GALAXY GAMING INC - GLXZ STOCK NEWS

Galaxy Gaming, Inc. (OTC: GLXZ) has launched the Triton Casino Systems™, an advanced table game progressive operating system, enhancing the features of its predecessor, Bonus Jackpot System. The new system offers flexible progressive configurations, an easy-to-use dealer pad, and robust reporting capabilities through an upgraded dashboard. Designed for security and data safety, Triton is scalable for evolving industry needs. This launch marks the beginning of further developments for Triton Casino Systems, with additional updates expected this year.

Galaxy Gaming, Inc. (GLXZ) announces the resignation of board member Bill Zender effective July 1, 2022. Zender has been a board member since 2015, contributing significantly to the company’s progress. Following his departure, Galaxy Gaming has entered into a Cooperation Agreement with stockholder Tice Brown to form a hiring committee aimed at selecting a qualified independent director to fill Zender's vacated seat. The agreement includes provisions limiting Brown’s ability to acquire significant stakes in the company, ensuring stability during this transition.

Galaxy Gaming, Inc. (OTC: GLXZ) will showcase new omnichannel content and its Triton Casino Management System at ICE London from April 12-14. The Triton system offers customizable progressive configurations, enhancing the gaming experience. Galaxy Gaming maintains its position as the leading licensor of casino table games for online platforms, with over 1.2 billion wagers placed on its games last year. A new agreement with John Wicks will expand the distribution of Perfect Pairs Blackjack and Baccarat to land-based casinos globally.

Galaxy Gaming, Inc. (OTCQB: GLXZ) reported significant financial growth for Q4 2021 and the fiscal year ended December 31, 2021. Revenues surged 73% to $5,670K in Q4, while full-year revenues increased 95% to $19,984K. Adjusted EBITDA skyrocketed 534% to $8,734K. The company ended the year with a cash balance of $16,059K, a 168% increase, despite long-term debt rising to $60,500K. For 2022, Galaxy forecasts revenue between $23.5 million and $25 million, assuming stable market conditions.

Galaxy Gaming, Inc. (OTC: GLXZ) announced a new distribution agreement with John Wicks to expand the reach of Perfect Pairs Blackjack and Perfect Pairs Baccarat globally in land-based markets. This builds on their existing partnership to offer Perfect Pairs live gaming progressive jackpots in the UK. The addition of these popular side bets enhances Galaxy's Blackjack collection, which already includes top games like 21+3 and Lucky Ladies. The CEO expressed excitement over the partnership, highlighting the strong market for these games in North America, the UK, and Europe.

Galaxy Gaming, Inc. (OTCQB: GLXZ) will hold its virtual Shareholders Meeting on June 1, 2022, for shareholders of record as of April 6, 2022. A Notice of the meeting will be sent to eligible shareholders in compliance with relevant laws. The company, headquartered in Las Vegas, develops and distributes casino table games and systems, catering to both physical and online casinos worldwide. Galaxy Gaming is recognized for its innovative solutions and strong customer support in the gaming industry.

Galaxy Gaming (OTC:GLXZ) and Aruze Gaming America have launched Bonus Craps™, a popular craps side wager, on the innovative Roll To Win Craps™ game. This collaboration enhances player engagement by integrating Bonus Craps with a semi-autonomous craps game that features a 12-foot LED playing field for an immersive experience. Todd Cravens, Galaxy Gaming's President, emphasized their commitment to thrilling players, while Aruze's Rob Ziems noted the importance of offering new gaming experiences. This partnership aims to attract and retain players in the competitive casino market.

Galaxy Gaming, Inc. (OTCQB: GLXZ) announced the appointment of Cheryl Kondra to its Board of Directors, effective December 2, 2021. Ms. Kondra has over 20 years of experience in the gaming industry, having held significant positions at Pinnacle Entertainment and Caesars Entertainment. Her expertise in audit and compliance will bolster the company's governance. Chairman Mark Lipparelli expressed confidence in Kondra's ability to contribute meaningfully to Galaxy's operations.

Galaxy Gaming, Inc. (OTCQB: GLXZ) announced a Term Loan Credit Agreement with Fortress Credit Corp., securing $60 million to settle litigation with Triangulum Partners. Of the funds, $39.5 million settled the Triangulum claim, $11.1 million repaid previous loans, and $4.1 million covered fees. The loan carries interest rates between 6.50% and 7.75%, maturing on November 15, 2026, and includes quarterly amortization of $150,000. The transaction resolves litigation uncertainties, allowing Galaxy to focus on business growth and customer engagement.