GALAXY GAMING INC - GLXZ STOCK NEWS

Galaxy Gaming, Inc. (OTC: GLXZ), the leading independent developer of casino table games, will present their new table game operating system and innovative games at ICE London from February 7-9. This event marks the launch of Galaxy OS™, featuring groundbreaking capabilities for managing table games, including real-time progressive systems and digital tracking for games like Roulette and Craps. Galaxy Gaming also introduces three new built games: Roulette Up™, Split to Double Blackjack™, and Rising Phoenix Baccarat™. With over 2 billion wagers placed online last year, Galaxy aims to enhance gaming experiences globally.

Galaxy Gaming (GLXZ) reported its Q3 2022 financial results, featuring a 12% revenue increase to $5,907K compared to Q3 2021. However, adjusted EBITDA decreased 5% to $2,350K, and the company faced a net loss of $699K, a stark contrast to the net income of $874K in the prior year. For the first nine months of 2022, revenue rose 22% to $17,502K with adjusted EBITDA up 17% to $7,382K, but net loss for the period was $1,828K. The company improved its cash position by 20% to $19,275K, while long-term debt slightly decreased.

Galaxy Gaming, Inc. (OTC: GLXZ) will present its innovative offerings at the Global Gaming Expo (G2E) from October 11-13, showcasing new table game technology and content. Their debut of Galaxy OS™, a flexible table management system, enhances real-time progressive games. Featured products include popular table games like 21+3™ and new launches such as 3 Dice Baccarat™. Galaxy Gaming Digital™, which focuses on online growth, reported over one billion online wagers in the past year. The company aims to deliver premier gaming experiences across various platforms.

Galaxy Gaming, Inc. (OTC: GLXZ) will showcase innovative casino table games and technology at the Global Gaming Expo (G2E) from October 11-13. CEO Todd Cravens highlighted the event as a vital opportunity to present their industry-leading table management and game content. The company's omni-channel strategy enables engagement with customers via physical and digital platforms, enhancing the gaming experience. Further details about their new offerings will be shared soon. Galaxy Gaming is recognized for developing high-performing games and providing exceptional customer support.

Galaxy Gaming, Inc. (OTCQB: GLXZ) reported financial results for Q2 and 1H 2022, showing a 20% revenue increase to $5.68M for Q2 and 28% growth to $11.60M for the first half. Adjusted EBITDA rose by 10% to $2.36M in Q2 and 31% to $5.03M year-to-date. Despite the increases, the company faced a net loss of $1.12M for Q2 compared to a profit of $0.55M in 2021. Additionally, the firm has revised its annual revenue guidance downward to between $22.5M and $23.5M, citing inflation and unfavorable currency impacts.

Galaxy Gaming, Inc. (OTCQB: GLXZ) announced the appointment of Meredith Brill to its Board of Directors, effective July 13, 2022. She is filling the seat left vacant by William Zender, who resigned on July 1, 2022. A private investor and intellectual property lawyer, Brill brings valuable experience relevant to Galaxy's business model. She has been a shareholder for several years and expresses enthusiasm about contributing to the company’s strategy and operations.

Mark Lipparelli, Chairman, highlighted her relevant expertise and familiarity with the company's challenges.

Galaxy Gaming (OTC:GLXZ) announced that industry expert Steph Nel has been appointed as Senior Vice President Worldwide Sales. Bringing over 20 years of gaming industry experience from various continents, Nel previously held the position of Managing Director of the Americas at TCSJOHNHUXLEY. His contributions led to significant acquisitions in the sector. Galaxy Gaming aims to enhance its table games expertise as it expands globally, with Nel expected to drive sales growth through his proven track record and industry knowledge.

Galaxy Gaming, Inc. (OTC: GLXZ) has announced the launch of Galaxy Gaming Digital, a new division aimed at expanding its online presence. This initiative includes a proprietary portfolio of popular table games and new in-house developed games, such as Galaxy Built titles. Over the past year, Galaxy's side bets accounted for more than one billion wagers globally, with their games dominating the online side bet market. The company plans to continue licensing their titles while also developing new games, enhancing their digital content portfolio significantly.

Galaxy Gaming, Inc. (OTC: GLXZ) has announced a partnership with Spirit Gaming, granting exclusive distribution rights in Germany, Austria, Luxembourg, and Belgium. Spirit Gaming will support the distribution of Galaxy Gaming’s Triton Casino Systems™ and celebrated table games including 21+3®, Perfect Pairs®, and Three Card Prime™. This collaboration aims to replicate Galaxy’s success in the UK and expand its market presence in Europe. Both companies express optimism regarding the partnership's potential to engage players with innovative gaming solutions.