Financial

TransAct Technologies Evaluating Sale of Casino Business

Posted on: August 12, 2026, 01:04h.

Last updated on: August 12, 2026, 01:04h.

Written by

Todd Shriber Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News...
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Key Points

TransAct Technologies says it hired Bank of America to explore strategic alternatives for its casino unit
Company believes the move could “maximize value” for investors
The firm operates in a niche, but vital corner of the casino arena

TransAct Technologies (NASDAQ: TACT) could shed its casino gaming arm in an effort to generate shareholder value while honing its focus on enterprise software.

TransAct Technologies, one of the leading makers of casino kiosk and slot machine printers, is shopping its casino unit. (Image: Scott Roeben/Vital Vegas)

The Connecticut-based company delivered second-quarter results yesterday, telling investors it hired Bank of America (BofA) Securities to explore alternatives for its casino unit, which accounted for more than half of its quarterly revenue.

“Casino and Gaming also saw another strong quarter. This market continues to generate substantial cash flow and positive results for the business,” said CEO John Dillon in a statement. “We believe the time is right to explore potential strategic options, given the ongoing strength in this market.”

TransAct joins several other companies in the gaming industry that are in the midst of strategic reviews and, as is the case with those explorations of alternatives, TransAct is cautioning investors that there’s no timeline for conclusion of the process nor is there any assurance the evaluation will result in a material transaction.

TransAct Casino Biz Could Be Attractive to Suitors

Many bettors, and plenty of retail investors for that matter, likely aren’t familiar with TransAct by name, but they are familiar with the casino services provided by the company.

TransAct is one of the dominant providers of ticket-in/ticket-out (TITO) printing on gaming devices, such as slot and video poker machines. Its Epicentral software is the “only promotional bonusing suite that targets players in real time with custom coupons while they play.”

It’s a prosaic, though steady business model and one largely free of the volatility associated with the consumer-facing sides of casino and sportsbook operations. Those traits could make the TransAct casino unit attractive to prospective suitors seeking a bolt-on acquisition levering them to an essential side of the gaming industry.

TransAct’s casino customers include Foxwoods Resorts Casino — a tribal gaming venue located in Connecticut — and the Hippodrome Casino in London, among others.

Looks Like a Growth Business

TransAct may be able to fetch multiple bids for the casino unit because it offers growth potential, though that thesis hinges on potential buyers seeing the forest through the trees.

“Turning to Casino and Gaming, revenue in the second quarter was $7.3 million, down approximately 4% from the prior year,” said Dillon on a conference call with analysts. “After adjusting for the tariff-related impact of the refunds, the casino and gaming revenue would have been approximately $8.3 million, approximately up 9% year over year. We saw solid contributions from key original equipment manufacturing (OEM) customers, both domestically and internationally.”

On the back of the second-quarter earnings report, shares of TransAct plunged today, but the stock is up 34.38% year-to-date.

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.