplish those objectives," said Table Trac's Chief Executive Officer, Chad Hoehne who added, "Table Trac, Inc. is happy to be partnering with Royal River for these system solutions."

Table Trac will provide the Royal River Casino with a complete suite of table games management products that assists casinos in driving player revenues and creating player loyalty, which are included standard with every Table Trac Table Games Management System.

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.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

CASINOTRAC MANAGEMENT SYSTEM CHOSEN BY JACKPOT CROSSING CASINO OF FERNLEY NEVADA

MINNETONKA, Minn., June 05, 2020 (GLOBE NEWSWIRE) -- The Jackpot Crossing Casino in Fernley Nevada has chosen to replace their existing Casino Management System (CMS) with Table Trac Inc.’s (OTCQX: TBTC) CasinoTrac system.

With 4.5 Stars on Trip Adviser, Jackpot Crossing Casino located at 206 Logan Lane Fernley, Nevada has been the areas go-to casino with a wide-variety of slot machines, table games, live poker, sports wagering, live keno, and dining options.  To further enhance the player experience, they are adding a new CasinoTrac system to provide players a new players club which supports new exciting ways to win and receive extra rewards.

Chad Hoehne, President of Table Trac Inc. said “Genuine responsiveness to our casino customer’s needs from our support and development teams is building a better ownership experience for our casino customers.  U.S. based experts that solve problems helps CasinoTrac build and maintain an ever growing number of casino customers.  We are proud to be recognized for this by Stillwater Gaming.”

“Table Trac is a special company in today’s environment.  Unlike so many other companies who are distracted and focused on their own interests, Table Trac is focused on the operators and more importantly the casino guests.” Said Scott Tate, Stillwater Gaming, LLC.  

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. More information is available at http://www.tabletrac.com/.

 

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

FERNLEY NUGGET CASINO OF FERNLEY NEVADA CHOOSES CASINOTRAC MANAGEMENT SYSTEM

MINNETONKA, Minn., June 03, 2020 (GLOBE NEWSWIRE) -- The Fernley Nugget Casino in Fernley Nevada has chosen to replace their existing Casino Management System (CMS) with Table Trac Inc.’s (OTCQX: TBTC) CasinoTrac system.

Fernley Nugget Casino is located at 1190 East Main Street, Fernley, Nevada. The site provides guests a wide-variety of slot machines, table games, live poker, sports wagering, live keno, and dining options.  A new state of the art players club and new exciting ways to win and receive extra rewards is being added with the addition of the new CasinoTrac system.

“CasinoTrac’s full featured online CMS system for customer facing and back of the house casino operations is gaining a reputation for reliability and value for casino operators.  We are proud to be able to serve the Fernley Nugget Casino with that reliability and value.” said Chad Hoehne, President of Table Trac Inc.

“When I think about CasinoTrac, I see an absolute great value.   The system is developed and supported by professionals who are truly focused on the end user – casino guests.” Said Scott Tate, Stillwater Gaming, LLC.  “I particularly like the fact that Casino Trac is a company dedicated completely to gaming systems.   That focus appears to be what drives the quality of the system and the culture of the Casino Trac Team.”  

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. More information is available at http://www.tabletrac.com/.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

Table Trac, Inc. Receives Positive Feedback On Its Dynamic Auto Social Distance Products Used In Recent Casino Reopenings

MINNETONKA, Minn.June 2, 2020 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC) is proud to announce the affirming response to its proprietary and patent-pending Dynamic Auto Social Distancing (DASD) solution. DASD helps to automate social distancing at games and supports the enhanced sanitization protocols and guidelines in light of the Covid-19 pandemic. Table Trac was the first to develop and deploy these advanced technology solutions in live gaming casinos to help safely reopen those casinos.

In the month of May we supported casino reopenings for fifteen (15) of Table Trac's customers, across the US and Caribbean, as they welcomed their guests back in a smooth and socially responsible manner with the assistance of DASD and the innovations from Table Trac. For many jurisdictions, June marks the relaunching of their properties, and Table Trac will be assisting properties across NevadaIowa, and California to reopen responsibly.

Game availability and selection is a difficult challenge for casinos as they contemplate having to place games out of service on their floor to make the space socially distant. CasinoTrac's DASD program changes this by allowing guests to begin playing at any game while enforcing the social distance rules by dynamically placing the surrounding games out of service for other patrons. Casinos can continue to maintain the diversity of game offerings for their players by keeping all of their games in service and ensuring a player's favorite slot machine is still available. Automated alerts assist in the identification of games requiring sanitization, eliminating the task of searching for games that have recently been played.

DASD programs have been reviewed and permitted for use by the Nevada Gaming Control Board for the use of the product in Nevada casinos.

"Table Trac is committed to innovation and providing solutions that help our partners successfully adapt to the changing world we are now experiencing," stated Table Trac President, Chad Hoehne.

About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops, and sells casino information and management systems. The company has over 190 systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.com/.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

SOURCE Table Trac, Inc.

Table Trac's Automated Social Distancing On Electronic Gaming Machines Product Patent-Pending

MINNETONKA, Minn., May 5, 2020 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC) ("Table Trac, Inc" or the "Company"), an international software company focused on casino management systems is pleased to announce the filing of an important patent application with the United States Patent and Trademark Office for Table Trac's Dynamic Automated Social Distancing on electronic gaming machines.

"We are excited to announce that Table Trac has been granted patent pending status for our innovated product and will continue to take steps to protect the intellectual property," said Chad Hoehne, CEO and President of Table Trac, Inc.  "As we review the new guidelines, policies and procedures as mandated from all gaming jurisdictions, we see this new product as an inexpensive and expeditious solution to assist our customers as they responsibly reopen."

The recent patent application covers innovative means to responsibly reopen our casinos.  Game availability and selection is a difficult challenge for casinos as they contemplate having to place games out of service on their floor to make the space socially distant.  Table Trac's Dynamic Automated Social Distance changes this by allowing guests to begin play at any game, and the system will dynamically place the surrounding games out of service for other patrons, thus enforcing the distance rules without having their favorite game out of service.

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has over 190 systems installed in North, South, and Central America, as well as Australia and the Caribbean.  More information is available at http://www.tabletrac.com/.

For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877

Table Trac Develops Innovations for Responsible Casino Re-opening

MINNETONKA, MN, April 28, 2020 – Table Trac, Inc. (OTCQX: TBTC) announces the introduction of a portfolio of Casino Management System solutions that support our client’s needs to provide a safe and socially responsible gaming experience for their patrons.

Using live casino floor occupancy data, CasinoTrac CMS provides a live feed for digital signage, outdoor and website that assists and updates operators who determine the safe number of additional guests which can be allowed onto the gaming floor.  Designed for display at the entry of the casino, the continuously updated signage will inform waiting guests and security on admittance. 

Game availability and selection is a difficult challenge for casinos as they contemplate having to place games out of service on their floor to make the space socially distant.  CasinoTrac’s Dynamic Automated Social Distance Algorithm changes this by allowing guests to begin play at any game, and the system will dynamically place the surrounding games out of service for other patrons, thus enforcing the distance rules without having their favorite game out of service.

Cleaning and Disinfecting of games that have been in play is an important part of responsible re-opening procedures.  CasinoTrac CMS has added a Clean and Disinfect (C&D) map which highlights games where play has recently ended and guiding the property to service that machine.  Casino cleaning staff uses their ID at the game to provide feedback and statistics on the cleanliness of the gaming floor for staff and management.

“We are always committed to developing and providing value for our customers with products and ideas to enhance the casino experience, but there was even a higher level of urgency to innovate a solution in this environment. We are demonstrating our effectiveness in the collective industry effort to responsibly reopen the casinos.” Stated Chad Hoehne, CEO and President of Table Trac, Inc.

About Table Trac, Inc.

 

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has over 190 systems installed in North, South, and Central America, as well as Australia and the Caribbean.  More information is available at http://www.tabletrac.com/.

For more information:

Robert Siqveland

Table Trac, Inc.

952-548-8877