Profile: Galaxy Gaming Inc (GLXZ.PK)

GLXZ.PK on OTC Markets Group

0.36USD
21 Oct 2014
Price Change (% chg)

$-0.09 (-20.00%)
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$0.45
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Volume
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Galaxy Gaming Inc., formerly Secured Diversified Investment, Ltd. (SDI), incorporated on November 22, 1978, is engaged in the designing, developing, manufacturing and 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 three product categories: Proprietary Table Games, Enhanced Table Systems and e-Tables. As of December 31, 2011, it had an installed base of its products on over 2,500 gaming tables located in over 500 casinos. In October 4, 2011, the Company acquired over 20 different table games, including 21+3, Two-way Hold'em and Three Card Poker from Prime Table Games. In November 1, 2011, it acquired the table games Bonus Craps, Four The Money, Rainbow Poker and Roulette Craps from Lakes Entertainment, Inc.

Proprietary Table Games

The Company develops and delivers titles that enhance its casino clients’ table game operations. Products in this segment are grouped into two categories, which include Premium Games, as well as features added to public domain games, such as poker, baccarat, pai gow poker and blackjack table games, also known as Side Bets. Casinos use the Company’s table games in lieu of those games in the public domain. Galaxy Gaming Inc. offers several standalone Proprietary Table Games. Its Premium Games include Texas Shootout, Emperor’s Challenge, Three Card Split and Triple Attack Blackjack. It offers several Side Bet games, which include Lucky Ladies, Bonus Blackjack, Suited Royals, Super Pairs and Lucky 8 Baccarat.

Enhanced Table Systems

Enhanced Table Systems are electronic enhancements used on casino table games to add to player appeal and to enhance game security. It includes in this product category its Bonus Jackpot System, its Inter-Casino Jackpot System and MEGA-Share.

Bonus Jackpot System

The Company is engaged in research and development to create an electronically enhanced table game platform known as the Bonus Jackpot System. The Bonus Jackpot System consists of two independent sub-systems known as the Bet Tabulator System and TableVision. The Bet Tabulator System is an advanced system installed on gaming tables that is used to detect player’s wagers. Casinos use this system to evaluate game play, determine dealer efficiency and to assist in calculating jackpots and bonusing offerings. TableVision is an electronic display system used on gaming tables to display game information to the players in lieu of traditional static paper or plastic displays. Casinos use TableVision as an enhanced display to generate additional player interest and to promote various aspects of the game offered such as jackpots and bonusing programs. When the Bet Tabulator System and TableVision are used together, the Bonus Jackpot System allows the casino to seamlessly collect and process data and in turn, offer jackpots and other bonusing schemes to their players as determined by them using the data collected and processed.

Enhanced Table Systems

In April 2011, using the Company’s Andromeda2 Bonus Jackpot System, it implemented its Inter-Casino Jackpot System in Nevada by connecting nine casinos located in Las Vegas which are operated by Station Casinos, a Las Vegas based, locals oriented, casino chain. This system linked its Deuces Wild game operating in each of the nine casinos and allowed Station Casinos to offer a combined jackpot.

Enhanced Table Systems

MEGA-Share is a game play methodology invented by the Company, which allows a player of one of its table games to share in the winnings of a jackpot together with other players.

e-Tables

The TableMAX e-Table system is automated, dealer-less, multi-player electronic table game platform. These platforms allows it to offer its table game content in markets where live table games are not permitted, such as racinos, video lottery and arcade markets. 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 competes with Shuffle Master Gaming, DEQ Systems, TCS/John Huxley, Masque Publishing, Prime Table Games and Gaming Entertainment.

Company Address

Galaxy Gaming Inc

6980 O'Bannon Drive
LAS VEGAS   NV   89117
P: +1702.9393254
F: +1702.9393255

Company Web Links

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