The company said casino and gaming net sales in the fourth
quarter of 2016 were US$ 4.8 million, up by 6.3 % from the prior-year period. Sales
for the period reflected a "flat” performance in the United States and "higher
printer shipments to international markets,” the firm noted in a press release.
Sales of printers for the lottery industry in the three months to December 31 soared by 271.2 % year-on-year to US$ 2.6 million, "due to the timing of shipments” to global gaming and lottery supplier International Game Technology, TransAct’s primary lottery customer.
"TransAct continues to be a leader in the global casino and gaming equipment market with solid market share for casino, gaming and lottery printers,” said Bart Shuldman, TransAct’s chairman and chief executive, in a statement.
Shuldman added: "We expect to benefit from this leadership position in the year ahead, particularly as we begin shipments of our new Epic Edge casino ticket printer and continue to gain traction with our Epicentral bonusing solution.”
TransAct had total net sales of US$ 57.2 million in calendar year 2016, down 4.1 % year-on-year. Net income for the 12 months ended December 31 was US$3.6 million compared to US$3.1 million in 2015.
Source: GMB / GGR Asia
