Galaxy Gaming Obtains Key Approval in Pennsylvania
Company Also Provides Update Regarding Other Regulatory Matters
LAS VEGAS, Jan. 14, 2016 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC:GLXZ), announced today that the Pennsylvania Gaming Control Board granted certification to Galaxy as a Gaming Related Gaming Service Provider at its regularly scheduled meeting held on January 13, 2016 in Harrisburg, Pennsylvania. Galaxy Gaming is the world's second largest manufacturer and provider of casino table games and enhanced gaming systems. The Gaming Control Board’s action provides Galaxy Gaming with permanent certification to offer its products to casinos statewide.
“After a comprehensive background investigation and a thorough review of our business, including our key personnel, the Pennsylvania gaming regulatory authorities have determined Galaxy Gaming suitable to conduct business with casinos in their state,” said Robert Saucier, Galaxy Gaming's CEO. “This approval opens the door for us to aggressively expand our presence in the Keystone State. I want to commend all of the staff at the Gaming Control Board for their professionalism and courtesy,” added Mr. Saucier.
In addition to Pennsylvania, Galaxy Gaming is approved to conduct its gaming business in approximately 100 gaming jurisdictions in the U.S. and abroad. In 2013, the Company experienced a regulatory setback in California. While that matter is not final and is under appeal, Galaxy submitted a new application seeking a finding of suitability for California in 2014. The California regulatory body accepted that application and a new investigation is currently being conducted. The Company is optimistic it will be found suitable and be able to commence business in California later this year. In addition, the Company is seeking to expand its North American footprint into additional gaming jurisdictions, including Ohio, which is also working to complete its investigation of the Company sometime this year. Galaxy is also seeking to expand its role in Nevada and is in the midst of its background investigation there.
“After recognizing that we could enhance our regulatory compliance program, we made it a top priority,” stated Mr. Saucier. “We have invested heavily in strengthening our regulatory compliance program and recruited former gaming regulators and corporate regulatory compliance executives to join our team. Whilst we continue to make improvements and make our regulatory compliance a model program, the significant gains we have already made provides us with confidence to seek new approvals in new jurisdictions. The recent Pennsylvania approval underscores this commitment,” concluded Mr. Saucier.
About Galaxy Gaming
Headquartered in Las Vegas, Galaxy Gaming (galaxygaming.com) develops, manufactures and distributes innovative proprietary table games, state-of-the-art electronic wagering platforms and enhanced bonusing systems to land-based, riverboat, cruise ships and online casinos worldwide. Through its iGaming partner, Games Marketing, Ltd., Galaxy Gaming licenses its proprietary table games to the online gaming industry. The Company is also expanding its global presence through its partnership with WPT Enterprises, Inc., owner of the World Poker Tour. Galaxy Gaming is also the exclusive provider of SpectrumVision, a proprietary technology used to detect invisible markings on playing cards. Galaxy's games can be played online at FeelTheRush.com. Connect with Galaxy on Facebook, YouTube and Twitter.
CONTACT: Galaxy Gaming Gary A. Vecchiarelli (702) 939-3254
Released January 14, 2016