This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Galaxy Gaming's "Bonus Craps" Tops 100 Installations

Stocks in this article: GLXZ

LAS VEGAS, Jan. 9, 2013 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC:GLXZ), announced today its casino table game known as "Bonus Craps" has surpassed 100 installations - representing a milestone for the Company and its product.

"This is an important development for Galaxy Gaming, as well as for our clients in the gaming industry, in which we are a major player," commented Robert B. Saucier, CEO of Galaxy Gaming, the world's second largest developer, manufacturer and distributor of casino table games and enhanced casino systems. "We predicted Bonus Craps would be a winner for us and it has exceeded our high expectations."

Bonus Craps is an enhancement to the well-known dice game that permits players to place additional optional wagers - affording them the opportunity to win up to 175 times their wager. It was acquired by Galaxy from Lakes Entertainment (Nasdaq:LACO) in November 2011. Jack Malisow, formerly of Lakes Entertainment and now with Galaxy Gaming stated, "History proves that 95% of the casino operators who trial Bonus Craps eventually spread it to all of their craps tables. Players have responded favorably and our clients have increased their profitability. Casino operators have told me they expect Bonus Craps will soon be the standard on all crap tables across the country."

"Bonus Craps has been a solid performer for us this past year and has a quality that we refer to as 'stickiness' - that is, when we install it into a casino, it stays in," continued Mr. Saucier. "There were approximately 40 installations when we acquired it, so we are pleased with last year's 150% increase. Although the growth rate for 2013 cannot be accurately predicted, I do see continued positive momentum for this innovative game."

About Galaxy Gaming

Headquartered in Las Vegas, Galaxy Gaming ( www.galaxygaming.com ) is the world's second largest developer, manufacturer and distributor of casino table games including Lucky Ladies, Texas Shootout, Emperor's Challenge, Deuces Wild, 21+3, Three Card Poker and Bonus Craps. In addition, it develops innovative and enhanced electronic wagering platforms and systems such as its Bonus Jackpot System, its Inter-Casino Jackpot System, MEGA-Share and the TableMAX e-Table Gaming System. Galaxy Gaming distributes its products to casinos worldwide.

CONTACT: Galaxy Gaming
         Robert Saucier, CEO
         Gary A. Vecchiarelli, CFO
         (702) 939-3254

company logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs