TransAct Technologies Inc., a supplier of slot machine printers, casino floor management software, and food safety management technology, has begun a formal strategic review of its casino and gaming business, aimed at maximising shareholder value. The board has engaged BofA Securities as financial adviser, citing the bank’s experience in the casino and gaming market and its longstanding relationship with the company.
The review comes as the casino and gaming segment continues to generate cash flow despite a decline in reported second quarter sales. TransAct did not set a timeline for the review and said that there can be no assurance that it will result in a transaction or other strategic result. The company also said it does not aim to disclose developments unless the board approves a specific transaction or course of action. The board will also determine whether disclosure is necessary.
Why TransAct Is Reviewing Its Casino Segment
TransAct said the current strength of the casino and gaming segment prompted the board to examine strategic options. While the review is focused on the casino and gaming part, the board will also look towards strategic alternatives that could bolster shareholder value.
John Dillon, TransAct’s chief executive, said casino and gaming had another strong quarter and continues to generate significant cash flow for the company. The review does not guarantee a sale or other transaction. TransAct said the board will decide whether any change is warranted as the process continues.
Second-Quarter Results and 2026 Outlook
TransAct reported a net loss of $50,000 for the three months ended June 30, narrowing from $143,000 loss in the same period a year prior. Second quarter net sales rose 1.1% year on year 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, down 4.1% year on year. TransAct said the outcome included a $1 million reduction in casino and gaming sales related to customer tariff surcharge refunds.
Excluding that, company-wide net sales would have reached approximately $14.9 million, representing an 8% year-over-year increase. Casino and gaming sales would have been nearly $8.3 million, up 9%. The company also pointed to progress in food safety technology as it builds a higher-margin, software-led recurring revenue business. 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.
That gives TransAct more flexibility in deciding how to position its casino and gaming operations moving forward. TransAct has not indicated whether it is weighing a sale, partnership, restructuring, or another arrangement. The review comes while TransAct continues to describe casino and gaming as a revenue-generating part of its business, which makes the timing notable for shareholders. Management has said its focus is on building recurring revenue through the core technology business and strengthening the growth profile beyond casino and gaming.
The next development depends on whether the board identifies a transaction it believes delivers greater shareholder value.
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