Galaxy Gaming Obtains Colorado Approvals and Announces Major Expansion
GLXZ Leaps to Becoming Colorado's Number 1 Provider of Casino Table Games
LAS VEGAS, Sept. 17, 2012 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCBB:GLXZ), the world's second largest developer, manufacturer and distributor of casino table games and enhanced casino systems, announced today it has received recent approval from the Colorado Gaming Control Commission for additional products in Colorado that will result in a significant expansion for the Company. The effective date of the approval was Friday, September 14, 2012.
Approximately 20 state-regulated casinos in Colorado now offer live casino table games. When the Company completes fulfillment of its current commitments, Galaxy Gaming's proprietary table games will be operated in 17 out of the 20 casinos. The Colorado casino table game market has greatly benefited in recent years due to legislative changes in the wagering limits hours of operation and types of table games authorized. The expansion by Galaxy Gaming positions it as the number one provider of table games in Colorado.
"During the past few years, the interest in Galaxy Gaming's products in Colorado has steadily increased," stated Dean Barnett, Galaxy Gaming's Regional Sales Manager for Colorado. "However many of the operators have been awaiting this recent approval, which will serve as a catalyst for a rapid expansion of Galaxy Gaming's products in Colorado. This is a great opportunity for us."
"Fresh off of our announcement last week that we have achieved becoming the number one company in Pennsylvania in terms of table game market share, we are again thrilled to announce that we are achieving similar status in Colorado," commented Robert Saucier, Galaxy's CEO. "Having visiting this vibrant market recently, I believe that we have certain specialized products that dovetail perfectly into the Colorado casino operators' needs. I foresee some of our other products, if also approved by the Colorado Gaming Control Commission, will allow Galaxy Gaming to continue to increase its market presence in 2013 and beyond.
Global Gaming Expo
Galaxy Gaming also announced that these recently approved products as well as some previously unreleased products will be on display at the upcoming Global Gaming Expo, to be held Tuesday October 2 through Thursday October 4 at the Sands Convention Center in Las Vegas. The Company will be located in Booth # 1617.
About Galaxy Gaming
Headquartered in Las Vegas, Galaxy Gaming (www.galaxygaming.com) is the world's second largest developer, manufacturer and distributor of casino table games including Lucky Ladies, Texas Shootout, Emperor's Challenge, Deuces Wild, 21+3, Three Card Poker and Bonus Craps. In addition, it develops innovative and enhanced electronic wagering platforms and systems such as its Bonus Jackpot System, its Inter-Casino Jackpot System, MEGA-Share and the TableMAX e-Table Gaming System. Galaxy Gaming distributes its products to casinos worldwide.
CONTACT: Galaxy Gaming Robert Saucier, CEO Gary Vecchiarelli, CFO (702) 939-3254