Galaxy Gaming Approved By Key Maryland State Agency
LAS VEGAS, March 26, 2013 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. ( GLXZ), announced today it has received approval from the Maryland Lottery and Gaming Control Agency to provide its products to casinos in the state. The Las Vegas-based company is the world's second-largest developer, manufacturer and distributor of cutting-edge products for the casino industry, including casino table games, enhanced game systems and e-Tables.
Products likely to be introduced into Maryland include popular casino games Lucky Ladies, Texas Shootout, Emperor's Challenge, Deuces Wild, 21+3, Bonus Craps and High Card Flush, which was voted Casino Journal's Best New Table Game of 2012 . In addition, Galaxy intends to offer the Company's innovative and enhanced electronic wagering platforms and systems including Bonus Jackpot System, Inter-Casino Jackpot System and MEGA-Share System.
"Recent legislation now allows live table games in Maryland, which makes this a very attractive market for us," stated Dean Barnett, Regional Sales Manager for Galaxy. "This is a rapidly growing market with 12 casinos now operational or planned."Penn National Gaming (Nasdaq:PENN) operates the Hollywood Casino in Perryville and is the first Maryland casino to include Galaxy's products. "Hollywood Casino Perryville was excited to bring table games to Maryland and was pleased to work with Galaxy Gaming during the process," said Penn's Bill Hayles, General Manager for Hollywood Casino. "Fresh on the heels of our recent Louisiana approvals, we are equally pleased to announce our Company's approval in Maryland," said Robert Saucier, Galaxy Gaming's CEO. "Maryland is a solid market and our expansion into the state solidifies our presence in the growing Atlantic Coast gaming industry and will contribute to our increasing global recurring revenue base. Together with Louisiana, we are presented with new opportunities for our Company to further grow domestically, particularly as more and more governments discover the benefits of authorizing gaming in their respective jurisdictions. I want to thank the gaming regulatory officials in Maryland for their efficiency in approving our application."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV