Evolution to acquire Galaxy Gaming in $85million deal

Evolution has reached a deal to buy Galaxy Gaming for a cash payment of about $85 million, which represents the total equity value. With relationships with casinos all over the world, Galaxy Gaming is well-known for its table games and gaming technology solutions. Evolution made the acquisition as part of a plan to increase its market share in the US and provide gaming content to its customers.

 

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The acquisition of Galaxy Gaming by Evolution for $85 million in cash is a significant move that showcases Evolution's commitment to expanding its market share in the US and enhancing its offerings to customers. Galaxy Gaming's reputation for providing innovative table games and gaming technology solutions makes it a valuable asset for Evolution as it seeks to strengthen its position in the industry.

With Galaxy Gaming's established relationships with casinos worldwide, Evolution can leverage this network to further grow its presence and reach new markets. This acquisition not only allows Evolution to diversify its portfolio but also enhances its ability to deliver a wider range of gaming content to its customers.

Overall, this deal highlights the competitiveness and continuous evolution of the gambling industry, as companies like Evolution seek strategic acquisitions to stay ahead in the market and meet the increasing demands of customers for innovative gaming solutions.