Other OTC:GLXZ
Galaxy Gaming Provides Update to Earnings Release

LAS VEGAS, March 26, 2024 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming content, announced corrections to certain financial information provided in the earnings release issued on March 25, 2024.
In the table that provided guidance for fiscal 2024, the growth rate for Net Revenue was miscalculated. The calculated growth rate at the midpoint of the guidance range is 6.1%, not the 2.4% that was in the original release. A corrected table is presented below.
(mm) | 2023 Actual | Â | 2024 Range | Â | Midpoint Change | |||
Recurring License Revenue | $ | 28.0 | Â | Â | $34.0 – $35.0 | Â | 23.2 | % |
Sale of Perpetual Licenses | Â | 3.7 | Â | Â | 1.0 – 1.5 | Â | (66.2 | )% |
Gross Revenue | $ | 31.7 | Â | Â | $35.0 – $36.5 | Â | 12.8 | % |
Royalties Netted against Gross Revenue | Â | (3.9 | ) | Â | (6.0 – 6.5) | Â | 60.3 | % |
Net Revenue | $ | 27.8 | Â | Â | $29.0 – $30.0 | Â | 6.1 | % |
 |  |  |  |  |  | |||
Adjusted EBITDA4 | $ | 10.6 | Â | Â | $12.0 – $13.0 | Â | 17.9 | % |
 |
In the Disaggregation of Revenue table in Exhibit 1, Recurring License Revenue in GG Digital for Q4 2022 was incorrect. That error flowed through to the consolidated revenue figures for that period. A corrected Exhibit 1 is attached hereto.
Forward-Looking Statements
This press release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management’s current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements identified by words such as “believe,” “will,” “may,” “might,” “likely,” “expect,” “anticipates,” “intends,” “plans,” “seeks,” “estimates,” “believes,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of Galaxy Gaming, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in Galaxy Gaming’s performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, 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, and adapt to changes resulting from the COVID-19 or other pandemics including without limitation, government imposed shut downs, travel restrictions and supply chain interruptions, 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. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements 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 report. Galaxy Gaming expressly disclaims any obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise.
Actual results could differ materially from those expressed or implied in our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. You should not assume at any point in the future that the forward-looking statements in this report are still valid. We do not intend, and undertake no obligation, to update our forward-looking statements to reflect future events or circumstances.
About Galaxy Gaming
Headquartered in Las Vegas, Nevada, Galaxy Gaming (galaxygaming.com) develops and distributes innovative proprietary table games, state-of-the-art electronic wagering platforms and enhanced bonusing systems to land-based, riverboat, and cruise ship and casinos worldwide. In addition, through its wholly owned subsidiary, Progressive Games Partners LLC, Galaxy licenses proprietary table games content to the online gaming industry. Connect with Galaxy on Facebook, YouTube and Twitter.
Non-GAAP Financial Information
Adjusted EBITDA includes adjustments to net loss/income to exclude interest, taxes, depreciation, amortization, share based compensation, gain/loss on extinguishment of debt, foreign currency exchange gains/losses, change in estimated fair value of interest rate swap liability and severance and other expenses related to litigation. Adjusted EBITDA is not a measure of performance defined in accordance with generally accepted accounting principles in the United States of America (âU.S. GAAPâ). However, Adjusted EBITDA is used by management to evaluate our operating performance. Management believes that disclosure of Adjusted EBITDA allows investors, regulators, and other stakeholders to view our operations in the way management does. Adjusted EBITDA should not be considered as an alternative to net income or to net cash provided by operating activities as a measure of operating results or of liquidity. Finally, Adjusted EBITDA may not be comparable to similarly titled measures used by other companies.
Contact:
Media: | Phylicia Middleton (702) 936-5216 |
Investors: | Harry Hagerty (702) 938-1740 |
Exhibit 1 | ||||||||||||
 | ||||||||||||
Disaggregation of Revenue | ||||||||||||
 | ||||||||||||
(mm) | Q4 23 | Q4 22 | FY 23 | FY 22 | ||||||||
Consolidated | Â | Â | Â | Â | ||||||||
Recurring License Revenue | $ | 8.0 | Â | $ | 6.5 | Â | $ | 28.0 | Â | $ | 25.6 | Â |
Sale of Perpetual Licenses | Â | 0.4 | Â | Â | 0.2 | Â | Â | 3.7 | Â | Â | 0.3 | Â |
Gross Revenue | $ | 8.4 | Â | $ | 6.7 | Â | $ | 31.7 | Â | $ | 25.9 | Â |
Royalties Netted against Gross Revenue | Â | (1.7 | ) | Â | (0.8 | ) | Â | (3.9 | ) | Â | (2.5 | ) |
Net Revenue | $ | 6.7 | Â | $ | 5.9 | Â | $ | 27.8 | Â | $ | 23.4 | Â |
 |  |  |  |  | ||||||||
GG Core | Â | Â | Â | Â | ||||||||
Recurring License Revenue | $ | 5.0 | Â | $ | 3.7 | Â | $ | 16.6 | Â | $ | 15.1 | Â |
Sale of Perpetual Licenses | Â | 0.4 | Â | Â | 0.2 | Â | Â | 3.7 | Â | Â | 0.3 | Â |
Gross Revenue | $ | 5.4 | Â | $ | 3.9 | Â | $ | 20.3 | Â | $ | 15.4 | Â |
Royalties Netted against Gross Revenue | Â | (0.8 | ) | Â | â | Â | Â | (0.9 | ) | Â | â | Â |
Net Revenue | $ | 4.6 | Â | $ | 3.9 | Â | $ | 19.4 | Â | $ | 15.4 | Â |
 |  |  |  |  | ||||||||
GG Digital | Â | Â | Â | Â | ||||||||
Recurring License Revenue | $ | 3.0 | Â | $ | 2.8 | Â | $ | 11.4 | Â | $ | 10.5 | Â |
Royalties Netted against Gross Revenue | Â | (0.9 | ) | Â | (0.8 | ) | Â | (3.0 | ) | Â | (2.5 | ) |
Net Revenue | $ | 2.1 | Â | $ | 2.0 | Â | $ | 8.4 | Â | $ | 8.0 | Â |
 |
4 It is not possible to provide a reconciliation of Adjusted EBITDA to Net Income without undue burden, as certain factors such as interest rates and tax rates are not knowable.
Other OTC:GLXZ
Galaxy GamingÂŽ and Hasbro Announce Licensing Agreement for World-Famous Games

LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTC: GLXZ), the worldâs leading independent developer and distributor of casino table games and technology, and Hasbro, Inc. (NASDAQ:HAS), a leading games, IP and toy entertainment company, today announced they have entered into a multi-year licensing agreement through which Galaxy Gaming will bring Hasbro’s iconic games to casino table game pits.
Under the terms of the agreement, Galaxy Gaming will develop and distribute casino table games based on Hasbro’s world-famous titles, including MONOPOLY, YAHTZEE, and BATTLESHIP. This partnership marries Galaxy Gaming’s expertise in creating thrilling casino experiences with the nostalgic joy and distinctive excitement of Hasbro’s beloved global brands. Casino patrons will soon enjoy the familiar rush of MONOPOLY, the suspense of rolling dice in YAHTZEE, and the explosive thrill of BATTLESHIP all reimagined for the table games pit.
âWe are beyond excited to bring some of the best-loved brands to table games players around the world,â said Matt Reback, President and CEO of Galaxy Gaming. âThis new deal is a testament to Galaxyâs singular focus on table games and our commitment to enhancing the base games players know and love, with innovative new game play experiences. MONOPOLY, YAHTZEE, and BATTLESHIP have thrilled generations of players, and we look forward to translating the fun and excitement of these games into new and entertaining casino experiences.â
âAt Hasbro, weâre passionate about play in all its formsâfrom game nights to authentic casino experiences. After an extensive RFP process, weâre excited to select Galaxy Gaming as our exclusive partner for branded table games,â said Claire Hunter Gregson, Director of Gaming Relationships. âGalaxyâs expertise in this space makes them the ideal team to bring our iconic brands to casino floors in dynamic and compelling ways. We canât wait to see what weâll create together.â
The first games under this licensing agreement are expected to debut at Global Gaming Expo (G2E) 2025 and will begin appearing in casinos in early 2026.
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 worldâs 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 Hasbro
Hasbro is a leading games, IP and toy company whose mission is to create joy and community through the magic of play. With over 164 years of expertise, Hasbro delivers groundbreaking play experiences and reaches over 500 million kids, families and fans around the world, through physical and digital games, video games, toys, licensed consumer products, location-based entertainment, film, TV and more.
Through its franchise-first approach, Hasbro unlocks value from both new and legacy IP, including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. Powered by its portfolio of thousands of iconic marks and a diversified network of partners and subsidiary studios, Hasbro brings fans together wherever they are, from tabletop to screen.
For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, a 2025 JUST Capital Industry Leader, one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50, and a Brand that Matters by Fast Company. For more information, visit https://corporate.hasbro.com or @Hasbro on LinkedIn.
Some of the information contained in this press release includes forward-looking statements. In some cases, you can identify forward-looking statements by terms such as âmay,â âwill,â âshould,â âcould,â âmight,â âexpect,â âintend,â “target,” âplan,â âanticipate,â âbelieve,â âestimate,â âpredict,â âpotential,â âcontinue,â 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 are subject to a number of risks and uncertainties, many of which are beyond the control of the Company, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to, the ability to complete the Companyâs acquisition by Evolution Malta Holding Limited (âEvolutionâ), Evolution AB (publ)âs wholly owned subsidiary (the âMergerâ) on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to 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 (as defined herein) relating to the proposed Merger; risks that the proposed Merger disrupts the Companyâs current plans and operations or diverts the attention of the Companyâs management or employees from ongoing business operations; the risk of potential difficulties with the Companyâs 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 Companyâs 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 Merger or any further announcements or the consummation of the Merger on the market price of the Companyâs common stock; the ability of the Company 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. Additional information concerning these and other risk factors can be found in the Companyâs 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 Companyâs 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. Any forward-looking statement speak only as of the date on which it was made. The Company 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:Â
Phylicia Middleton (702) 938-1753Â
Investors:Â Â Â Â Â Â Â Â Â
Steve Kopjo (702) 727-8886
Other OTC:GLXZ
Galaxy GamingÂŽ Showcases the Future of Table Games at IGA 2025

LAS VEGAS, March 24, 2025 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTC: GLXZ), the worldâs leading independent developer and distributor of casino table games and technology, will showcase their innovative new table game operating system and player-favorite table games at this yearâs Indian Gaming Association (âIGAâ) Trade Show & Convention from April 3 â 4 in booth 2249 at San Diego Convention Center.
President and CEO of Galaxy Gaming, Matt Reback shared his excitement, stating, âWe’re thrilled to connect with our tribal partners at IGA 2025 to showcase our premier table games and cutting-edge solutions. We take pride in offering the industry’s most extensive collection of category-leading brands that truly resonate with players, all enhanced by technology that elevates the gaming experience. This powerful combination delivers transformative results for tribal operators looking to revitalize their gaming floor.
Galaxy Operating SystemÂŽ Sapphire – The Jewel of the Casino Floor
Transform your gaming floor with Galaxy Operating System (GOS) Sapphireâa revolutionary game management platform that redefines table game possibilities. Built by the industry’s foremost table game innovators, GOSÂŽ Sapphire seamlessly integrates progressive jackpots, state-of-the-art Nebula sensors, and digital tracking to deliver unparalleled performance and player engagement.
At the heart of GOS Sapphire lies the groundbreaking Dynamic Progressive⢠systemâan industry first that amplifies the excitement of Galaxy’s most successful progressive games. Unlike any other progressive, Dynamic Progressive adds an electrifying twist to Galaxyâs most popular progressives and paytables, with random pays multiplied by up to 10x each round! Dynamic Progressive and the new any-table mystery progressive will be available to play on a variety of games in-stand. GOS Sapphire also features enhanced TableVisions with a fully customizable screen and integrated min/max table limits.
The Smart Bet â The Worldâs Greatest Collection of Table Games
Galaxy Gaming showcases the industry’s most robust table game portfolio, blending time-tested classics with innovative new releases. Level up your casino floor with player favorites like 21+3ÂŽ, Perfect PairsÂŽ, and Lucky LadiesÂŽ, or amp up the excitement with fresh additions like Busted!, Blackjack Squeeze, and Triple LuckÂŽ, all powered by GOS.
EZ BaccaratÂŽ now comes enhanced with Galaxy Gaming’s coveted Golden TalonsÂŽ and Divine 9⢠side betsâincluded at no additional cost. In an industry-first, these fan-favorite side bets have been seamlessly integrated into EZ Baccarat, creating an even more exhilarating experience for players. These titles, along with the ever-popular Heads Up HoldâemÂŽ, High Card FlushÂŽ, and more, will be available to play at the booth.
Operators are invited to explore the possibilities at booth 2249 and discover how Galaxy Gaming can elevate their gaming operations. To stay up-to-date and for complimentary registration visit www.galaxygaming.com/IGA
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 worldâs leading licensor of proprietary table games to the online gaming industry. Galaxy Gaming has 131 licenses worldwide, including licenses in 28 U.S. states.
Some of the information contained in this press release includes forward-looking statements. In some cases, you can identify forward-looking statements by terms such as âmay,â âwill,â âshould,â âcould,â âmight,â âexpect,â âintend,â “target,” âplan,â âanticipate,â âbelieve,â âestimate,â âpredict,â âpotential,â âcontinue,â 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 are subject to a number of risks and uncertainties, many of which are beyond the control of the Company, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to, the ability to complete the Companyâs acquisition by Evolution Malta Holding Limited (âEvolutionâ), Evolution AB (publ)âs wholly owned subsidiary (the âMergerâ) on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to 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 (as defined herein) relating to the proposed Merger; risks that the proposed Merger disrupts the Companyâs current plans and operations or diverts the attention of the Companyâs management or employees from ongoing business operations; the risk of potential difficulties with the Companyâs 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 Companyâs 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 Merger or any further announcements or the consummation of the Merger on the market price of the Companyâs common stock; the ability of the Company 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. Additional information concerning these and other risk factors can be found in the Companyâs 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 Companyâs 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. Any forward-looking statement speak only as of the date on which it was made. The Company 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:Â
Phylicia Middleton (702) 938-1753Â
Investors:Â Â Â Â Â Â Â Â Â
Steve Kopjo (702) 727-8886
Other OTC:GLXZ
Galaxy GamingÂŽ and IGT PlayDigital Announce Five-Year Licensing Agreement for Table Game Content

LAS VEGAS, March 19, 2025 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTC: GLXZ) today announced a licensing arrangement with leading North American global iGaming content and services supplier IGT PlayDigitalâ˘. IGT PlayDigital will license Galaxy’s premium table game content for IGT PlayDigitalâs online content portfolio under a five-year agreement.
âIâm delighted to bring Galaxy games back to our valued partners at IGT,â said Jason McCulloch, Vice President of iGaming at Galaxy Gaming. âOur products complement each other strategically and given the impressive performance of IGT PlayDigitalâs table games, I’m confident that Galaxy Gaming titles will drive further growth and success for both companies.â
Under the agreement Galaxy’s popular online brands, including 21+3ÂŽ, Perfect PairsÂŽ, Buster BlackjackÂŽ, Lucky LuckyÂŽ, Lucky LadiesÂŽ and Caribbean StudÂŽ â will continue to strengthen IGT PlayDigitalâs already high-performing online table games portfolio.
âIGT PlayDigital is pleased to enhance our market-leading iGaming content portfolio with popular online table games from Galaxy Gaming,â said Gil Rotem, IGT PlayDigital President. âAs evidenced by IGT PlayDigitalâs high performing âIGT Blackjackâ game, players around the world readily enjoy table games on their PCs and mobile devices and we believe this content expansion will help our customers engage players and differentiate their offerings.â
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 worldâs 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 IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.
Some of the information contained in this press release includes forward-looking statements. In some cases, you can identify forward-looking statements by terms such as âmay,â âwill,â âshould,â âcould,â âmight,â âexpect,â âintend,â “target,” âplan,â âanticipate,â âbelieve,â âestimate,â âpredict,â âpotential,â âcontinue,â 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 are subject to a number of risks and uncertainties, many of which are beyond the control of the Company, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to, the ability to complete the Companyâs acquisition by Evolution Malta Holding Limited (âEvolutionâ), Evolution AB (publ)âs wholly owned subsidiary (the âMergerâ) on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to 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 (as defined herein) relating to the proposed Merger; risks that the proposed Merger disrupts the Companyâs current plans and operations or diverts the attention of the Companyâs management or employees from ongoing business operations; the risk of potential difficulties with the Companyâs 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 Companyâs 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 Merger or any further announcements or the consummation of the Merger on the market price of the Companyâs common stock; the ability of the Company 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. Additional information concerning these and other risk factors can be found in the Companyâs 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 Companyâs 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. Any forward-looking statement speak only as of the date on which it was made. The Company 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
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