• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

TransAct reports 27-pct increase in gaming sales

Nov 03, 2016 Newsdesk Industry Talk, Latest News, World  


TransAct reports 27-pct increase in gaming sales

Nasdaq-listed gaming industry supplier TransAct Technologies Inc generated third quarter net sales of US$14.5 million, up by 2.1 percent from US$14.2 million in the third quarter of 2015. Such growth was supported by an increase in revenue from the casino and gaming product segment, the firm said on Wednesday.

The company said casino and gaming net sales in the third quarter of 2016 were US$5.6 million, up by 27.2 percent from the US$4.4 million in the prior-year period. Sales for the period reflected “strong international printer sales and a new international Epicentral installation, partially offset by lower sales to the domestic casino printer market,” TransAct said in its third quarter results announcement.

Net sales of printers for the lottery industry in the three months to September 30 increased by 22.2 percent year-on-year to US$2.2 million, on stronger sales to global gaming and lottery supplier International Game Technology Plc, said TransAct.

“While the global casino and gaming equipment market remains challenged on a macro basis, TransAct is leveraging its leadership position to drive growth and expand market share,” said Bart Shuldman, TransAct’s chairman and chief executive, in a statement.

Mr Shuldman added: “Our innovation and market leadership was reaffirmed late in the third quarter of 2016 with a strong showing at the Global Gaming Expo [G2E] in Las Vegas. In particular, we introduced our new Epic Edge casino ticket printer which… met with an enthusiastic response from casino operators.

“We also demonstrated two new versions of our Epicentral promotion and bonusing print system, including a new version that will allow TransAct to align our promotional and bonusing system directly with existing and future casino slot systems.”

Company wide, TransAct reported third quarter operating income of US$1.2 million, down by 25 percent from the prior-year period. The firm designs, develops and manufactures transaction-based printers for several industries, including the casino and lottery industries.

The U.S.-based company posted net income of US$0.9 million for the three months to September 30, compared to US$1 million a year earlier.

“The cash flow generated by our market-leading casino, gaming and lottery businesses allows us to invest in new, high-margin, technology-driven food safety and restaurant operation opportunities, and we expect to leverage our industry-leading solutions to deliver value for our shareholders in the form of additional growth and capital returns,” said Mr Shuldman.

As of September 30, TransAct said it had approximately US$2.2 million of cash and cash equivalents and no debt.

The company on Monday announced its board of directors declared a quarterly cash dividend of US$0.08 per share. The dividend will be payable on December 15 to shareholders of record at the close of business on November 21.


  • tweet
Related articles
  • Crane 2Q profit doubles y-o-y to US$281mln
    Crane 2Q profit doubles y-o-y to...

    Jul 26, 2022  

  • TransAct quarterly loss widens despite revenue increase
    TransAct quarterly loss widens...

    May 11, 2022  

More news
  • Macau bill still lets junkets process patron cash, chips
    Macau bill still lets junkets process...

    Aug 15, 2022  

  • Success Universe 1H loss to double, Ponte 16 ops improving
    Success Universe 1H loss to double,...

    Aug 15, 2022  


Latest News

Macau bill still lets junkets process patron cash, chips

Macau bill still lets junkets process patron cash, chips

Aug 15, 2022  

Macau plans to allow in future junket operators and their collaborators to deposit cash or gaming chips on behalf of their patrons, provided such processing is only via customer accounts established...
Read More
Success Universe 1H loss to double, Ponte 16 ops improving

Success Universe 1H loss to double, Ponte 16 ops improving

Aug 15, 2022  

Casino op NagaCorp repurchases fraction 2024 senior notes

Casino op NagaCorp repurchases fraction 2024 senior notes

Aug 15, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$9.3 million

Second-quarter gaming sales at Jeju Dream Tower casino resort in South Korea



Most Popular

  • Wenzhou court hears bet crime cases said tied to Alvin ChauWenzhou court hears bet crime cases said tied to Alvin Chau August 12, 2022
  • No-interest play deposits ok for casinos says Macau billNo-interest play deposits ok for casinos says Macau bill August 12, 2022
  • GEN Singapore 1H profit down, sales costs rise 34pctGEN Singapore 1H profit down, sales costs rise 34pct August 12, 2022
  • No criminal action on claims Okada falsified TRLEI docsNo criminal action on claims Okada falsified TRLEI docs August 12, 2022
  • Number of workers in Macau gaming down 4pct q-o-q in 2QNumber of workers in Macau gaming down 4pct q-o-q in 2Q August 12, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us