Galaxy Gaming acquires TableMAX Gaming

25 February 2011

LAS VEGAS, Nevada -- Las Vegas-based table game provider Galaxy Gaming announced Thursday it has essentially acquired a rival company.

In a statement, Galaxy said it entered an agreement with TableMAX Gaming to secure the rights to sell electronic versions of table games Caribbean Stud, Caribbean Draw, Progressive Blackjack, Texas Hold 'em Bonus and Blackjack Bullets.

No money was exchanged in the deal.

The transaction moves Galaxy into the electronic table game business. Because the games don't require a live dealer and are often classified as a slot machine, the company could place them in gaming markets that don't allow live table games.

Galaxy Gaming Chief Executive Officer Robert Saucier said the agreement would allow the company to develop electronic version of its nontraditional table games, Lucky Ladies, Texas Shootout, Emperor's Challenge and Deuces Wild.

Galaxy also named former Shuffle Master Gaming Chief Financial Officer Richard Baldwin to the company's board of directors. Baldwin was a consultant to TableMAX and worked on the transaction with Galaxy Gaming.

Galaxy Gaming went public in April 2009 on the Over-the-Counter Bulletin Board.

Galaxy Gaming shares rose 1 cent, or 4.76 percent, to close at 22 cents per share on Thursday.

Related Links
Live Dealer Games
Nevada Gambling


Copyright GamingWire. All rights reserved.
Featured Vendors
DFI
TDN Money Systems
DFI
The latest industry tech in slot and VLT motherboards, embedded systems, industrial panels
TDN Money Systems
Cage, cash/chip handling experts representing CountR, ARCA, AccuCASH, Fujitsu & NCR
AmericanChecked
TribalHub
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX
Rymax Marketing Services, Inc.
Slot Machines Unlimited
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
TOP ONE TECH LIMITED
RSA Executive Search
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs
.Dot-iGaming.com
Broadband Hospitality
.Dot-iGaming.com
Fully loaded advanced casino platform. One time (low) fee, 100% your property, start now!
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
Kallop
Casino City Press
Kallop
Reward every play like a VIP with exclusive luxury brands at affordable prices.
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Sunkist Graphics, Inc.
Casino Schedule Ease
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Betson Imperial Parts & Service
Oklahoma Indian Gaming Association (OIGA) Conference
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 9-11, 2022 in Tulsa!
Imagine This
Casino Network
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands


Your Guide to 15,515 Gaming Industry Suppliers