Arizona Gaming Officials Declare Galaxy Gaming Suitable; Issues Permanent Gaming License
February 18 2014 - 11:00AM
Galaxy Gaming, Inc. (OTCBB:GLXZ) the world's second-largest
distributor of proprietary casino table games, announced today that
the Arizona Department of Gaming has concluded its background
investigation of the Company and its officers and has found them
suitable to conduct business in Arizona. The suitability finding
resulted in Galaxy Gaming receiving a state certification license,
which authorizes it to conduct business with any gaming operation
in the state.
"The Arizona Department of Gaming possesses an impeccable
reputation among all experienced gaming regulators and attorneys
for their thoroughness and professionalism in performing background
investigations," declared John K. Maloney, a leading gaming
attorney and former regulator. "Their comprehensive
investigation concluded that Galaxy Gaming and its principals are
suitable participants in Arizona's burgeoning gaming industry."
Mr. Maloney, who represents Galaxy Gaming and other gaming
manufacturers worldwide, contrasted the Arizona approval to a
regulatory disappointment the Company experienced last year in
another west coast gaming jurisdiction. "Clearly, the setback
experienced last year is isolated and will likely be corrected as
more facts surface. Galaxy Gaming and its principals are of
the highest integrity and have been recognized by more than 100
jurisdictions as suitable to conduct business at all levels of the
gaming industry."
Robert B. Saucier, Galaxy's CEO, commented, "I concur with our
counsel and acknowledge the professionalism and courtesy afforded
by the Arizona Department of Gaming staff. I know they had a
number of complex issues to examine and they approached each one
methodically and completely. I want to thank them for the fair and
thorough approach they took throughout this process. They did
an outstanding job and we look forward to a long relationship in
the Grand Canyon state."
Dean Barnett, the Company's Sales Manager has been active in
securing future business with Native American casinos in
Arizona. "This certification clears the way for us to expand
and operate in all markets throughout Arizona," said Mr. Barnett.
"Having also received regulatory approval for our highly successful
proprietary Bonus Jackpot System (BJS), I am delighted to announce
that we are now live in a number of casinos with our innovative
table games, some of which are enhanced by our BJS system. I
am quite confident these and other products will find a special
connection and a lasting home there."
"On the heels of our recent expansion along the Eastern Seaboard
and Gulf Coast regions, as well as launching into the most select
casino properties in South Africa, expansion into Arizona is
another bottom-line beneficial result for the Company," said Gary
A. Vecchiarelli, Galaxy Gaming's Chief Financial Officer. "We
have once again demonstrated our ability to expand our global
footprint, one jurisdiction at a time. That's why 2014 is
expected to be our best year yet."
About Galaxy Gaming
Headquartered in Las Vegas, Galaxy Gaming (www.galaxygaming.com)
develops, manufactures and distributes innovative proprietary table
games, state-of-the-art electronic wagering platforms and enhanced
bonusing systems to land-based, riverboat, cruise ships worldwide,
and through its iGaming partner Games Marketing Ltd., Galaxy Gaming
licenses its proprietary table games to the online gaming
industry.
CONTACT: Jonathan Wilcox
(702) 939-3254
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