Cheryl Kondra joins Galaxy Gaming’s Board of Directors
Kondra is currently serving as Vice President of Internal Audit at Tractor Supply Company.
Galaxy Gaming, a developer of casino games and services for land-based and iGaming casinos, has today announced the appointment of Cheryl Kondra to its Board of Directors.
This appointment, effective December 2, 2021, will see Kondra vacate her role as Vice President of Internal Audit at the rural lifestyle retailer Tractor Supply Company. Throughout her career the director has gained extensive experience on several audit, compliance, legal and regulatory issues related to gaming.
“We are fortunate to have an individual with Cheryl’s experience join our Board,” commented Mark Lipparelli, Chairman of Galaxy’s Board of Directors.
“She knows firsthand the expectations stakeholders have of companies serving the gaming industry, and she has helped some of the largest companies in the business to exceed those expectations. I am confident Cheryl will bring material contributions to Galaxy as a member of the Board.”
With 20-plus years of experience in the gaming industry, Kondra has held roles as Chief Compliance Officer at Pinnacle Entertainment and as Caesar Entertainment’s Chief Audit Executive.
“I appreciate the invitation to join the Galaxy Board,” Cheryl Kondra . “And I look forward to bringing my recent experience at Tractor Supply as well as my decades working for multi-jurisdictional public gaming companies.”
Recently, Galaxy Gaming announced its financial results for the period ending September 30, 2021. Q3 revenue saw a year-on-year increase of over $3.5m, rising from $1.7m in 2020 to $5.28m this year. Adjusted EBITDA also saw growth, reaching $2.46m, primarily led by the return of brick-and-mortar casinos.
“In the third quarter of 2021, the company showed the potential we have been working toward since early 2020,” noted Todd Cravens, Galaxy’s president and CEO.
“Revenue, Adjusted EBITDA and Adjusted EBITDA Margin all set records, even as a meaningful portion of our UK land-based customers remained closed in the quarter. We expect our land-based business to continue to recover from the Covid closures and for our online business to continue to grow in both Europe and North America.”
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