Gavin Isaacs to resign from Galaxy Gaming Board of Directors
The company stated his position will not be filled immediately, but instead put under consideration in the coming months.
Gavin Isaacs, having originally joined Galaxy Gaming’s Board of Directors in June 2019, has announced his intentions of stepping down from the Board effective August 30, 2024.
“Gavin has been a great asset to the Galaxy Board, and we will miss his presence and sage advice. He has been an integral part of our success and the company’s growth over his more than five years as a member of the Board,” Galaxy Gaming Board of Directors Chairman Mark Lipparelli said.
“We have made great progress over that time in positioning the company to pursue many exciting and new opportunities, and Gavin has been a significant contributor to that progress. We thank him for his tremendous insights and expertise, and we wish him the best in his future endeavors with Entain, and anywhere beyond that his journey may take him.”
Isaacs is set to become the CEO of Entain effective September 2, having been announced on July 22, 2024 by the company.
Galaxy Gaming also stated that Isaacs’ position on the Board of Directors will not be filled immediately, but will be considered in the coming months.
The personnel news comes after Evolution announced it would be acquiring Galaxy Gaming for a total equity value of $85m on July 18, 2024.
“This acquisition by Evolution empowers Galaxy to sustain and maintain its independence while continuing to focus on growth and expanding its operations, leveraging Evolution’s operational and financial strength to facilitate product sharing and drive cutting-edge omni-channel innovation,” Galaxy Gaming President and CEO Matt Reback said at the time of announcement.
The deal was approved by the Galaxy Gaming Board of Directors, including Isaacs, and is subject to customary closing conditions. Both companies anticipate the transaction to have been closed by the middle of 2025.
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