Galaxy Gaming Acquires Assets From Red Card Gaming
Purchase Includes the Popular "High Card Flush" Table Game
LAS VEGAS, Sept. 26, 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 acquired assets pertaining to the casino table game known as High Card Flush from Red Card Gaming, Inc. The game is approved in Nevada after completing a successful field trial last year. High Card Flush previously was offered by Caesar's Entertainment in Nevada exclusively, but will now be available to casinos worldwide. Terms of the acquisition were not disclosed.
"From the moment our team first encountered High Card Flush, we knew we wanted it to be a part of our portfolio," stated Ron Marks, VP of Sales. "It has some unique qualities never before seen in a casino table game and as a result, some hesitation among players was initially observed. However, as the game gained exposure, it built up a loyal following and is becoming a top performer. While actual numbers must remain confidential, it is clear that all measurements of the game's performance, such as 'drop,' 'hold' and 'win' has risen exponentially since it was first installed," added Mr. Marks. "We believe we have a true winner in our 'premium game' category and are optimistic it will be a great contributor to expanding our recurring revenue base."
"Acquiring this outstanding game continues our highly successful string of accretive acquisitions," commented Robert Saucier, Galaxy's CEO. "As we have previously indicated, our targeted growth will be derived from a combination of internal organic expansion as well as strategic acquisitions. This acquisition fits perfectly with that plan."
Global Gaming Expo
Galaxy Gaming also announced that High Card Flush 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. In addition to showcasing High Card Flush, Galaxy Gaming will exhibit and demonstrate numerous other table games including, 21+3, Emperor's Challenge Pai Gow Poker, Lucky Ladies Blackjack, Buffalo Blackjack Bonus, Bust Bonus, WPT 3X Raise Hold'em, WPT Two Way Hold'em, Bonus Craps, Yes Dice and Lucky Win Baccarat. In addition, Galaxy Gaming will showcase its electronic products such as its Bonus Jackpot System, MEGA-Share, Inter-Casino Jackpot System and a brand new version of its Table-MAX fully automated e-Table.
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