Galaxy Gaming® Partners with BetConstruct to Expand Global Distribution of Premium Table Game Content

Rhea-AI Summary

Galaxy Gaming (OTC: GLXZ) has announced a strategic partnership with BetConstruct to license its premium table game content. The agreement will integrate Galaxy's popular online brands, including 21+3®, Perfect Pairs®, Buster Blackjack®, Lucky Lucky®, and Three Card Prime®, into BetConstruct's Live Casino and RNG offerings through CreedRoomz and Pascal Gaming platforms.

This collaboration aims to enhance BetConstruct's Blackjack, Baccarat, and Poker offerings while expanding both companies' global market presence. Galaxy Gaming, headquartered in Las Vegas, currently holds 131 licenses worldwide, including 28 U.S. states.

Positive

• Strategic expansion of global distribution network through partnership with major platform provider
• Integration of multiple premium table game brands into new platform
• Potential revenue growth through increased market reach
• Access to BetConstruct's established international presence

Negative

• None.

LAS VEGAS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ) today announced an agreement with BetConstruct, a leading platform and content provider, to license Galaxy's premium table game content across the Live Casino and RNG (Random Number Generator) offerings powered by CreedRoomz and Pascal Gaming respectively.

Under the agreement signed by Galaxy Gaming Inc. and BetConstruct’s parent company SoftConstruct, Galaxy's popular online brands—including 21+3®, Perfect Pairs®, Buster Blackjack®, Lucky Lucky®, and Three Card Prime® — will enhance BetConstruct's Blackjack, Baccarat, and Poker offerings, expanding both companies' presence in the global gaming market.

"We are thrilled to announce that Galaxy games will now be available through BetConstruct," said Jason McCulloch, Vice President of iGaming at Galaxy Gaming. "As a global leader in table game content, we see strong alignment with BetConstruct's strong international presence and market reach. We look forward to the opportunities this collaboration will bring as we continue to expand into new markets and deliver exceptional gaming experiences to a broader audience."

"As we continue to innovate, partnering with Galaxy Gaming allows us to bring some of the world’s most beloved table games to our customers. These exciting titles perfectly complement our game selections and will enhance the offerings from CreedRoomz and Pascal Gaming." said Sargis Poghosyan, Deputy CPO at SoftConstruct, "Galaxy games are a natural fit for our platform, and help us meet the growing demand for variety and quality across our markets. By adding them, we’re taking another step toward expanding our reach and delivering even more value to our players." 

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 BetConstruct
BetConstruct is a global technology company that provides innovative digital solutions, primarily focusing on the gaming and IT sectors. Established and headquartered in Armenia, BetConstruct has grown into a diversified group that develops and delivers cutting-edge software and land-based solutions to clients worldwide. The company is known for its expertise in creating platforms for sports betting, casino gaming, fintech, and related industries.

Some of the information contained in this communication 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 speak only as of the date of this document and are subject to a number of risks and uncertainties.

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 transaction or any further announcements or the consummation of the transaction on the market price of the Company’s common stock; the ability of Galaxy Gaming 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. The events and circumstances reflected in our forward-looking statements may not be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

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. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. Galaxy 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 games will Galaxy Gaming (GLXZ) provide to BetConstruct through the new partnership?

Galaxy Gaming will provide 21+3®, Perfect Pairs®, Buster Blackjack®, Lucky Lucky®, and Three Card Prime® to enhance BetConstruct's Blackjack, Baccarat, and Poker offerings.

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

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

Which platforms will distribute Galaxy Gaming's (GLXZ) content through BetConstruct?

Galaxy Gaming's content will be distributed through BetConstruct's CreedRoomz (Live Casino) and Pascal Gaming (RNG) platforms.