Galaxy Gaming, Inc.

Galaxy Gaming, Inc. announced an update regarding its merger agreement with Evolution Malta Holding Limited. The previously established Outside Date of July 17, 2026, for the merger's completion has passed without the satisfaction or waiver of the remaining regulatory closing conditions. While two gaming regulatory approvals are still pending, neither party has terminated the agreement, and Galaxy Gaming is currently evaluating its options, which include seeking an extension or terminating the merger agreement.

Galaxy Gaming reported a significant financial turnaround in Q1 2026, swinging to a net income of $1.37 million, compared to a net loss of $2.02 million in the prior year period. Basic EPS improved to $0.05 from $(0.08). While total revenue saw a slight decrease to $7.66 million, net cash provided by operating activities increased substantially. The company also provided an update on its pending merger with Evolution Malta Holding Limited, confirming the outside date has been extended to July 17, 2026, as gaming regulatory approvals are still being secured.