Transact Q2 revenue gains 8 percent as international casino sales surge

Transact Technologies said its Q2 net sales rose 8 percent, boosted by surging sales to casinos in Europe, Asia and Australia.

Total sales for the quarter were $14.71 million. Printer and terminal sales volume increased 6 percent to approximately 39 thousand units driven primarily by an 81 percent increase in unit volume from the casino and gaming market.

These increases were partially offset by an 83 percent decline in unit volume from the lottery market. The average selling price of printers and terminals increased 7 percent due primarily to lower lottery printer sales.

International sales increased 221 percent to $3.4 million due primarily to a 267 percent increase in sales in the international casino and gaming market.

Revenue from the casino and gaming market includes sales of thermal ticket printers used in slot machines, video lottery terminals, and other gaming machines that print tickets or receipts instead of issuing coins at casinos and racetracks and other gaming venues worldwide.

The company said its international revenue was led by a 366 percent increase in thermal casino printer sales and a 153 percent increase in off-premise gaming printers in Europe, Australia and Asia.

Transact said the gains were also due to “early success” from the transition away from using a worldwide distributor. It expects sales gains to continue in the second half as it sells directly to slot machine manufacturers and end users.

SHARE
Previous articleDFNN H1 revenue gains 11.5 percent
Next articleTakarakuji lottery revenues on declining path

Related Articles

Macau casino workers to wear mask until March

Suppliers rush to adapt to Covid realities

While the past six months have undoubtedly been devastating for the gaming industry, in just a short space of time suppliers have shown their ability to adapt and react, releasing new products for the new reality and refocusing business models. 

Bonusing and loyalty strategy key to mass-market retention

With Macau continuing to haemorrhage VIP gamblers, there has never been a greater onus on operators in the special administrative region to latch on to the relative predictability afforded by the premium and mass markets.
Transact to provide printers/TITO to Hoiana

Transact to provide printers/TITO to Hoiana

Transact Technologies said that it has been selected by Hoiana Suncity in Vietnam to support the opening of their new casino.
Transact to display at G2E virtual show

Transact to display at G2E virtual show

TransAct virtually showcasing their premium gaming products, which include the Epic Edge casino printer and the Epicentral 4.0 promotional solution at G2E Las Vegas.
Transact’s Epicentral keeps players safe and expands revenue

Transact’s Epicentral keeps players safe and expands revenue

Casinos are working hard to adhere to the new health guidelines, so it is crucial to have products that support social distancing and sanitation.
Transact Technologies

Transact Q1 results down, expects slow recovery of casino market

Transact Technologies reported a widened loss of $1 million for the first quarter ending 31 March 2020, with net sales down 11 percent year-on-year. Adjusted EBITDA was negative $1.0 million in 20Q1, compared to adjusted EBITDA of $1.3 million in the prior-year period. During a conference call, Transact CEO Bart Shuldman said he expects a […]

Transact casino and gaming sales down 19% in 2019

Transact Technologies reported a year-on-year decline in lottery, casino & gaming sales during the year ended December 31, 2019. According to a filing from the company, Transact’s casino and gaming sales fell 19 percent to US$32.5 million. Lottery fell 58.3 percent to $1.3 million in the year. Net sales for the year were $45.7 million, […]

Epic edge & Epicentral 4.0

TransAct looks forward to attending ICE London where they will showcase their leading gaming products, including the Epic Edge TITO printer and Epicentral 4.0. The next-generation Epic Edge is the latest and best choice in ticket in/ ticket out (TITO) printers, offering the highest print quality in the market thanks to its unmatched print resolution […]

Rashid Suliman: Reflecting on the last 20 years of Macau gaming

Rashid Suliman VP – Global Gaming Asia-Pacific, Transact Technologies When did you arrive in Macau and in what capacity? My first trip to Macau was back in early 2006 for a project at Wynn Macau when I was with Orion Art. In August 2011, I joined Transact Technologies and shortly after relocated to Macau with […]