A recent vote by Galaxy Gaming’s shareholders approved the acquisition of Galaxy’s assets by Evolution Malta Holding Limited, a division of Evolution AB. The impending merger, which is anticipated to result in major changes for Galaxy Gaming, gave shareholders a chance to voice their opinions during a special meeting.
Transition to Private Ownership Set for 2025
In a statement following the stockholder vote, Galaxy Gaming outlined the next steps for the transaction. “The transaction is expected to close mid-2025 and is subject to customary closing conditions, including the receipt of regulatory approvals,” the company shared. Once the deal is finalized, Galaxy Gaming will become a privately held entity. Consequently, Galaxy Gaming common stock will be removed from any public stock exchange listings.
Additionally, Galaxy Gaming announced plans to submit the final voting results of the special meeting to the US Securities and Exchange Commission (SEC) through a Form 8-K filing. The company’s subsidiary, Progress Gaming Partners, will continue to act as a global licensor for Galaxy’s proprietary table games used in the online gaming industry.
In recent years, Galaxy Gaming has made strides with its new game management system, featuring LED sensors, progressive jackpots, and digital tracking. This system has already been deployed on several cruise ships, enhancing the gaming experience for players in transit.
On the Evolution side, the business has expanded within the United States by bringing its well-liked Crazy Time live game to Michigan. Now accessible in five states, Crazy Time—known for its visual appeal and interactive elements—helps Evolution expand its market share in the US gaming industry.
The merger will improve Evolution’s position in the U.S. market and expand its selection of table games, while regulatory permissions are still needed. Galaxy’s move to private ownership under Evolution’s leadership is a big change, particularly since Evolution wants to spread its in-house games and systems throughout North America and beyond.
The post Galaxy Gaming Stockholders Approve Evolution’s Acquisition of Assets appeared first on iGaming.org.