Galaxy Gaming designs, licenses, and distributes proprietary casino table games and associated technology to land-based and online casinos worldwide. Galaxy Gaming does not operate casinos — it creates game content and systems that casinos deploy on their tables, then licenses that content on a recurring basis. Galaxy Gaming's core products include Side Bets (wagering options added onto standard games like blackjack or baccarat, such as 21+3 and Lucky Ladies) and Premium Games (stand-alone games with their own rules, such as Three Card Poker and High Card Flush). Galaxy Gaming also offers Enhanced Table Systems, which layer electronics onto existing tables to enable jackpots, bonusing, and data collection — and allow Galaxy Gaming to stack multiple billable licenses onto a single table. The business operates through two revenue streams: GG Core, which licenses content and systems to land-based casinos and electronic table game device manufacturers, and GG Digital, which licenses content to online casino operators. In the digital channel, Galaxy Gaming distributes both its own content and third-party content, acting as a content aggregator with relationships spanning major operators like Evolution, DraftKings, Flutter, and Entain. The business model is primarily recurring IP licensing — casinos pay monthly fees to place Galaxy Gaming's games on their tables. Key revenue drivers are the number of table placements, billable units per table, and the number of online casino URLs carrying Galaxy Gaming content. Evolution agreed in July 2024 to acquire Galaxy Gaming at $3.20 per share; the deal is pending gaming regulatory approvals across multiple jurisdictions.
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