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Table Trac, Inc. Announces Year End Results for 2020

MINNETONKA, Minn., March 31, 2021 /PRNewswire/ — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management sy…

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MINNETONKA, Minn., March 31, 2021 /PRNewswire/ — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos announced financial results for the year ended December 31, 2020.

The 10-K can be found @ https://www.sec.gov

Year End Highlights

  • The CasinoTrac system was installed in 10 locations during 2020. At the end of 2020, the Company had casino management systems, table games management systems and ancillary products installed with on-going support and maintenance contracts with 110 casino operators in over 170 casinos worldwide.
  • The United States Patent Office granted Table Trac, Inc. a patent for SYSTEMS AND METHODS OF FACILITATING INTERACTIONS BETWEEN AN ELECTRONIC GAMING MACHINE, GAME PLAYER, AND A CONTROL SYSTEM, a patent providing for touchless secure monetary management at gaming machines.
  • Announce the affirming response to its proprietary and patent-pending Dynamic Auto Social Distancing (DASD) solution. DASD helps to automate social distancing at games and supports the enhanced sanitization protocols and guidelines in light of the Covid-19 pandemic. Table Trac was the first to develop and deploy these advanced technology solutions in live gaming casinos to help safely reopen those casinos.
  • With the geometric growth of player rewards kiosks in casinos, Table Trac dedicated more resources to the development and deployment of promotional kiosks across multiple gaming platforms. The resources will assist in the development of CasinoTrac’s integrated and stand-alone player rewards kiosk software, KioskTrac. These efforts will lead to the expansion of current promotional offerings and functionality available through the player rewards kiosk to CasinoTrac and other gaming systems customers.

Year-to-Date Financial Results

Overall revenues decreased from $7,908,461 in 2019 to $4,401,441 in 2020 as a result of the COVID-19 pandemic.

Total operating expenses decreased from $4,528,567 in 2019 to $3,670,912 in 2020 a 19% decrease of approximately $860k. This decrease was primarily a result of the Company’s reaction to COVID-19 and cost cutting efforts

The net income for 2020 was $306,893 compared to net income of $805,265 for 2019.

Management Commentary

“In a transformative period for our business and the world, we finished the year strong and are well-positioned to meet our long-term growth goals. During this year, Table Trac Inc has been responsive in providing gaming floor technologies to address concerns raised in the era of COVID-19, including Dynamic Auto Social Distancing software and Clean/Disinfect shutoff and mapping software for our CasinoTrac CMS system customers,” said Chad Hoehne, President & CEO at Table Trac Inc. “This new patent application showcases our unique approach to providing this technology.”

Restatement of prior period financial statements

The restatement reflects adjustments to correct misstatements related to the accounting treatment of revenue recognition accounting guidance under Topic 606.

There was no impact on cash as a result of these misstatements, and as such, the statement of cash flows for the corresponding adjustments reflects an adjustment to net income and to the balance sheet items, resulting in no change to cash flows from operations for all periods impacted.

Earnings per share was not affected by the restatements.

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, Australia as well as the Caribbean. More information is available at https://www.tabletrac.com/.

Forward Looking Statements

This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.

For more information:
Randy Gilbert
Table Trac, Inc.
952-548-8877

Cision View original content:https://www.prnewswire.com/news-releases/table-trac-inc-announces-year-end-results-for-2020-301260001.html

SOURCE Table Trac, Inc.

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

Year-to-Date Financial Results

Source: https://markets.businessinsider.com/news/stocks/table-trac-inc-announces-year-end-results-for-2020-1030265728

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A 29-year-old crypto billionaire who’s made millions from digital-currency arbitrage shares 2 tips for investors looking to get started in trading- and explains why ether is unlikely to surpass…

Sam Bankman-Fried, the founder of FTX and Alameda Research. FTX Sam Bankman-Fried became a billionaire through leveraging a cryptocurrency arb…

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Sam Bankman-Fried, founder of FTX and Alameda ResearchSam Bankman-Fried, the founder of FTX and Alameda Research.

FTX

  • Sam Bankman-Fried became a billionaire through leveraging a cryptocurrency arbitrage strategy.
  • Bankman-Fried now runs a leading derivative cryptocurrency exchange, FTX.
  • He shares his tips for crypto trading and his outlook on bitcoin vs. ether.
  • See more stories on Insider’s business page.

Sam Bankman-Fried is a cofounder of the cryptocurrency exchange FTX and a legend in the world of crypto trading.

His crypto arbitrage strategy netted him 10% daily returns on million-dollar crypto trades, helping him to accumulate a net worth that placed him on Forbes’ list of cryptocurrency billionaires at just 29 years old.

Although Bankman-Fried’s wealth provides him with more than enough money to retire comfortably on a faraway island, he instead dedicates his time to building the ultimate cryptocurrency exchange for traders.

His goal is to create an alternative to the “s—show exchanges” that existed when he was trading in 2017 and 2018, Bankman-Fried said in an interview with Insider.

“We thought the odds are pretty high that we would fail on the exchange because we thought we would just never get any users and that would be that, but it seemed high enough upside that it was worth going for anyway,” Bankman-Fried said.

Within two years, FTX went from relatively unknown to one of the top five derivative-trading exchanges, with more than $400 billion in monthly trading volume in April.

FTX changed the trading game by enabling the management of collateral through a single wallet. This meant traders could trade anything on FTX through one margin wallet, as long as they had enough collateral to meet their total position size.

“It’s one of the rare times that you find a change, which both simplifies the product and makes it more powerful,” Bankman-Fried said.

Some might assume that, by simplifying the collateralization process, FTX would face more risk when it comes to liquidations, a process that occurs when traders don’t have enough collateral to support their position.

Yet when a recent flash crash caused a 17% drop in the value of bitcoin and liquidations worth $9.3 billion on April 17, FTX fared better than most.

The platform is designed to discourage mass liquidations by limiting the size of the positions traders can put on with really high leverage and having an engine that liquidates only as much as it needs to, Bankman-Fried said.

Total liquidations graph from ByBtTotal liquidations graph from ByBt.

ByBt

Crypto trading tips

There is fierce competition from other traders in the cryptocurrency market, and breaking in is hard, Bankman-Fried said. “It’s not a super forgiving place to try and get into,” he said.

First, get to know the market by learning from the experts. Bankman-Fried spent several years learning his craft at the trading firm Jane Street.

Second, try to figure out what edge you have, such as great technology or a good instinct for the direction of the market, he said.

“I think one of the interesting things is the blurring line between trader and an investor in crypto,” Bankman-Fried said.

Bankman-Fried’s approach to trading is evolving. He has formed an appreciation for how great crypto investors have been able to operate in different market environments and is spending more time thinking about strategies that set him up well for future cycles, something he said he didn’t have great instincts for previously.

“Often, a lot of the upside is in the cases where the bull market stays. That’s where you should be focusing a lot of your thoughts because that’s where it matters the most what you do,” Bankman-Fried said. “But with the caveat that you have to make sure that you don’t f— yourself over if there’s a temporary bear market, that you don’t put yourself in a position where you can’t survive that.”

Bitcoin vs. ether

The most-traded cryptocurrency is bitcoin, which has a market capitalization near $1 trillion. In recent weeks, the Ethereum blockchain’s native currency, ether, has arguably made its case as a challenger to bitcoin, as the currency has surged more than 100% in price since the start of April with a market capitalization of $450 billion.

Bitcoin’s 93% gain so far this year has been dwarfed by ether’s 450% increase in that time. The Ethereum network houses a variety of decentralized finance applications, including nonfungible tokens, or NFTs, which have been all the rage among artists and celebrities. The multiple uses of the network, plus the fact that its carbon footprint is considerably smaller than that of bitcoin, have burnished ether’s popularity.

Bankman-Fried said he would be surprised to see ether overtake bitcoin, considering bitcoin has the massive advantage of being the first and agreed-upon default cryptocurrency, which is worth a lot.

For all its diverse uses, Ethereum has its own issues, such as serious scaling challenges, which are going to hold it back, Bankman-Fried said.

“It’s hard for me to see ether displacing bitcoin, although I could be wrong there,” he said.

Sam Bankman-Fried is a cofounder of the cryptocurrency exchange FTX and a legend in the world of crypto trading.

Source: https://markets.businessinsider.com/currencies/news/crypto-trading-tips-ethereum-outlook-young-billionaire-sam-bankman-fried-2021-5-1030415441

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Dogecoin plummets during Elon Musk’s ‘Saturday Night Live’ hosting gig as Robinhood experiences issues

Miley Cyrus was the musical guest on "SNL," while Elon Musk hosted. NBC/Getty Images The value of the cryptocurrency Dogecoin fell dur…

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Miley Cyrus Elon Musk SNLMiley Cyrus was the musical guest on “SNL,” while Elon Musk hosted.

NBC/Getty Images

  • The value of the cryptocurrency Dogecoin fell during Elon Musk’s episode of “Saturday Night Live.”
  • At the same time, Robinhood tweeted that its app was experiencing difficulties with trading.
  • Robinhood declined to comment on whether the difficulty was due to changes in trading during “SNL.”
  • See more stories on Insider’s business page.

Dogecoin’s stock price fell during billionaire Elon Musk’s appearance on “Saturday Night Live” on May 9.

The cryptocurrency, which started as a joke in 2013 but recently gained popularity with Musk’s vocal support, fell to about $0.5 around 12:30 a.m. early Sunday morning, according to Coindesk, but the price steadily picked up as the show went on.

Musk touted Dogecoin during his appearance on the show’s “Weekend Update” sketch, saying the cryptocurrency would “take over the world” and calling himself the “Dogefather.”

At the same time, Robinhood, the multi-billion dollar stock trading app, said the platform was experiencing issues with crypto-trading.

“Update: We’re currently experiencing issues with crypto trading,” Robinhood tweeted during Musk’s performance. “We’re working to resolve this as soon as possible.”

-Robinhood Help (@AskRobinhood) May 9, 2021

Robinhood told Insider that the platform’s crypto-trading was “back up and running” about 30 minutes after it first reported difficulties. Robinhood declined to comment on whether the issues were tied to the “SNL” performance.

-Robinhood Help (@AskRobinhood) May 9, 2021

Dogecoin was originated in 2013 by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer.

This year, Dogecoin has had more than a 12,000% year-to-date rally, and spiked the week prior to Musk’s hosting gig on “Saturday Night Live.” The Reddit group Wall Street Bets, which cheered an unlikely rally of GameStop stock earlier this year, has also championed Dogecoin.

Source: https://markets.businessinsider.com/currencies/news/dogecoin-drop-robinhood-down-elon-musk-snl-episode-2021-5-1030405331

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Spark Networks Announces Conference Call to Discuss First Quarter 2021 Results

BERLIN, May 5, 2021 /PRNewswire/ — Spark Networks SE (NYSE: LOV), one of the world’s leading online dating companies, announced today that the co…

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BERLIN, May 5, 2021 /PRNewswire/ — Spark Networks SE (NYSE: LOV), one of the world’s leading online dating companies, announced today that the company will hold a conference call to discuss First Quarter 2021 financial results on Monday, May 17, 2021 at 10:00 am ET.

(PRNewsfoto/Spark Networks SE)

Dial-in Information
Call Title: Spark Networks SE First Quarter 2021 Earnings Conference Call
Toll Free: 1-877-705-6003
Toll/International: 1-201-493-6725
Germany Toll-Free: 0 800-182-0040

In addition, the Company will host a webcast of the call which will be accessible in the Investor Relations section of the Company’s website at https://investor.spark.net/investor-relations/home. A replay will begin approximately three hours after completion of the call and run until May 31, 2021.

Replay Information
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13719604

About Spark Networks SE:
Spark Networks SE is America’s second largest dating company, listed on the New York Stock Exchange American under the ticker symbol “LOV,” with headquarters in Berlin, Germany, and offices in New York and Utah. The Company’s widening portfolio of premium and freemium dating apps include Zoosk, EliteSingles, Christian Mingle, Jdate, JSwipe, SilverSingles and eDarling, among others. Spark Networks SE in its current form is the result of the merger between Affinitas GmbH and Spark Networks, Inc. in 2017 and the addition of Zoosk, Inc. in 2019. Spark Networks has approximately one million monthly paying subscribers globally.

Safe Harbor Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, statements involving known and unknown risks, uncertainties, and other factors that may cause Spark Networks’ performance or achievements to be materially different from those of any expected future results, performance, or achievements. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Written words, such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates,” and variations thereof, or the use of future tense, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially, including, but not limited to, the risk that the benefits from the acquisition of Zoosk, Inc. may not be fully realized or may take longer to realize than expected; risks related to the degree of competition in the markets in which Spark Networks operates; risks related to the ability of Spark Networks to retain and hire key personnel; the timing and market acceptance of new products introduced by Spark Networks’ competitors; Spark Networks’ ability to identify potential acquisitions; Spark Networks’ ability to comply with new and evolving regulations relating to data protection and data privacy; general competition and price measures in the market place; risks related to the duration and severity of Covid-19 and its impact on Spark Networks’ business; and general economic conditions. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” in Spark Networks’ Annual Report on Form 20-F for the year ended December 31, 2019 and in other sections of Spark Networks’ filings with the Securities and Exchange Commission (“SEC”), and in Spark Networks’ other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to Spark Networks as of the date hereof, and Spark Networks assumes no obligation to update any forward-looking statement except as required by law.

Contact:
Christopher Camarra
Vice President of Investor Relations
[email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/spark-networks-announces-conference-call-to-discuss-first-quarter-2021-results-301284505.html

SOURCE Spark Networks SE

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

Source: https://markets.businessinsider.com/news/stocks/spark-networks-announces-conference-call-to-discuss-first-quarter-2021-results-1030391112

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