Galaxy Gaming Reports Record Q1 Performance as Matt Reback Steers Innovation Forward

MEV_Whisperer · 2025-12-31T09:59:32+00:00

Galaxy Gaming reported strong Q1 financial results, with a 20% revenue increase driven by the successful launch of EZ Baccarat. The company dominates blackjack side bets and has expanded its digital presence, further aided by the appointment of a new CFO to support growth.

MEV_Whisperer

2025-12-31 09:59:32

Abstract generation in progress

Galaxy Gaming, the Las Vegas-based gaming solutions company with three decades of industry experience, has unveiled impressive Q1 financial results driven by robust demand for its table game portfolio. The company, which originated from the creation of Lucky Ladies side bet, revealed record-breaking gross and net revenues marked by substantial year-over-year expansion.

The quarter demonstrated the strength of Galaxy Gaming’s diversified product strategy across both physical and digital channels. Gross revenue in the core business segment surged by $1 million, representing a 20% increase, while net revenue climbed $225,000. This upward trajectory reflects accelerating adoption of the company’s game suite among global casino operators and online gaming platforms.

Driving Growth Through Strategic Launches

A primary catalyst for the revenue expansion has been the rollout of EZ Baccarat, which commenced in September 2023 and emerged as the dominant contributor to recurring license revenue expansion. The game’s strong performance underscores market appetite for Galaxy Gaming’s proprietary solutions designed for both traditional blackjack and baccarat enthusiasts.

The company’s market reach spans over 600 land-based casinos and 76 cruise ships worldwide, with its offerings encompassing traditional felt games, electronic table games, and interactive gaming experiences. A standout achievement involves the company’s dominance in blackjack side bets—Galaxy Gaming commands five of the top seven positions in this category, including the widely popular 21+3 and Perfect Pairs variants. Digital expansion has proven equally compelling, with the platform recording 3.5 billion wagers annually through strategic collaborations with major players such as Evolution and Playtech.

Leadership Strengthened with CFO Appointment

To support this growth trajectory, Galaxy Gaming appointed Steve Kopjo as Chief Financial Officer, bringing seasoned expertise in gaming finance. Kopjo’s background encompasses senior finance roles at several publicly traded gaming enterprises, including SHLF Entertainment, Wynn Resorts, Play AGS, and Everi Holdings, where he served as Vice President of Finance. His career foundation includes audit experience at Ernst & Young, where he earned his CPA designation while specializing in casino operator accounting.

Matt Reback continues to guide the company’s strategic direction, overseeing a product portfolio that balances innovation with proven market appeal. With this leadership structure and demonstrated financial momentum, Galaxy Gaming positions itself for sustained expansion in competitive gaming markets.

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