HAMDEN, Conn.--(BUSINESS WIRE)--
TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct" or "the
Company"), a global leader in software-driven technology and printing
solutions for high-growth markets, announced today that ilani,
Washington State's newest gaming entertainment destination developed by
Salishan-Mohegan LLC in conjunction with the Cowlitz Indian Tribe, has
selected TransAct's industry-leading Epic 950® as its
ticket-in/ticket-out ("TITO") printer of choice. The Epic 950 will
exclusively power the printing needs of the 2,500 slot machines on
ilani's 100,000 square foot casino floor when it opens in late Spring
2017.
The Epic 950 is the global casino industry's TITO printer of choice
thanks to the combination of its proven reliability and TransAct's
unmatched customer support. With a worldwide installed base of more than
500,000 units, the Epic 950's TicketBurst™ technology eliminates
player/ticket interference and reduces attendant calls, allowing for
more efficient slot floor operations. Additionally, the award-winning
Epic 950 is easily integrated into all game types and is fully
compatible with TransAct's Epicentral promotion and bonus print system.
"TransAct is excited to support ilani with our Epic 950 gaming device
printer as the Cowlitz tribe and their development partners prepare to
open their beautiful new casino later this month," said Bart C.
Shuldman, Chairman and Chief Executive Officer of TransAct Technologies.
"With our history of powering the printing needs of casino floors
throughout Washignton, ilani is the latest to recognize that our proven
TITO printer will drive a strong investment return while providing a
path for potential future upgrades. Furthermore, ilani will greatly
benefit from the Epic 950's quality and reliability as well as our
unmatched customer support."
Jeff Walker, Vice President of Gaming Operations at ilani, added,
"Throughout the development of ilani, Washington's premier gaming
entertainment destination, we have sought to work with partners that can
support our goal of creating the region's newest, most innovative casino
floor. As we looked to select a TITO printing vendor to power the latest
assortment of slot gaming options at ilani, TransAct's Epic 950 was a no
brainer, particularly as our team has deep experience with the Epic
950's advanced technology, functionality and reliability. We believe
installing the Epic 950 in our 2,500 slot machines will allow our team
to be more efficient, give us access to TransAct's world class customer
support and provide us with the long-term option to deploy Epicentral as
we deliver a leading-edge casino gaming experience for our guests."
ilani, located in Ridgefield, Washington off Interstate 5 and developed
by Salishan-Mohegan LLC in collaboration with the Cowlitz Indian Tribe,
will feature a 100,000 square foot gaming floor with 2,500 slots and 75
gaming tables. Serving the greater Portland metropolitan area, ilani
will offer a premier gaming, dining, entertainment and meeting
destination with 15 restaurants, bars and retail outlets as well as a
2,500-seat meeting and entertainment venue.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing
software-driven technology and printing solutions for high-growth
markets including food safety, POS automation, casino and gaming,
lottery, mobile and oil and gas. The Company's solutions are designed
from the ground up based on customer requirements and are sold under the
AccuDate™, EPICENTRAL®, Epic®, Ithaca®, RESPONDER and Printrex® brands.
TransAct has over 3.0 million printers and terminals installed around
the world and is committed to providing world-class service, spare parts
and accessories to support its installed product base. Through the
TransAct Services Group, the Company also provides customers with a
complete range of supplies and consumable items both online at http://www.transactsupplies.com
and through its direct sales team. TransAct is headquartered in Hamden,
CT. For more information, please visit http://www.transact-tech.com
or call (203) 859-6800.
Epic is a registered trademark of TRANSACT Technologies Incorporated.
©2017 TRANSACT Technologies Incorporated. All rights reserved.
About ilani
Located on a 156-acre site near La Center, Washington, ilani, developed
by the Cowlitz Tribe and Salishan-Mohegan, a partnership that includes
Mohegan Sun, one of the world's foremost gaming and entertainment
developers and operators, is the West Coast's premier gaming, dining,
entertainment and meeting destination. With 368,000 total square feet,
ilani includes 100,000 square feet of gaming space with 2,500 slots and
75 gaming tables; 15 different restaurants, bars and retail outlets; and
a 2,500-seat meeting and entertainment venue hosting nationally
recognized performances. ilani is slated to open in late spring 2017.
For more information, visit www.ilaniresort.com
and follow ilani on Facebook,
Twitter
and Instagram.
Forward-Looking Statements
Certain statements in this press release include forward-looking
statements. Forward-looking statements generally can be identified by
the use of forward-looking terminology, such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe" or "continue" or the
negative thereof or other similar words. All forward-looking statements
involve risks and uncertainties, including, but not limited to, customer
acceptance and market share gains, both domestically and
internationally, in the face of substantial competition from competitors
that have broader lines of products and greater financial resources; our
competitors introducing new products into the marketplace; our ability
to successfully develop new products; our dependence on significant
customers; our dependence on significant vendors; dependence on contract
manufacturers for the assembly of a large portion of our products in
Asia; our ability to protect intellectual property; our ability to
recruit and retain quality employees as the Company grows; our
dependence on third parties for sales outside the United States,
including Australia, New Zealand, Europe, Latin America and Asia; the
economic and political conditions in the United States, Australia, New
Zealand, Europe, Latin America and Asia; marketplace acceptance of new
products; risks associated with foreign operations; the availability of
third-party components at reasonable prices; price wars or other
significant pricing pressures affecting the Company's products in the
United States or abroad; risks associated with potential future
acquisitions; the risk that our new line of food safety and oil and gas
products will not drive increased adoption by customers; and other risk
factors detailed in TransAct's Annual Report on Form 10-K and other
reports filed with the Securities and Exchange Commission. Actual
results may differ materially from those discussed in, or implied by,
the forward-looking statements. The forward-looking statements speak
only as of the date of this release and the Company assumes no duty to
update them to reflect new, changing or unanticipated events or
circumstances.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170412005172/en/
Investors:
TransAct Technologies Incorporated
Steve
DeMartino, 203-859-6810
President and Chief Financial Officer
or
JCIR
Richard
Land, Joseph Jaffoni, Jim Leahy
212-835-8500
tact@jcir.com
Source: TransAct Technologies Incorporated
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