TransAct Technologies Inc reported a 9.7 percent year-on-year decline in casino and gaming sales in the fourth quarter of 2015 to US$4.5 million.
Casino and gaming sales for full year 2015 declined by 4.3 percent to US$21.8 million, the Nasdaq-listed gaming industry supplier said in a Thursday filing.
Revenue from the segment – which excludes lottery sales – “was flat on a quarterly sequential basis, as a 40 percent year-over-year increase in domestic sales of casino printers was more than offset by a decline in international revenue,” the firm said.
TransAct’s casino and gaming product segment includes ticket printers for gaming machines.
“In our casino and gaming business, we remain focused on the growing number of opportunities for our Epicentral promotion and bonusing system while further expanding our domestic casino printer market share,” Bart Shuldman, chairman and chief executive of TransAct, said in a statement.
He added that earlier this week Epicentral went live on approximately 1,900 electronic gaming devices at Foxwoods Resort Casino, in Connecticut, in the United States. The property – a tribal casino – is owned and operated by the Mashantucket Pequot Tribal Nation.
In September, TransAct announced an agreement to integrate Epicentral with Aristocrat Technologies Inc’s Oasis 360 casino management system. TransAct said at the time the goal was to provide casino operators with a comprehensive player reward system.
TransAct’s total net sales revenue for the fourth quarter of 2015 – including non-gaming related segments – was US$12.1 million, down by 1.5 percent in year-on-year terms. Casino and gaming sales were the main contributor, accounting for 37.3 percent of the total.
Net income in the three months ended December 31, 2015 was US$0.5 million compared to a net loss of US$3.0 million in the prior-year period.
TransAct on Monday announced its board of directors had approved a US$5.0 million stock repurchase programme. The share repurchase authorisation expires at the end of 2017.
Apr 23, 2018Net income at Belle Corp rose 9.6 percent in the first quarter, to nearly PHP857.5 million (US$16.4 million) from nearly PHP782. 5 million in the prior-year period, the firm said in a filing to the...
Apr 23, 2018
Jan 04, 2018BMM Testlabs “ticks all the boxes” with regard to its...
Dec 08, 2017The regulated casino industry is well versed in dealing...
Oct 23, 2017The presence of some of the leading cloud computing...
Jul 11, 2017The Tokyo local election setback for Japan’s governing...
Jul 06, 2017A multibillion U.S. dollar casino project on Vietnam’s...
"Aristocrat’s diversified mobile game portfolio approach has the potential to manage risk and monetise better"
Donald Carducci, Shaun Cousins and Shalin Doshi
Analysts at banking group JP Morgan