Table Trac, Inc. (OTCQX: TBTC) announced that Chief Executive Officer Chad Hoehne will step down from the CEO role and assume the positions of President and Chief Technology Officer, effective January 1 2026. Chief Financial Officer Randy Gilbert will take over as the company’s new CEO, a move the board says will bring operational discipline and a growth‑oriented mindset to the organization.
The transition reflects Table Trac’s strategy to double down on artificial‑intelligence initiatives for its CasinoTrac casino‑management platform while keeping the company’s core operations on a disciplined growth path. Hoehne, the founder and long‑time technology lead, will focus on product development, AI integration, and long‑term technology strategy, while Gilbert will drive execution, market expansion, and financial performance.
Table Trac’s most recent quarterly results, released in November 2025, showed a 15.5% year‑over‑year decline in revenue to $2.14 million, down from $2.55 million in Q3 2024. Net income fell to $58,352 from $292,379, but gross profit margin improved to 73.7% from 70.7% in the prior year. The company had a single system backlog scheduled for installation in Q1 2026, indicating a modest pipeline of new contracts. The margin expansion is largely attributable to a higher mix of high‑margin AI‑enabled contracts and improved operational leverage as revenue scales, offsetting the revenue decline caused by a slowdown in legacy casino‑management deployments.
By placing Hoehne in charge of technology and Gilbert in charge of growth, Table Trac is aligning its leadership structure with its dual priorities: accelerating AI‑driven product innovation and expanding market share. Hoehne’s focus on AI is expected to unlock new revenue streams and improve operational efficiency for casino operators, while Gilbert’s experience in financial management is intended to tighten cost controls and accelerate contract wins. The board’s decision signals confidence that the company can sustain its margin gains while pursuing a higher‑growth trajectory.
The leadership change comes at a time when the casino‑management software market is increasingly competitive and technology‑centric. Table Trac’s investment in a fully MCP‑capable API for AI agents positions it to capture demand from operators looking to integrate advanced analytics and automation. The company’s 2024 revenue growth of 17.68% and continued focus on AI suggest a strategic pivot that could enhance its competitive advantage and create long‑term value for stakeholders.
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