Galaxy Gaming stockholders vote to approve acquisition by Evolution
The company recently held a special meeting to address the potential purchase.
Key Points
- The company a special meeting to take a vote on the pending transaction
- Galaxy expects the acquisition to conclude during the middle of next year
Stockholders from Galaxy Gaming recently gave the green light to allow Evolution Malta Holding Limited and its Evolution AB subsidiary to acquire the company’s assets.
The company held a “special meeting” yesterday that gave stockholders a chance to weigh in on the pending merger.
Galaxy further discussed the details of the upcoming deal in a statement, “The transaction is expected to close mid-2025 and is subject to customary closing conditions, including the receipt of regulatory approvals.
“Upon completion of the transaction, Galaxy Gaming will become a privately held company, and shares of Galaxy Gaming common stock will no longer be listed on any public market.”
The company went on to add that it will report the final voting results of the special meeting to the US Securities and Exchange Commission (SEC) by filing a Form 8-K.
Good to know: Galaxy Gaming develops and distributes games, technology and bonus systems to both online and land-based casinos around the world
Its Progress Gaming Partners subsidiary is a global licensor of proprietary tables games for the online gaming industry.
Galaxy Gaming has currently installed its recently released next-generation game management system on several cruise ships.
The company’s operating system features LED sensors, progressive jackpot options and digital tracking.
Evolution recently released its Crazy Time live game to players in Michigan. Crazy Time is designed to engage players who want to watch as well as play and has been known throughout the global market as a key title.
The company currently offers Crazy Time in five US states.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
