HAMDEN, Conn. and SIOUX CITY, Iowa--(BUSINESS WIRE)--
TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in
market-specific solutions, including printers, terminals, software and
other products for transaction-based and other industries, announced
today that the new Hard Rock Hotel & Casino Sioux City, Iowa will have
the Company's Epic 950® printer installed in all of the new property's
850 slot machines when it opens on August 1, 2014. Owned and operated by
Sioux City Entertainment, a subsidiary of Warner Gaming, the Hard Rock
Hotel & Casino Sioux City is a new fully-integrated gaming resort
featuring slot and table gaming options, a Hard Rock Hotel, live
entertainment venue, and food and beverage options in downtown Sioux
City, Iowa.
TransAct's award-winning Epic 950 thermal printer is increasingly the
ticket-in/ticket-out ("TITO") casino printing solution of choice for
operators thanks to its proven reliability and widespread compatibility.
Installed on over half a million slot machines in hundreds of casinos
worldwide, the Epic 950 printer features TicketBurst™ technology to
eliminate player/ticket interference and is also fully compatible with
TransAct's Epicentral® promotion and bonusing software system.
"Hard Rock Hotel & Casino Sioux City's selection of the Epic 950 as
their exclusive TITO printer represents yet another endorsement of the
advanced features and functionality offered by our industry-leading
casino printing solution," said Bart C. Shuldman, Chairman and Chief
Executive Officer of TransAct Technologies. "The Epic 950 continues to
set the industry standard for quality and reliability and our customers
recognize the strong return they can generate on their investment in
this printing solution. This combination has enabled TransAct to grow
its global casino market share and win new business such as this
exclusive agreement with Sioux City Entertainment, and we are excited to
play a role as the Hard Rock Hotel & Casino brand comes to downtown
Sioux City."
Todd Moyer, General Manager of Hard Rock Hotel & Casino Sioux City,
commented, "As we evaluated TITO printing options for our gaming floor,
the technology and advanced functionality of the Epic 950 clearly
differentiated it from the pack. We are excited to work directly with
TransAct Technologies to bring their best-in-class gaming printer
solution to our new facility in downtown Sioux City as we seek to
deliver a guest experience never before seen in the market. The Hard
Rock Hotel & Casino brand is synonymous with leading-edge entertainment
and we believe the Epic 950 will assist our gaming operations teams as
they deliver on that promise to our customers."
Hard Rock Hotel & Casino Sioux City is being developed through a
partnership between the Missouri River Historical Development and Sioux
City Entertainment, a subsidiary of Warner Gaming. The $128 million Hard
Rock Hotel & Casino Sioux City will be a fully-integrated gaming resort
with 850 slot machines and a variety of table gaming options. In
addition, the 100,000 square-foot facility will include a 54-room Hard
Rock Hotel, Rock Shop, a live-entertainment venue, an outdoor event park
and various food and beverage options.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leader in developing and
manufacturing market-specific solutions, including printers, terminals,
software and other products for transaction-based and other industries.
These industries include casino and gaming, lottery, food safety,
banking, point-of-sale, hospitality, oil and gas, medical and mobile.
Each individual market has distinct, critical requirements for printing
and the transaction is not complete until the receipt and/or ticket is
produced. TransAct printers and products are designed from the ground up
based on market-specific requirements and are sold under the Ithaca®,
RESPONDER, Epic, EPICENTRAL® and Printrex® product brands. TransAct
distributes its printers and terminals through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct has
over 2.5 million printers and terminals installed around the world.
TransAct is also committed to providing world-class printer service,
spare parts, accessories and printing supplies to its growing worldwide
installed base of printers. Through its TransAct Services Group,
TransAct provides a complete range of supplies and consumable items used
in the printing and scanning activities of customers in the hospitality,
banking, retail, gaming, government and oil and gas exploration markets.
Through its webstore, http://www.transactsupplies.com,
and a direct selling team, TransAct addresses the on-line demand for
these products. 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.
©2014 TRANSACT Technologies Incorporated. All rights reserved.
About Hard Rock Hotel & Casino
Hard Rock Hotel & Casino is one of the most iconic and widely
recognizable names and brands worldwide. Accented with an extensive
collection of rare rock-n-roll memorabilia and complemented with the
omnipresent soul of music, Hard Rock Hotels & Casinos are premier
entertainment destinations. In a sea of countless gaming brands, none
represent and celebrate the individuality of its guests and team members
more than the Hard Rock Hotel & Casino. Hard Rock Hotel & Casino Sioux
City is owned by SCE Partners, LLC and operates under license from HRHH
IP, LLC.
About SCE Partners, LLC
SCE Partners, LLC, the developer of Hard Rock Hotel & Casino Sioux City,
is an affiliated company of Warner Gaming, LLC. Other Warner Gaming
companies manage a variety of gaming, entertainment and resort
properties nationwide, including the Hard Rock Hotel & Casino in Las
Vegas, Nevada. For more information about the Hard Rock Hotel & Casino
Sioux City project, visit www.hardrockcasinosiouxcity.com.
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 are 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; our new line of food safety and oil and gas products will
drive increased adoption by customers; the outcome of the lawsuit
between TransAct and Avery Dennison Corporation; and other risk factors
detailed from time to time in TransAct's 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.
Investor Contact:
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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