GALAXY GAMING INC - GLXZ STOCK NEWS

Galaxy Gaming stockholders have approved the company's acquisition by Evolution Malta Holding at a special meeting held on November 12, 2024. The transaction is expected to close mid-2025, subject to regulatory approvals. Upon completion, Galaxy Gaming will become private and its shares will be delisted. Galaxy Gaming, headquartered in Las Vegas, is the world's largest independent developer of casino table games, holding 131 licenses worldwide, including 28 U.S. states. The company develops games and technology solutions for physical and online casinos globally.

Galaxy Gaming announced that its Galaxy Operating System (GOS) is now operational on over 50 Carnival & PLC ships worldwide. Since installation, GOS-powered tables have awarded over $5 million in jackpot payouts to players across Carnival Cruise Line, Holland America Line, and Princess Cruises. Launched in 2024, GOS is a next-generation game management system featuring progressive jackpot options, Nebula sensors, and digital tracking capabilities. The system serves as the jackpot progressive system for all Carnival ships, marking a significant expansion of Galaxy Gaming's presence in the cruise industry.

Galaxy Gaming (OTC: GLXZ) will showcase its innovative products at the Global Gaming Expo (G2E) from October 7-10 at booth #4016. Highlights include:

Galaxy Operating System™ Sapphire: A next-generation game management system featuring progressive jackpot options, Nebula sensors, and digital tracking capabilities. It powers the world's first Dynamic Progressive, offering random pays multiplied up to 10x each round.

The Smart Bet: Galaxy's extensive table games library, including classics like 21+3® and new additions like Roulette UP™. EZ Baccarat® now features Galaxy's Golden Talons™ and Divine 9™ side bets at no additional cost.

Galaxy Gaming Digital: Premier licensor of exclusive casino table games for online gaming, with over 3.5 billion wagers in the last calendar year across 3,000+ iGaming sites worldwide.

Galaxy Gaming, Inc. (OTCQB: GLXZ) announced that Gavin Isaacs will resign from the Board of Directors effective August 30, 2024. Isaacs has been a board member since June 2019. The company will not immediately fill his position but will consider doing so in the coming months. Mark Lipparelli, Chairman of Galaxy's Board, praised Isaacs' contributions, stating he has been a great asset and integral to the company's success and growth over the past five years. Lipparelli highlighted Isaacs' role in positioning the company to pursue new opportunities and expressed gratitude for his insights and expertise.

Evolution AB's subsidiary has agreed to acquire Galaxy Gaming, Inc. (OTC:GLXZ) for approximately $85 million in cash. The deal values Galaxy Gaming at $3.20 per share, a 124% premium to its closing price on July 17, 2024. This acquisition aligns with Evolution's strategy to be the world's top casino game provider and strengthens its presence in the US market.

Galaxy Gaming, a leading developer of casino table games and technology solutions, is expected to generate $29.0 - $30.0 million in Net Revenue and $12.0 - $13.0 million in Adjusted EBITDA for fiscal year 2024. Evolution plans to operate Galaxy Gaming as a separate, independent business unit, retaining its management and employees.

The transaction is subject to Galaxy Gaming stockholder approval and regulatory approvals, with closing expected in mid-2025. This merger aims to combine Galaxy Gaming's land-based business with Evolution's global reach and online gaming leadership, potentially benefiting all stakeholders.

Galaxy Gaming (OTC: GLXZ) announced the appointment of Steve Kopjo as the new Chief Financial Officer (CFO), effective May 28, 2024. Kopjo, who has over 15 years of experience in the gaming sector, previously held senior finance roles at SHLF Entertainment, Wynn Resorts, Play AGS, and Everi Holdings. His extensive background includes technical accounting, investor relations, corporate finance, and mergers & acquisitions. At Play AGS, Kopjo contributed to the company’s successful IPO in 2018. At Everi Holdings, he managed debt restructuring and played key roles in mergers and acquisitions. Kopjo will replace Harry Hagerty, who will transition to a Strategic Advisor role. Galaxy Gaming President and CEO, Matt Reback, expressed confidence in Kopjo’s ability to drive the company’s growth and maintain its industry leadership.

Galaxy Gaming, Inc. (GLXZ) reported strong financial results for Q1 2024, with record revenue growth in both net and gross figures. The company's net income and EBITDA also saw significant increases compared to the same period last year. Despite lower perpetual license sales in Q1 2024, recurring license revenue remained the primary source of income for Galaxy Gaming. The company's Core sector experienced growth, driven by the distribution of EZ Baccarat® and the development of GOS 2.0. In the iGaming sector, revenues showed positive growth as well. Galaxy Gaming ended the quarter with $17.5 million in cash and remains focused on reducing net leverage through EBITDA growth and debt reduction.

Galaxy Gaming, Inc. (GLXZ) to showcase innovative table game operating system and player-favorite games at IGA Trade Show. President Matt Reback excited to present largest library of category-leading brands enhanced by technology. Galaxy Operating System offers progressive jackpot options, Nebula LED sensors, and digital tracking capabilities. Dynamic Progressive feature adds volatility without changing gameplay. Ultimate Table Games Library includes classics like 21+3, Perfect Pairs, and Heads Up Hold'em with Dynamic Progressive. EZ Baccarat now features Panda 8 and Dragon 7 Progressive. Roulette Up offers optional side bet and progressive wager. Operators can explore Galaxy's offerings at booth 770.

Galaxy Gaming, Inc. (GLXZ) schedules virtual annual stockholders meeting on May 29, 2024, for stockholders of record as of April 2, 2024, to discuss key company updates and developments.