Table Trac Welcomes Andrew T. Berger to Board

Table Trac appoints industry veteran Andrew T. Berger to its Board of Directors, signaling a new era of strategic growth. With a 125% surge in system revenue and ambitious expansion plans, Table Trac strengthens its leadership team. Berger’s diverse experience and insights are set to drive CasinoTrac‘s market presence and boost the company’s robust financial momentum. Learn how this key addition to the board will shape Table Trac’s trajectory and expand its industry influence.

Table Trac Appoints Andrew T. Berger to Board as It Reports Significant Revenue Growth and Expansion

Table Trac has officially announced the addition of Andrew T. Berger to its Board of Directors, a move that comes at a time when the company is experiencing rapid financial growth and expanding its CasinoTrac system across new markets. The appointment, approved by Table Trac’s board on October 3, 2024, brings Berger’s extensive experience to the forefront as the company continues to solidify its position in the casino systems industry.

Andrew T. Berger is no stranger to boardrooms and executive roles. He has served in leadership positions at multiple companies, most notably as Executive Chair and CEO of Autoscope Technologies Corporation. Berger has also held key roles at Tuesday Morning Corporation and Cosi, demonstrating his ability to navigate diverse industries and drive strategic growth. Currently, he is the Managing Member of AB Value Management, where he focuses on business consultancy and investment management. His multifaceted expertise in leadership, finance, and business strategy is expected to add significant value to Table Trac’s growth journey.

“I look forward to the opportunity to be a member of the Table Trac Board,” Berger stated. “I believe it is a great time to join the Table Trac team, and I am excited to contribute to the expansion and growth of their business.”

Financial Surge and System Expansion

Berger’s appointment coincides with a period of remarkable financial success for Table Trac. The company reported a staggering 125% increase in system revenue for the second quarter of 2024, bringing total revenue to $2 million—a significant leap compared to the same period in 2023. This financial upturn is not limited to revenue alone; the company also saw its net income rise by 41.2% year-over-year, reaching just over $806,000. Additionally, gross profit for the quarter climbed to nearly $2.5 million, a substantial increase from $1.87 million in Q2 2023.

The success isn’t just in numbers; it’s also in Table Trac’s expanding market footprint. The company has been actively deploying its CasinoTrac system to new and existing casino locations, completing two installations during Q2 and holding four customer contracts in the pipeline, most of which are set to be finalized in the coming months. In line with its growth strategy, the company recently signed an additional contract, further accelerating its expansion efforts.

Key Projects and Technological Innovations

A standout project in Table Trac’s recent activities is its collaboration with the WinnaVegas Casino Resort, operated by the Winnebago Tribe of Nebraska. This project includes comprehensive system upgrades, the installation of KioskTrac Loyalty Kiosks, and the integration of cashless wagering technology through CasinoTrac’s KTMobile app. These initiatives not only enhance customer experience but also position Table Trac as a forward-thinking company committed to technological innovation in casino management.

Building on a robust performance in 2023, where the company achieved its highest annual gross profit of $7 million and enjoyed a 42% increase in recurring revenue, Table Trac is clearly gearing up for further success. Berger’s addition to the board is expected to bolster the company’s strategic initiatives and propel its growth in new and existing markets.

Berger’s Strategic Influence

Berger’s extensive background in executive leadership and investment management will provide valuable insights as Table Trac navigates the evolving landscape of the gaming industry. His experience in directing companies through periods of growth and change aligns perfectly with Table Trac’s current trajectory. With his strategic input, the company is well-positioned to leverage its CasinoTrac system and pursue new opportunities in the market.

The appointment of Andrew T. Berger to Table Trac’s Board of Directors comes at a pivotal moment for the company, reflecting its ambition to scale and innovate in the casino systems sector. As Table Trac reports record revenue growth and continues to expand its CasinoTrac footprint, Berger’s expertise will play a crucial role in guiding the company’s next phase of development. With ongoing projects like the WinnaVegas Casino Resort upgrades and an expanding portfolio of customer contracts, Table Trac is poised to solidify its position as a market leader. Berger’s strategic vision will undoubtedly contribute to sustaining the company’s momentum, setting the stage for continued success in the gaming industry.