What can you say about the company’s performance in 2014?
Our year-over-year turnover has remained at better than +10%, even as the growth of the casino market's number of new machine installations has dropped from the astounding early years of TITO. The market is fluid from region to region worldwide. While some properties have failed, others have rapidly filled the space. Additional ticket type applications opportunities have also begun to add to our production volume.
What are your goals and expectations for 2015?
We expect 2015 to be more of the same as 2014 with a few new properties openings later in the year. As I mentioned before, it is a fluid market with one region gaming as another slows, but overall we also see 2015 as a growth year.
What are the plans for next year?
2015 will likely be a year to remember!. We will open our totally new production facilities in our home facility near Green Bay, in Wisconsin. Automation, greatly improved logistics, and higher volume production requirements drove our decision to make this substantial investment for a long term market advantage. We produce tickets by the billions annually and our tickets are distributed worldwide from our two facilities in Green Bay and Phoenix, Arizona. The improved automation, new state of the art production equipment and greatly improved floor space will likely serve us in this location for a few years to come.
Our Phoenix facility will be retooled later this year and then a move to a new expanded location as planned for 2016. A third gaming products facility is on the drawing board for late 2016.
Are you planning on expanding your market by seeking new opportunities?
Yes, we are actively advancing into the instant win gaming markets. We have always participated in this market place, even before the development of the Slot-Ticket business. We see an expanded worldwide market in the games of chance products.
What are your priorities and main concerns for 2015?
The economy is always our foremost concern. Concerns or opportunities are the shifting and re-combining of the gaming OEMs. Obviously, as the gaming market expands, contracts or moves to new dimensions, our business model is impacted.
We don’t see any new, rapid replacement of the ubiquitous TITO cash-out ticket but as we all know, market disruption and divergent technology is always on the way.
Slot-Tickets Worldwide is actively involved in product development that not only serves the gaming market, but other market needs of the direct thermal on-demand printed tags, tickets and labels.