Profile: Galaxy Gaming Inc (GLXZ.PK)
25 Feb 2015
Galaxy Gaming Inc., formerly Secured Diversified Investment, Ltd. (SDI), incorporated on November 22, 1978, is engaged in the designing, developing, manufacturing and acquiring proprietary casino table games and associated technology, platforms and systems for the 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, electronically enhanced table game platforms or fully-automated electronic tables. As of December 31, 2013, it had an installed base of its products on approximately 3,700 gaming tables located in over 500 casinos. The Company owns over 20 different table games, including 21+3, Two-way Hold'em and Three Card Poker from Prime Table Games and also owns the table games Bonus Craps, Four The Money, Rainbow Poker and Roulette Craps.
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 three products in this category: Bonus Jackpot System, Inter-Casino Jackpot System and MEGA-Share.
The Bonus Jackpot System is an advanced electronic system installed on gaming tables that is used to detect players’ wagers, evaluate game play, determine 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. 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. 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. 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.
The TableMAX e-Table system is fully 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 Bally Technologies, DEQ Systems, TCS/John Huxley, and Masque Publishing Publishing.
Galaxy Gaming Inc
6980 O'Bannon Drive
LAS VEGAS NV 89117