TransAct Engages BofA Securities for Strategic Review of Cash-Flow Positive Casino and Gaming Business

TransAct Technologies Inc. has begun a formal strategic review of its casino and gaming business to explore options for maximizing shareholder value. The company, a supplier of slot machine printers, casino floor management software, and food safety management technology, has engaged BofA Securities as financial adviser, citing the bank’s experience in the casino and gaming market and its longstanding relationship with TransAct.

The board set no timeline for the review. TransAct stated there can be no assurance that the process will result in a transaction or other strategic result, and it will not disclose developments unless the board approves a specific transaction or course of action.

Second-Quarter Performance

TransAct reported a net loss of $50,000 for the three months ended June 30, narrowing from a $143,000 loss a year earlier. Net sales rose 1.1% to $13.9 million, while adjusted EBITDA rose 7.5% to $514,000. The casino and gaming segment generated just over $7.3 million in sales, a 4.1% year-on-year decline that included a $1 million reduction related to customer tariff surcharge refunds.

Excluding that impact, company-wide net sales would have reached approximately $14.9 million, an 8% year-over-year increase. Casino and gaming sales would have been nearly $8.3 million, up 9%. TransAct maintained its full-year 2026 revenue guidance of $55 million to $57 million while increasing its adjusted EBITDA outlook to $1.5 million to $2 million.

Strategic Options on the Table

John Dillon, TransAct’s chief executive, said casino and gaming had another strong quarter and continues to generate significant cash flow for the company. As first reported by the Times of Casino, the review was prompted by that strength even as the company builds a higher-margin, software-led recurring revenue business in food safety technology. The process carries clear limitations: the board retains full discretion on whether any change is warranted, and the lack of a timeline or mandatory updates leaves shareholders with limited visibility into potential outcomes such as a sale, partnership, or restructuring.

The next development hinges solely on whether the board identifies a path that it believes delivers greater shareholder value than the current structure.

Reporting: Times of Casino

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