Recent developments include expansion of CasinoTrac installations across multiple regions, introduction of AI technology for table games, CEO transition, and dividend announcements.

• Table Trac expanded CasinoTrac installations in 2025 to eight new customers across Nevada, New Mexico, Washington, the Caribbean, and Panama, reaching over 115 casino operators and 300 casinos under contract [S1].
• Randy Gilbert was appointed CEO on January 1, 2026, while continuing as CFO [S1].
• The company introduced patent-pending artificial intelligence technology for table games in March 2026 [N8].
• Table Trac announced quarterly and special cash dividends in early 2026 [N8].
• CasinoTrac management system installations were reported at Sugar Creek Casino and Mardi Gras Casino in Las Vegas [N8].

Table Trac’s patented technology and integrated casino management solutions position it well to serve a broad base of casino operators across multiple jurisdictions. Its expanding installed base and recurring revenue streams from maintenance and leasing contracts provide business stability. The company’s strong liquidity and profitability metrics as of mid-2026 support operational resilience. Continued product innovation, including recent AI technology introductions, and geographic expansion could enhance its market position.

The company faces risks from intense competition with larger players possessing greater resources, rapid technological changes that could render products obsolete, and regulatory challenges including licensing and certification requirements. Economic downturns or adverse market conditions affecting casino operators could reduce demand for Table Trac’s products and services. Manufacturing disruptions or inability to retain key personnel could also negatively impact operations. Sovereign immunity issues in tribal and foreign jurisdictions may complicate contract enforcement.

Table Trac’s moat derives from its patented proprietary technology for automating casino table game operations and its comprehensive, integrated Casino Management System that meets strict regulatory and auditing standards. Its established relationships with over 115 casino operators and presence in more than 300 casinos provide a significant installed base and recurring maintenance and leasing revenues. The company’s open architecture allows integration with third-party systems, enhancing its appeal. However, the gaming technology industry is highly competitive with rapid technological change, requiring ongoing innovation to maintain competitive advantage.

• Unpredictable Order Flows: Individual system sales have long sales cycles and unpredictable order volumes, causing revenue fluctuations.
• Economic and Market Risks: Adverse economic conditions, inflation, geopolitical events, pandemics, and regulatory disputes affecting customers can negatively impact demand and payments.
• Regulatory Compliance and Licensing: Failure to obtain or maintain required gaming licenses and certifications could materially affect operations.
• Competition and Technological Change: Intense competition and rapid technological advances require continuous innovation; failure to adapt could harm business.
• Product Defects and Obsolescence: Defects or obsolescence in products could lead to lost customers, returns, regulatory penalties, and reputational damage.
• Manufacturing and Supply Chain Risks: Disruptions or cost increases in manufacturing could impair ability to meet demand or increase expenses.
• Dependence on Key Personnel: Loss of key management or technical staff could adversely affect competitiveness and operations.
• Sovereign Immunity Risks: Contracts with Native American tribes and foreign jurisdictions may be difficult to enforce due to sovereign immunity.

• Table Trac, Inc. is a Nevada corporation formed in 1995 with principal offices in Minnetonka, Minnesota [S1].
• The company develops and sells proprietary casino management systems, including the patented Table Trac system that automates and monitors casino table game operations [S1].
• It offers a unified Casino Management System (CMS) providing end-to-end casino resort functionality such as guest rewards, loyalty marketing, marketing analysis, guest service, promotions, administration, vault/cage management, and audit/accounting [S1].
• Table Trac sells and leases systems and technical support to casinos, with an open architecture designed to interconnect with most third-party software and hardware [S1].
• Key products include modules for player tracking, kiosk promotions, vault and cage controls, and ancillary products [S1].
• The company’s systems comply with strict auditing, accounting, and regulatory requirements applicable to the gaming industry [S1].
• As of end 2025, Table Trac had systems installed with ongoing support and maintenance contracts with over 115 casino operators in more than 300 casinos across the U.S., Australia, Caribbean, Central and South America [S1].
• The company serves gaming establishments in 17 U.S. states and countries in Central and South America, the Caribbean, and Australia [S2].
• Table Trac holds licenses to operate in multiple U.S. states including California, Iowa, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Nevada, West Virginia, and Wisconsin [S1].
• The company designs and manufactures its own slot machine interface boards using third-party electronics assembly firms and maintains relationships with various third-party manufacturers [S1].
• Table Trac holds several U.S. patents related to its gaming systems and technology, including patents granted in 1999, 2020, 2021, and 2022, but has no foreign patents [S1].
• The company had 32 full-time employees as of December 31, 2025 [S1].
• Table Trac operates in a highly competitive gaming management industry characterized by rapid technological advances and dynamic customer demand, requiring continuous product innovation [S1].
• The company’s revenue is derived from system sales, maintenance, leasing, and service contracts [S2].
• For the six months ended June 30, 2026, Table Trac reported revenues of approximately $8.16 million and net income of about $1.98 million [S2].
• Basic earnings per share for the six months ended June 30, 2026 were $0.43 [S2].
• As of June 30, 2026, the company had cash and cash equivalents of approximately $8.15 million and current assets of about $14.04 million, with current liabilities of $0.85 million, resulting in a strong current ratio of 16.56 and cash ratio of 9.62 [S2].
• The company has a $500,000 line of credit renewed through February 2027 with no borrowings outstanding as of March 31, 2026 [S1].
• Table Trac recognizes revenue from system sales, maintenance contracts (typically five years), leasing arrangements, and service and other revenues including promotional programs and equipment sales [S2].
• Maintenance revenue is recognized ratably over the contract period; lease revenue is recognized ratably over the lease term; service revenue is recognized upon completion [S2].
• The company’s customer contracts may include multiple performance obligations requiring judgment in revenue recognition [S2].
• Table Trac’s business is subject to risks including unpredictable order flows, economic and market conditions affecting customers, regulatory compliance, competition, product obsolescence, manufacturing disruptions, and reliance on key personnel [S1].
• The company’s products must be certified or approved in jurisdictions where they operate, and failure to maintain licenses could materially affect operations [S1].
• Table Trac’s systems are designed to meet strict regulatory and auditing standards applicable to the gaming industry [S1].
• The company’s recent developments include expansion of CasinoTrac installations in Nevada, New Mexico, Washington, the Caribbean, and Panama, with 115 casino operators and over 300 casinos under contract at end 2025 [S1].
• Randy Gilbert was appointed CEO on January 1, 2026, while continuing as CFO [S1].
• Table Trac announced quarterly and special cash dividends in early 2026 [N8].
• The company introduced patent-pending artificial intelligence technology for table games in March 2026 [N8].
• Table Trac’s CasinoTrac management system has been installed at multiple casinos including Sugar Creek Casino and Mardi Gras Casino in Las Vegas [N8].