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.
Gli azionisti di Galaxy Gaming hanno approvato l’acquisizione della società da parte di Evolution Malta Holding in un’assemblea straordinaria tenutasi il 12 novembre 2024. Si prevede che la transazione si chiuda a metà del 2025, soggetta ad approvazioni normative. Una volta completata, Galaxy Gaming diventerà una società privata e le sue azioni saranno rimosse dalla quotazione. Galaxy Gaming, con sede a Las Vegas, è il più grande sviluppatore indipendente al mondo di giochi da tavolo per casino, possedendo 131 licenze a livello mondiale, incluse 28 negli Stati Uniti. La società sviluppa giochi e soluzioni tecnologiche per casinò fisici e online a livello globale.
Los accionistas de Galaxy Gaming han aprobado la adquisición de la empresa por parte de Evolution Malta Holding en una reunión especial celebrada el 12 de noviembre de 2024. Se espera que la transacción se cierre a mediados de 2025, sujeta a aprobaciones regulatorias. Una vez completada, Galaxy Gaming se convertirá en una empresa privada y sus acciones serán eliminadas de la cotización. Galaxy Gaming, con sede en Las Vegas, es el desarrollador independiente más grande del mundo de juegos de mesa para casinos, con 131 licencias a nivel mundial, incluyendo 28 estados de EE. UU. La empresa desarrolla juegos y soluciones tecnológicas para casinos físicos y en línea a nivel global.
갤럭시 게임(Galaxy Gaming)의 주주들은 2024년 11월 12일 열린 특별 회의에서 이볼루션 몰타 홀딩(Evolution Malta Holding)에 의한 회사 인수를 승인했습니다. 이 거래는 규제 승인을 조건으로 2025년 중반에 완료될 것으로 예상됩니다. 완료되면 갤럭시 게임은 비상장 기업이 되며, 주식은 상장폐지됩니다. 라스베이거스를 본사로 하는 갤럭시 게임은 세계 최대의 독립 카지노 테이블 게임 개발사로, 전 세계 131개의 라이센스를 보유하고 있으며, 이 중 28개는 미국 주입니다. 이 회사는 전 세계의 오프라인 및 온라인 카지노를 위해 게임과 기술 솔루션을 개발합니다.
Les actionnaires de Galaxy Gaming ont approuvé l’acquisition de l’entreprise par Evolution Malta Holding lors d’une réunion spéciale tenue le 12 novembre 2024. On s’attend à ce que la transaction soit finalisée à la mi-2025, sous réserve des approbations réglementaires. Une fois la transaction terminée, Galaxy Gaming deviendra une entreprise privée et ses actions seront retirées de la liste. Galaxy Gaming, dont le siège est à Las Vegas, est le plus grand développeur indépendant au monde de jeux de table de casino, détenant 131 licences dans le monde, dont 28 aux États-Unis. L’entreprise développe des jeux et des solutions technologiques pour les casinos physiques et en ligne à l’échelle mondiale.
Die Aktionäre von Galaxy Gaming haben auf einer besonderen Sitzung am 12. November 2024 dem Erwerb des Unternehmens durch Evolution Malta Holding zugestimmt. Der Abschluss der Transaktion wird für Mitte 2025 erwartet, vorbehaltlich regulatorischer Genehmigungen. Nach Abschluss wird Galaxy Gaming privat werden und seine Aktien werden von der Börse genommen. Galaxy Gaming, mit Sitz in Las Vegas, ist der weltweit größte unabhängige Entwickler von Casinotischspielen und besitzt weltweit 131 Lizenzen, darunter 28 in den USA. Das Unternehmen entwickelt Spiele und technologische Lösungen für physische und Online-Casinos weltweit.
Positive
- Acquisition by Evolution, a leading B2B provider with 800+ operators
- Strategic expansion potential through Evolution’s global presence
- Access to Evolution’s extensive customer base and resources
- Strong market position with 131 worldwide licenses
Negative
- Delisting from public markets, reducing liquidity for current shareholders
- Extended closing timeline (mid-2025) creates execution uncertainty
- Transaction completion dependent on regulatory approvals
LAS VEGAS, Nov. 12, 2024 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc.® (“Galaxy Gaming” or the “Company”) (OTC: GLXZ), the world’s largest independent developer and distributor of casino table games and technology announced today that, at a special meeting of its stockholders held on November 12, 2024 (the “Special Meeting”), Galaxy Gaming stockholders voted to approve the Company’s acquisition by Evolution Malta Holding Limited (“Evolution”), Evolution AB (publ)’s wholly owned subsidiary (the “Merger”).
Galaxy Gaming will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting.
The transaction is expected to close mid-2025 and is subject to customary closing conditions, including the receipt of regulatory approvals. Upon completion of the transaction, Galaxy Gaming will become a privately held company and shares of Galaxy Gaming common stock will no longer be listed on any public market.
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 Evolution
Evolution AB (publ) (“Evolution”) develops, produces, markets and licenses fully-integrated B2B Live Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 800+ operators among its customers. The group currently employs 20,500+ people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO. Visit www.evolution.com for more information.
Evolution is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010. Evolution is also licensed and regulated in many other jurisdictions, including the United Kingdom, Belgium, Canada, Romania, South Africa.
SAFE HARBOR
Some of the information contained in this document 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 Merger on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary 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 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 Gaming 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
When did Galaxy Gaming (GLXZ) stockholders approve the Evolution acquisition?
Galaxy Gaming stockholders approved the acquisition on November 12, 2024, during a special meeting.
When is the Galaxy Gaming (GLXZ) acquisition by Evolution expected to close?
The acquisition is expected to close in mid-2025, subject to regulatory approvals and customary closing conditions.
What will happen to Galaxy Gaming (GLXZ) stock after the Evolution acquisition?
Upon completion of the transaction, Galaxy Gaming will become a privately held company and its shares will no longer be listed on any public market.
How many gaming licenses does Galaxy Gaming (GLXZ) currently hold?
Galaxy Gaming holds 131 licenses worldwide, including licenses in 28 U.S. states.
Source Y.R -#Evolution #Acquires #Galaxy #Gaming #Major #Casino #Table #Games #Deal #Shareholders #Approve
2024-11-12 23:00:00