What Galaxy Gaming does

Galaxy Gaming, Inc. (OTCQB: GLXZ) is a Las Vegas-headquartered B2B developer and licensor of proprietary casino table games, side bets, and progressive gaming technology, operating as the world's largest independent licensor of proprietary table games. The company's product portfolio spans a core software platform — the Galaxy Operating System and Bonus Jackpot System, which enable linked progressive jackpots across multiple table games — paired with electronic hardware (Lunar Table Display and Lunar Table Display II), a catalog of 35+ proprietary table games available via the Prime Membership subscription, and exclusive Hasbro-licensed branded content including MONOPOLY Big Baller, MONOPOLY Money Chip, MONOPOLY Blackjack Progressive, and MONOPOLY Table Games Progressive. Flagship side bets such as 21+3, Lucky Ladies, Bonus Craps, and Perfect Pairs generate recurring licensing royalties across land-based casino floors in 28 U.S. states and 30+ countries.

Galaxy Gaming makes money primarily through multi-year table-game licensing agreements with land-based casino operators (Pechanga Resort Casino, Metropolitan Gaming, Downtown Grand, Indigo Sky, Island Gaming), one-time perpetual license sales of progressive gaming systems including hardware, and digital/iGaming royalties through distribution partners such as IGT PlayDigital (five-year deal) and Netco Ltd. Pricing is quote-based and tailored to operator scope. The company maintains additional customer segments in tribal casinos, cruise ship gaming floors, and card rooms, with a stated Digital First strategy targeting iGaming operators in regulated markets.

Galaxy Gaming has been operating under a pending $85 million acquisition by Evolution Malta Holding Limited (a subsidiary of Evolution AB) since July 2024, with stockholders approving the merger in November 2024 and the agreement extended to July 17, 2026 pending Nevada and Louisiana gaming regulatory approvals. In January 2025 the company completed a $47 million debt refinancing with BMO Bank N.A., replacing the prior Fortress Credit facility and reducing long-term debt by $12.6 million while generating approximately $2.8 million in annual interest savings. Leadership is headed by President and CEO Matthew Reback and CFO Steven Kopjo.

Name

Galaxy Gaming

Legal name

Galaxy Gaming, Inc.

Website

https://galaxygaming.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Galaxy Gaming is a Las Vegas-based B2B developer and the world's largest independent licensor of proprietary casino table games, side bets, and progressive jackpot systems, serving land-based and online casino operators across 28 U.S. states and 30+ countries under exclusive Hasbro MONOPOLY licensing.

Ownership category

akta.pro rank

Product category

Casino Gaming Software

NAICS

Other Gambling Industries (71329)

akta.pro primary industry

Online Casino Studios & Game Publishers (Slots, RNG, Live Dealer) (MPAEABAJ)

akta.pro secondary industry

Gaming Peripherals & Player Interface Hardware (Bill/Ticket Validators, Printers, Touchscreens) (MPAEANAE)

Keywords

• Casino table games
• Progressive gaming systems
• Table game licensing
• Igaming content
• Gaming technology platforms

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain, Others

Revenue model

1. Casino Table Game Licensing: Recurring licensing fees from land-based casino operators for proprietary table games and side bets. Includes annual or multi-year licensing agreements with casinos for the right to offer Galaxy Gaming's game content.
2. Progressive Gaming System Sales: One-time perpetual license sales of progressive gaming systems to casino operators, including hardware and software components for linked jackpot functionality.
3. Digital/iGaming Licensing: Digital revenue from licensing table game content to online gaming operators through partnerships like IGT PlayDigital. Includes five-year licensing agreements for digital distribution of game content.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Galaxy Gaming develops, licenses, and distributes proprietary casino table games, side bets, and progressive jackpot systems to land-based and online casino operators. Its portfolio includes branded titles such as MONOPOLY-branded table games and in-house games like 21+3, Lucky Ladies, Bonus Craps, Perfect Pairs Blackjack, and Heads Up Hold'em, delivered together with the Galaxy Operating System (GOS) and electronic table game hardware. Revenue is generated through placement fees, recurring royalties, revenue share on installed side bets and progressives, and online content distribution via GOS+.

Product overview

Galaxy Gaming is the world's largest independent developer and distributor of casino table games and technology, operating as a B2B supplier to land-based and online casinos. Their product portfolio includes a core platform (Galaxy Operating System) for managing progressive gaming systems, combined with proprietary table games (21+3, Lucky Ladies, Bonus Craps, Perfect Pairs, and numerous poker variants), electronic display hardware (Lunar Table Display series), and licensed branded content (MONOPOLY Table Games under Hasbro agreement). The company offers a Prime Membership subscription service providing access to 35+ proven table games. Galaxy Gaming also licenses their proprietary table games to online gaming operators in both Live Dealer and RNG formats through their digital division. Their progressive bonusing systems (Bonus Jackpot System) enable operators to link multiple tables to shared jackpots, while their electronic displays provide visual presentation of game information and bonuses at the table level.

Differentiator

Problem solved

Functional benefit

Brands

• Galaxy Gaming Digital: The world's leading licensor of proprietary table games to the online gaming industry, focusing on iGaming content licensing and distribution.

Products and services

• MONOPOLY-branded Progressive Table Games

Quantifiable outcome

• Over 130 licenses worldwide
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core, major and standard.

• HasbrocoreOEM/ Whitelabel/ Licensing PartnerExclusive licensing agreement with Hasbro for MONOPOLY branded casino table games. Galaxy Gaming holds exclusive rights to create and distribute MONOPOLY-themed casino table games and progressive gaming products, including MONOPOLY Big Baller, MONOPOLY Money Chip, and MONOPOLY Blackjack Progressive. This is a flagship partnership providing significant competitive differentiation through exclusive branded content.
• Evolution Malta Holding LimitedcoreStrategic or Co-development PartnerPending acquisition/merger with Evolution Malta Holding Limited, a major gaming technology provider. This transaction, if completed, would significantly expand Galaxy Gaming's scale and capabilities in the gaming industry.
• IGT PlayDigitalmajorChannel Partner/ Reseller/ DistributorFive-year licensing agreement for digital distribution of Galaxy Gaming's table game content through IGT PlayDigital's online gaming platform. Enables Galaxy Gaming's proprietary table games to reach online casino operators in regulated markets.
• Netco LtdstandardChannel Partner/ Reseller/ DistributorDistribution rights agreement for Perfect Pairs game product. Netco Ltd serves as a distribution partner for specific Galaxy Gaming table game content.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• PlayAGS: PlayAGS is a comparable small/mid-cap B2B casino gaming supplier that develops proprietary table products, slot content, and gaming technology for land-based and online operators, closely overlapping Galaxy Gaming's table game and side bet portfolio as well as its dealer-facing hardware.
• Ainsworth Game Technology: Ainsworth Game Technology is a smaller, independent B2B casino gaming equipment manufacturer focused on slots and table products for land-based operators. Comparable to Galaxy Gaming as a similarly sized specialty supplier competing for the same independent and regional operator customers with proprietary game content and hardware.
• Inspired Entertainment: Inspired Entertainment is a B2B supplier of gaming content, virtual sports, and interactive gaming technology to land-based and online operators. Comparable to Galaxy Gaming in scale and customer base, with overlapping focus on casino table-side products, server-based gaming, and digital content licensing.
• Interblock Gaming: Interblock specializes in electronic table games (ETGs), multi-station and dealer-assisted table products, and related casino technology. Comparable to Galaxy Gaming as a B2B supplier of table-side gaming technology and content to land-based casinos, with a complementary (rather than fully overlapping) focus on electronic rather than traditional live table games.
• Aruze Gaming America: Aruze Gaming America manufactures slot machines, electronic table game cabinets, and server-based gaming technology for casinos. Comparable to Galaxy Gaming as a B2B supplier of casino gaming equipment and content serving the same North American and Asian operator base with adjacent table-side and server-based product categories.

Broad incumbents

• IGT (International Game Technology): IGT is a global incumbent in casino gaming technology, offering table products, progressive systems, and iGaming platforms (including IGT PlayDigital, Galaxy's digital distribution partner). Comparable because it sells both land-based casino content and turnkey iGaming infrastructure that overlaps with Galaxy's offering across the same operator customers.
• Light & Wonder: Light & Wonder (formerly Scientific Games) is a diversified casino content and technology incumbent across table games, slots, and iGaming. Comparable to Galaxy Gaming as a multi-vertical B2B supplier serving the same land-based and online casino operator base with overlapping table game and progressive jackpot products.
• Aristocrat Leisure Limited: Aristocrat is a global gaming content and technology incumbent with growing exposure to table products, slots, and digital (via its Pixel United and iGaming segments). Comparable to Galaxy Gaming as a B2B casino supplier with branded IP, table-side hardware, and a global land-based plus online distribution footprint.
• Konami Gaming: Konami Gaming is a major casino content and systems supplier known for slots and casino management systems. Comparable to Galaxy Gaming as a B2B supplier of casino content and table-side technology to shared operator customers in North America and select international markets.
• Evolution AB: Evolution AB is the global leader in live dealer iGaming and is Galaxy Gaming's pending acquirer via Evolution Malta Holding Limited. Comparable as a B2B supplier of casino table game content to online operators, and directly relevant because Evolution's iGaming footprint is the primary go-to-market vehicle for Galaxy's digital pipeline post-close.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/galaxygaminglv
• Facebookfacebook.com/galaxygaminglv
• LinkedInlinkedin.com/company/galaxygaminglv
• Instagraminstagram.com/galaxygaminglv

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Galaxy Gaming