Galaxy Gaming Business Summary

Galaxy Gaming, Inc. (GLXZ) is a Las Vegas-based developer and licensor of proprietary casino table games and associated technology, operating primarily through a high-margin, asset-light licensing model. The company generates revenue through monthly recurring fees and participation-based royalties from land-based casinos, cruise ships, and iGaming platforms worldwide. Its business is divided into two core segments: land-based table game products, featuring iconic side bets like 21+3 and Lucky Ladies, and a rapidly expanding digital division that licenses content to online gaming operators. Positioned as a niche leader in table game intellectual property, Galaxy Gaming competes directly with diversified suppliers such as PlayAGS, Interblock, and Bragg Gaming Group, and is currently finalizing a merger with Evolution AB, which is expected to close by mid-2026. The company is led by President and CEO Matthew D. Reback, a seasoned industry veteran with prior executive leadership experience at AGS, Konami Gaming, and Caesars Entertainment. Supporting the executive team is CFO Steven Kopjo, who brings deep financial expertise from his tenure at Everi Holdings and Wynn Resorts, and Vice President of iGaming Jason McCulloch. The board is chaired by Mark Lipparelli, the former Chairman of the Nevada Gaming Control Board, whose regulatory pedigree has been instrumental in the company’s strategic shift toward institutional stability and compliance. While the firm was originally founded in 2006, the current management team has successfully refocused the entity on digital expansion and recurring revenue streams, culminating in the definitive acquisition agreement with global live-casino leader Evolution AB.