TransAct Technologies Evaluates Sale of Its Casino Gaming Business
TransAct Technologies is exploring a potential sale of its casino gaming business to unlock shareholder value and focus on enterprise software. The Connecticut-based company said it hired Bank of America Securities to explore alternatives for the casino unit, which generated more than half of its quarterly revenue, while noting no timeline or assurance of a deal. Its Q2 casino revenue fell to $7.3 million, down about 4% year over year.