6480 Cameron Street
Suite 305
Phone: 7029381753

Key Personnel

Phylicia Middleton - Director of Marketing
Loreal Gates - Regional Sales Manager
Dean Barnett - Vice President of Sales
David Schwartz - Regional Sales Manager
Gary Saul - Sales Consultant
Gavin Wright - Sales Consultant - Europe

About Galaxy Gaming

Galaxy Gaming is the industry’s most customer-centric partner. We are casino game and iGaming experts delivering innovative games and technologies proven to perform.

Galaxy Gaming Videos and Product Demos

Latest News

Galaxy Gaming Delivers First Terrestrial Perfect Pairs Progressive with Aspers Casino in the United Kingdom

LAS VEGAS, JULY 9, 2021 (GLOBE NEWSWIRE) – Galaxy Gaming, Inc. (OTC: GLXZ), the world’s largest independent developer and distributor of casino table games and technology, announced that they have installed the first Perfect Pairs live gaming dual progressive jackpots across 11 tables with Aspers Westfield, Stratford. Galaxy Gaming delivered this new progressive as part of their partnership agreement with John Wicks, creator of Perfect Pairs, to exclusively provide a Perfect Pairs live gaming progressive jackpot on land-based table games in the United Kingdom.

When asked about the project, Gavin Wright, Galaxy Gaming’s Europe Sales Consultant commented, “Aspers have seen the value that a Perfect Pairs Progressive can bring to their casino floor, together with the initiative to go all-in with a dual jackpot offering.  This new and exciting product adds to the player experience and builds on the value of the Perfect Pairs brand that Galaxy has first-hand knowledge and understanding of through its partnership with John Wicks in the iGaming space.” Gavin added “As a result of Galaxy’s omnichannel expertise, we hold a wealth of experience when it comes to game and paytable design.  Galaxy Gaming delivers solutions that work for both the casino and player.”

Steve Bailey, General Manager at Aspers Casino, Westfield Stratford City, London shared “We are excited to work together with both Galaxy Gaming and their new partnership with John Wicks to introduce the first Perfect Pairs progressive in a land-based UK casino. Having always offered the Perfect Pairs side bet since the opening of our Stratford casino in December 2011 and working with Galaxy Gaming over the years with various other games and side bets,  I feel this is a really exciting time to bring together such a popular side bet in a progressive format and look forward to adding this unique offering for our guests.”

 

About Galaxy Gaming

Headquartered in Las Vegas, Nevada, Galaxy Gaming (galaxygaming.com) develops and distributes innovative games, bonusing systems, and technology solutions to physical and online casinos worldwide. Galaxy Gaming offers games that are proven to perform developed by gaming experts and backed by the highest level of customer support. Through its subsidiary, Progressive Games Partners, Galaxy Gaming is the world’s leading licensor of proprietary table games to the online gaming industry. Connect with Galaxy Gaming on FacebookYouTubeInstagram, and Twitter.

Contact:

Media:

Phylicia Middleton (702) 936-5216

Investors:         

Harry Hagerty (702) 938-1753

SPIN GAMES’ AND GALAXY GAMING ANNOUNCE I-GAMING CONTENT LICENSING AGREEMENT

Agreement Enables Spin to Deploy Galaxy’s Premium Table Game Content across Spin’s ROC™ Remote Gaming Server (RGS) Platform in North America

RENO, NV — (May 10, 2021) Spin Games LLC, a North American leader in Remote Gaming Server (RGS) technology and interactive content, announced today that it has entered into a content licensing agreement with Galaxy Gaming, Inc (OTCQB: GLXZ) to deploy Galaxy’s popular table game content via Spin’s ROC™ Remote Gaming Server platform to customers in North America. Under the terms of the agreement, Spin will integrate Galaxy’s premium table game titles for “play for money” deployment in North American i-Gaming markets.

“We are pleased to be partnering with Galaxy Gaming to expand our content portfolio with their premium table game content,” commented Kent Young, Spin Games’ Chief Executive Officer and Chairman. “As i-Gaming continues to expand throughout North America, we are focused on expanding the game options we provide to our customers and look forward to integrating Galaxy’s games with our RGS.”

“We’re thrilled to now offer two of the most popular side bets in the world, 21+3 and Lucky Ladies, on Spin’s ROC™ Remote Gaming Server platform,” stated Todd Cravens, Galaxy Gaming’s President and CEO. “This is the first time 21+3 and Lucky Ladies with appear as dual bets in the market. This partnership with Spin Games aligns with our focus to engage and delight players with our proven content wherever they are – at a casino or online”

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ABOUT SPIN GAMES

A leader in Remote Gaming Server technology and interactive content, Spin Games specializes in designing and developing world-class gaming content and best-in-class interactive technologies for regulated B2B social and real money gaming markets. Produced in HTML5 format and compatible across desktop and multiple mobile applications, the Spin content portfolio includes a versatile range of proprietary and third-party titles, each featuring a unique and engaging theme enhanced with stellar graphics, sounds and features.

Founded in Reno, Nevada in 2012, Spin Games has content and RGS licensing agreements with numerous top-tier gaming content providers including Konami Gaming, Everi, and Incredible Technologies. Additional information about Spin Games is available online at www.spingames.net.

ABOUT GALAXY GAMING

Headquartered in Las Vegas, Nevada, Galaxy Gaming (galaxygaming.com) develops and distributes innovative games, bonusing systems, and technology solutions to physical and online casinos worldwide. Galaxy Gaming offers games that are proven to perform developed by gaming experts and backed by the highest level of customer support. Through its subsidiary, Progressive Games Partners, Galaxy Gaming is the world’s leading licensor of proprietary table games to the online gaming industry. Connect with Galaxy Gaming on FacebookYouTubeInstagram, and Twitter.

Released May 10, 2021

GALAXY GAMING REPORTS Q1 2021 AND FINANCIAL RESULTS

LAS VEGAS, May 17, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming operators, announced today its financial results for the quarter ended March 31, 2021.

Financial Highlights

Q1 2021 vs. Q1 2020

  • Revenue decreased 4.7% to $4,283K
  • Adjusted EBITDA increased 12.8% to $1,692K1
  • Net income of $89K vs. net income of $117K

Balance Sheet Changes (vs. December 31, 2020)

Cash increased 1.5% to $6,081K
Total long-term liabilities (gross) decreased $569K to $51,483K
Stockholders’ deficit decreased to $(24,460)K

Executive Comments

“The COVID pandemic continued to affect our business in Q1,” stated Todd Cravens, Galaxy’s President and CEO. “Casinos in the UK, our largest brick-and-mortar market, were shuttered for the entire quarter, and we continued to see capacity limitations in other important markets. However, as was the case in Q4 2020, our iGaming business made up most of the difference. iGaming went live in Michigan in February, and volumes were very strong. We expect additional increases in activity when our live dealer clients open up there. In addition to iGaming, new installations of our games and progressives in new markets continue to add to the top line.”

Cravens added, “I am happy to see progress in Q1, and am looking forward to getting all our customers up and going, as well as bringing new clients into the Galaxy.”

Despite the continued effects of COVID, we managed to make modest headway in Q1,” said Harry Hagerty, the Company’s CFO. “While revenue was slightly down versus Q1 of 2020, Adjusted EBITDA was up and we had positive cash flow. We are hopeful that COVID-related closures and limitations continue to recede through the remainder of 2021, allowing us to have normalized results in both the brick-and-mortar and online channels in 2022.”

Forward-Looking Statements

Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Galaxy cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information due to a number of factors, including those listed from time to time in reports that Galaxy files with the Securities and Exchange Commission.

Non-GAAP Financial Information

Adjusted EBITDA includes adjustments to net income to exclude interest, income taxes, depreciation, amortization, share based compensation, foreign currency exchange loss, change in estimated fair value of interest rate swap liability and severance and other expenses related to litigation. Adjusted EBITDA is not a measure of performance defined in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). However, adjusted EBITDA is used by management to evaluate our operating performance. Management believes that disclosure of the Adjusted EBITDA metric offers investors, regulators and other stakeholders a view of our operations in the same manner management evaluates our performance. When combined with U.S. GAAP results, management believes Adjusted EBITDA provides a comprehensive understanding of our financial results. Adjusted EBITDA should not be considered as an alternative to net income or to net cash provided by operating activities as a measure of operating results or of liquidity. It may not be comparable to similarly titled measures used by other companies, and it excludes financial information that some may consider important in evaluating our performance.

About Galaxy Gaming

Headquartered in Las Vegas, Nevada, Galaxy Gaming (galaxygaming.com) develops and distributes innovative games, bonusing systems, and technology solutions to physical and online casinos worldwide. Galaxy Gaming offers games that are proven to perform developed by gaming experts and backed by the highest level of customer support. Through its subsidiary, Progressive Games Partners, Galaxy Gaming is the world’s leading licensor of proprietary table games to the online gaming industry. Connect with Galaxy Gaming on FacebookYouTubeInstagram, and Twitter.

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1 See the related 10-Q for a reconciliation of Net Income to Adjusted EBITDA.