Profile: Galaxy Gaming Inc (GLXZ.PK)
26 Jul 2016
Galaxy Gaming, Inc., incorporated on August 7, 2002, is engaged in the business of designing, developing, manufacturing and/or acquiring casino table games and associated technology, platforms and systems for the global gaming industry. The Company markets its products to land-based, riverboat and cruise ship gaming establishments and to Internet gaming companies. It groups its products into four product categories: Proprietary Table Games, Enhanced Table Systems, e-Tables and Ancillary Equipment. The Company has an installed base of its products on over 5,000 gaming tables located in over 600 casinos. The Company owns over 20 different table games, including 21+3, Two-way Hold'em and Three Card Poker, which are played in over 250 casinos.
Proprietary Table Games
The Company designs, develops and delivers its Proprietary Table Games to enhance its casino clients' table game operations. Casinos use its Proprietary Table Games in lieu of those games in the public domain (Blackjack, Craps and Roulette). The Company's Proprietary Table Games are grouped into two product types: Side Bets and Premium Games. Side Bets are proprietary features and wagering schemes added to public domain games, such as poker, baccarat, pai gow poker, craps and blackjack table games. Examples of its Side Bet games include Lucky Ladies, 21+3 and Bonus Craps. Premium Games are stand-alone Proprietary Table Games with own set of rules and strategies. Its Premium Games include High Card Flush, Three Card Poker and Texas Shootout.
Enhanced Table Systems
Enhanced Table Systems are electronic enhancements used on casino table games to add to player appeal and to enhance game security. The Company includes three products in this category: Bonus Jackpot System, Inter-Casino Jackpot System and MEGA-Share. The Bonus Jackpot System facilitates a jackpot that players can win by making a qualified wager. The jackpot is awarded to a player (or players) upon obtaining a specific triggering event. The Company's Bonus Jackpot System can facilitate either a stagnant, adjustable or progressive style jackpot. The Bonus Jackpot System is an electronic system installed on gaming tables that is used to detect players' wagers, evaluate game play, determines dealer efficiency and to assist in calculating jackpots and bonusing offerings. The Bonus Jackpot System also includes an electronic display system used on gaming tables to display game information to the players known as TableVision. The Bonus Jackpot System allows the casino to collect and process data and in turn, offer jackpots and other bonusing schemes to players as determined by them using the data collected and processed.
The Company developed its version of an area progressive jackpot system for table games, Inter-Casino Jackpot System. The Company receives compensation by collecting a transaction fee from its casino clients either based upon the players' participation in the Inter-Casino Jackpot System or a flat monthly fee. MEGA-Share is a game-play methodology invented by the Company that allows a player to share in the winnings of a jackpot together with other players. MEGA-Share rewards the other players playing on other tables, other games, or even other casinos with a share of the MEGA-Share jackpot, provided that the players placed a qualifying MEGA-Share wager.
The TableMAX e-Table system is a fully automated, dealer-less, multi-player electronic table game platform. These platforms allow the Company to offer its table game content in markets where live table games are not permitted. Its e-Table product enables the automation of certain components of traditional table games, such as data collection, placement of bets, collection of losing bets and payment of winning bets.
The Company has across the world rights to a technology that detects card markings. With this technology, it developed SpectrumVision, one unit which can detect known card markings normally invisible.
The Company competes with Scientific Games, AGS, DEQ Systems, TCS/John Huxley, Masque Publishing, Aristocrat, Interblock, Aruze Gaming Corporation, Novomatic Industries and Multimedia Games.
Galaxy Gaming Inc
6980 O'Bannon Drive
LAS VEGAS NV 89117