Proactive Investors - Run By Investors For Investors

Casino supplier Galaxy Gaming's shares on a roll after winning a license from Ontario regulators

CEO Todd Cravens says the Las Vegas company is thrilled to offer its full line of products to customers in Ontario
Galaxy Gaming's popular High Card Flush premium game
The Canadian regulator’s nod allows Galaxy Gaming to supply its popular casino table games, electronic table games, and wagering systems to customers in Ontario

Galaxy Gaming Inc (OTCMKTS:GLXZ) shot up Wednesday after it announced it secured a manufacturer’s license from the Alcohol and Gaming Commission of Ontario (AGCO).

The Canadian regulator’s nod will allow the Las Vegas, Nevada-based company to supply its popular casino table games, electronic table games, and wagering systems to customers in Ontario. Founded in 2006, Galaxy Gaming markets its games to customers in North America and to cruise ships.

Investors reacted positively to the news and sent Galaxy Gaming shares up nearly 10% to $1.84 in afternoon trade, despite a broader market pullback.

READ: Bragg Gaming's revenue jumps in 2018, boosted by ORYX Gaming acquisition

“We are thrilled to offer our full line of products to our Ontario customers,” Galaxy Gaming CEO Todd Cravens said in a statement. “This is an exciting market for Galaxy, and we look forward to expanding our games and proprietary Progressive System with our friends in Ontario.”

Cravens has over 25 years of experience in the amusement and gaming industries and has held executive positions at American Gaming Systems and Betson Enterprises. 

Galaxy Gaming has an installed base of its products on over 5,000 gaming tables located in over 600 casinos. It owns over 20 different table games, including 21+3, Two-way Hold'em and Three Card Poker, which are played in over 250 casinos. Its premium games include High Card Flush, Three Card Poker and Texas Shootout.

In synch with the Internet age, Galaxy’s games can also be played online at 

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive

View full profile View Profile

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use