TransAct reports decline in gaming business

TransAct reports decline in gaming business

Friday, March 4, 2016 Totally Gaming
The services company saw a decrease in sales in 2015

Gaming industry supplier TransAct Technologies saw a 9.7 per cent year-on-year decline in casino and gaming sales in the fourth quarter of 2015.

The Nasdaq-listed firm, whose casino and gaming product segment includes ticket printers for gaming machines, said that income from the sector during the three months to December 31 was $4.5m, while gaming sales for the full year 2015 declined by 4.3 per cent to $21.8m.

Revenue from the segment – which excludes lottery sales – “was flat on a quarterly sequential basis, as a 40 per cent year-on-year increase in domestic sales of casino printers was more than offset by a decline in international revenue,” the firm said.

“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,” said Bart Shuldman, chairman and chief executive of TransAct.

Shuldman added that earlier this week Epicentral went live on some 1,900 electronic gaming devices at Foxwoods Resort Casino, a tribal-operated casino in Connecticut.

No alternative text provided

Authentic Gaming secures UK expansion

No alternative text provided

CashBet’s Mike Reaves: Setting our sights on Europe’s de facto crypto capital

No alternative text provided

KamaGames embraces cryptocurrency

No alternative text provided

Italian Dignity Decree causes ire

Gaming Products & Services Directory

The essential directory for the gaming industry