Shares of Table Trac’s (OTCMKTS:TBTC) have been moving within a narrow range over the past sessions. Here are major developments.
On Wednesday, TBTC stock ended flat at $4 with more than 6K shares, compared to its average volume of 3K shares. The stock moved within a range of $3.9000 – 4.0300 after opening trading at $4.02.
About The Company
Table Trac, Inc. (OTCMKTS:TBTC) was founded back in 1995. It develops, designs, and provides casino information and management systems. These are used to automate and keep tabs on the operations of casinos. Systems have been installed in North, South, and Central America, as well as the Caribbean.
Lake of the Torches Resort Casino selects Table Trac’s Table Games Management System
Table Trac, Inc. has announced on June 15, 2022, that it is all set to provide its Table Games Management System for the Lake of the Torches Resort located in Lac Du Flambeau, Wisconsin.
According to Bill Guelcher, CEO at Lake of the Torches Resort Casino, they are elated to collaborate with Table Trac, while simultaneously working on upgrading player tracking and accounting capabilities in the table games department. After scouting all available options, they decided that CasinoTrac was the best fit for their property. He stressed that there is immense future value in the dynamic nature of the CasinoTrac System to integrate with their current systems while having the scope to include additional modules later on. He also stated that apart from providing the necessary functionality, the CasinoTrac team has also approached the property as a partner, and looks forward to building long-term rapport with them, a quality they appreciate in all vendors associated with them.
Table Trac is all set to provide Lake of the Torches Resort Casino with a complete suite of table games management products. They will help casinos to boost player revenues and create player loyalty, which are included as standard with every Table Trac Table Games Management System.
Table Trac’s Chief Executive Officer, Chad Hoehne, has said that the set of requirements at the Lake of the Torches Resort Casino is quite unique. They clearly communicated how to devise a suitable solution, which was taken into account. Thus, they could showcase exactly how features in the CasinoTrac system accomplish those objectives. They are thrilled to expand into Wisconsin by tying up with the Lac du Flambeau Band of Lake Superior Chippewa.
“Our property is excited to partner with Table Trac as we continue to improve our operations. We identified a need to upgrade our player tracking and accounting capabilities in our table games department. After reviewing the available options, CasinoTrac was a clear winner for our property,” said Bill Guelcher, CEO at Lake of the Torches Resort Casino.
TBTC stock is trading above the 20-Day and 50-Day Moving averages of $4.22 and $4.36 respectively. However, the stock is trading above the 200-Day moving average of $3.54.