Galaxy Gaming® and Pragmatic Play Announce Five-Year Licensing Agreement Extension for Table Game Content

Rhea-AI Summary

Galaxy Gaming (OTC: GLXZ) has announced a five-year extension of its strategic licensing agreement with Pragmatic Play. The extended partnership will continue the integration of Galaxy Gaming's table game content across Pragmatic Play's Live Casino and RNG gaming portfolio.

Galaxy Gaming, headquartered in Las Vegas, is a prominent developer of innovative games and technology solutions for physical and online casinos worldwide. The company holds 131 licenses globally, including 28 in U.S. states, and is the world's leading licensor of proprietary table games to the online gaming industry.

The agreement strengthens the existing collaboration between the two companies, with Galaxy Gaming's side bets enhancing Pragmatic Play's live casino offerings. This extension aligns with Galaxy Gaming's long-term strategy of delivering premium table game content to operators and players globally.

Positive

• Secured five-year extension of strategic licensing agreement with major gaming provider Pragmatic Play
• Maintains strong market position with 131 global licenses, including 28 U.S. state licenses
• Expands distribution of table game content through established gaming platform

Negative

• None.

LAS VEGAS, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ) today announced an agreement in principle with leading content provider Pragmatic Play to extend their strategic licensing agreement for an additional five years, expanding the integration of Galaxy Gaming's table game content across Pragmatic Play's Live Casino and RNG gaming portfolio.

“We are excited to strengthen and expand our partnership with Pragmatic Play,” said Jason McCulloch, Vice President of iGaming at Galaxy Gaming. “Their exceptional Live and RNG casino experiences, enhanced by our renowned side bets, set a high standard in the industry. This five-year extension reflects the strength of our collaboration, while advancing our long-term strategy of delivering premium table game content to operators and their players worldwide.”

Irina Cornides, Chief Operating Officer at Pragmatic Play, said: “Our partnership with Galaxy Gaming has been a successful one to date, and this new agreement will enable us to further enhance select products in Pragmatic Play’s award-winning live portfolio with their popular side bets.”

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 proven to perform developed by gaming experts and backed by the highest level of customer support. Galaxy Gaming Digital is the world’s leading licensor of proprietary table games to the online gaming industry. Galaxy Gaming has 131 licenses worldwide, including licenses in 28 U.S. states.

About Pragmatic Play
Pragmatic Play, headquartered in Gibraltar, is a leading game supplier providing player favourites to the most successful global brands in the iGaming industry. Powering up new possibilities of play through a single API, Pragmatic Play offers a multi-product portfolio of award-winning slots, live casino, bingo, virtual sports, sportsbook, and more, available in all major regulated markets, languages, and currencies.

Some of the information contained in this press release includes forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “might,” “expect,” “intend,” "target," “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other similar expressions. These forward-looking statements are only predictions. We have based these forward-looking statements on our current expectations, assumptions and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement.

These risks and uncertainties include, but are not limited to, the ability to complete the Company’s acquisition by Evolution Malta Holding Limited (“Evolution”), Evolution AB (publ)’s wholly owned subsidiary (the “Merger”) on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to gaming regulatory approvals and satisfaction of other closing conditions to consummate the proposed Merger; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement (as defined herein) relating to the proposed Merger; risks that the proposed Merger disrupts the Company’s current plans and operations or diverts the attention of the Company’s management or employees from ongoing business operations; the risk of potential difficulties with the Company’s ability to retain and hire key personnel and maintain relationships with customers and other third parties as a result of the proposed Merger, including during the pendency of the Merger; the risk that the proposed Merger may involve unexpected costs and/or unknown or inestimable liabilities; the risk that the Company’s business may suffer as a result of uncertainty surrounding the proposed Merger; the risk that stockholder litigation in connection with the proposed Merger may affect the timing or occurrence of the proposed Merger or result in significant costs of defense, indemnification and liability; effects relating to the announcement of the Merger or any further announcements or the consummation of the Merger on the market price of the Company’s common stock; the ability of the Company to enter and maintain strategic alliances, product placements or installations in land based casinos or grow its iGaming business, garner new market share, secure licenses in new jurisdictions or maintain existing licenses, successfully develop or acquire and sell proprietary products, comply with regulations, including changes in gaming related and non-gaming related statutes and regulations that affect the revenues of our customers in land-based casino and, online casino markets, have its games approved by relevant jurisdictions, unfavorable economic conditions in the US and worldwide, our level of indebtedness, restrictions and covenants in our loan agreement, dependence on major customers, protection of intellectual property and our ability to license the intellectual property rights of third parties, failure to maintain the integrity of our information technology systems, including without limitation, cyber-attacks or other failures in our telecommunications or information technology systems, or those of our collaborators, third-party logistics providers, distributors or other contractors or consultants, could result in information theft, data corruption and significant disruption of our business, and other factors. Additional information concerning these and other risk factors can be found in the Company’s filings with the Securities and Exchange Commission, including in the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and Definitive Proxy Statement.

All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements. While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance or events and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Any forward-looking statement speak only as of the date on which it was made. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes.

Contact:

Media:
Phylicia Middleton (702) 938-1753 
Investors:
Steve Kopjo (702) 727-8886

FAQ

What is the duration of Galaxy Gaming's (GLXZ) new licensing agreement with Pragmatic Play?

Galaxy Gaming (GLXZ) has extended its licensing agreement with Pragmatic Play for an additional five years.

How many gaming licenses does Galaxy Gaming (GLXZ) currently hold?

Galaxy Gaming (GLXZ) holds 131 licenses worldwide, including licenses in 28 U.S. states.

What products will be included in the GLXZ-Pragmatic Play licensing agreement?

The agreement covers Galaxy Gaming's table game content integration across Pragmatic Play's Live Casino and RNG gaming portfolio.

How will the licensing extension affect GLXZ's market presence?

The extension strengthens Galaxy Gaming's position as the world's leading licensor of proprietary table games to the online gaming industry and expands their global reach through Pragmatic Play's platform.