Software and printing solutions group TransAct Technologies has launched a formal strategic review of its Casino and Gaming business, reviving efforts to assess the company’s future after a broader review was suspended last year.
The gaming technology supplier has appointed BofA Securities as financial adviser. The board could also consider wider strategic alternatives if these are deemed capable of increasing shareholder value.
TransAct has not established a timetable for the process. It also cautioned that the review may not result in a transaction or other strategic outcome, according to its latest preliminary results.
The move comes after the Casino and Gaming business recovered from pandemic-related supply disruptions and subsequent inventory adjustments among gaming equipment manufacturers.
CEO John Dillon said during the company’s second-quarter earnings call that the business had now “stabilized and recovered”.
“The gaming business has been profitable, a cash cow, as it were, in the traditional sense,” Dillon said. “We need to figure out collectively what the best strategy is for that unit.”
He said the review would consider whether TransAct should expand the gaming operation or pursue another option to monetize the asset.
Gaming sales rise after tariff adjustment
Reported Casino and Gaming sales fell 4 percent year-on-year to $7.3 million in the second quarter of 2026. However, the figure included a $1 million reduction related to refunds of tariff surcharges previously collected from customers.
Excluding the adjustment, segment sales would have reached approximately $8.3 million, up 9 percent from the same quarter last year.
Casino and Gaming sales for the first half rose 9 percent to $15.7 million. The unit generated $26.87 million in sales during 2025, an increase of about 32 percent from the previous year.
The latest review follows a broader strategic process that began in late 2023. In June 2024, TransAct said it was considering options including the potential sale of part or all of the company.
The process was suspended in May 2025 due to macroeconomic uncertainty and improving momentum across its businesses.
At group level, second-quarter sales edged up 1 percent to $13.9 million. Food Service Technology sales increased 9 percent to $5.2 million, while TransAct narrowed its net loss to $50,000 from $143,000 a year earlier.
