GGB is committed to providing updated news and analysis on our weekly news site, GGBNews.com.

TransAct in Talks with Potential 'Strategic Partners'

TransAct Technologies Inc., a global leader in software-driven technology and printing solutions for high-growth markets, announced an update to its previously announced strategic business review.

The company is actively assessing “strategic alternatives” with the assistance of Roth Capital Partners, LLC, the company’s adviser. According to a press release, “The company has engaged in preliminary discussions with potential strategic partners.

“Additionally, the Board of Directors has formed an independent committee to consider the full range of strategic, operational, and financial alternatives in order to maximize stockholder value, which may include a potential sale of part of or the entire business of the company and the development and implementation of new strategies designed to grow the company’s business.”

“TransAct’s casino business remains a market leader with growth prospects existing globally,” said TransAct CEO John Dillon. “As inventories in the industry normalize, we fully expect the business to continue to produce stable and growing returns.

“While we focus externally on strategic initiatives, we will continue to prioritize internal initiatives that improve and refine operational execution within each functional area of the business.”

    Recent Feature Articles

  • Creating Confidence

    Integrity monitoring in sports betting is crucial, and it’s working

  • Brazil: Ahead of Regulation, at Last

    After years of delays, Brazil and its potentially huge legal market are finally on the horizon. With Brazil being described as the “flavor of the month,” how is the market developing ahead of regulation?

  • The Seminole Model

    The U.S. Supreme Court upheld the Seminoles’ Florida compact giving them a monopoly on sports betting. Can other tribes benefit?

  • Dog Eat Dog

    How Maryland’s legislative defeat has rehashed the question of cannibalization between land-based and digital gaming

  • Smoke on the Water

    Non-smoking trends on the I-5 Corridor in Washington