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Galaxy Gaming Reports Q2 2019 Financial Results

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Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems, announced today its financial results for the fiscal quarter and half-year ended June 30, 2019.

Financial Highlights

Q2 2019 vs. Q2 2018

  • Revenue increased 19% to $5,399K
  • Adjusted EBITDA increased 45% to $2,405K1
  • Net income of $1,055K vs. net loss of $(596)K

H1 2019 vs. H1 2018

  • Revenue increased 21% to $10,746K
  • Adjusted EBITDA increased 38% to $4,424K2
  • Net income of $1,516K vs. net loss of $(60)K 

Balance Sheet Changes (vs. December 31, 2018)

  • Cash increased 29% to $8,172K
  • Total debt (gross) increased 376% to $48,562K due to the May 2019 stock redemption
  • Stockholders’ deficit of $(29,591)K vs. stockholders’ equity of $7,457K due to the May 2019 stock redemption

Executive Comments

“Q2 2019 was a very good quarter for us at both the revenue line and the expense line.  As a result, quarterly net income exceeded $1 million for the first time in our history,” said Todd Cravens, Galaxy’s President and CEO. “We saw year-over-year revenue growth in all of our continuing product lines, with especially good growth in progressives and iGaming. Looking ahead, we will have our largest booth ever at G2E in October and will be showing a number of exciting new games and electronics products.”

“The stock redemption transaction we completed in May 2019 significantly changed our balance sheet, but the underlying business fundamentals are intact,” stated Harry Hagerty, Galaxy’s CFO.  “Our growing EBITDA and free cash flow have allowed us to comfortably service our bank debt, and we feel confident that we will also be able to comfortably cover the interest expense on the redemption debt (which has no principal payments until 2029) and other operating needs.”

Forward-Looking Statements

Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Galaxy cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information due to a number of factors, including those listed from time to time in reports that Galaxy files with the Securities and Exchange Commission.

About Galaxy Gaming

Headquartered in Las Vegas, Nevada, Galaxy Gaming (galaxygaming.com) develops and distributes innovative proprietary table games, state-of-the-art electronic wagering platforms and enhanced bonusing systems to land-based, riverboat, cruise ships and online casinos worldwide.  Through its iGaming partner Games Marketing Ltd., Galaxy Gaming licenses its proprietary table games to the online gaming industry.  Galaxy’s games can be played online at FeelTheRush.com.  Connect with Galaxy on Facebook, YouTube  and Twitter.

Contact:
Media: John Strickland (702) 938-1753
Investors: Harry Hagerty (702) 938-1740

1 Adjusted EBITDA in Q2 2019 includes an addback for approximately $170K of legal and other expenses related to our review of strategic alternatives, litigation expenses related to the May 2019 stock redemption transaction and certain other non-recurring expenses.

2 Adjusted EBITDA in H1 2019 includes an addback for approximately $766K of legal and other expenses related to our review of strategic alternatives, litigation expenses related to the May 2019 stock redemption transaction and certain other non-recurring expenses.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Galaxy Gaming Reports Q2 2019 Financial Results

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Sweet Fortune Megaways: A Sweet Slot with Free Spins and Expanding, Multiplying Wilds

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MGA Games has announced the launch of its new slot, Sweet Fortune Megaways, in the .com markets on August 25th. This game transports players to Sugarland, a magical universe made of sweets and candy. Set in the city of Candyville, where chocolate rivers and caramel streets create a unique atmosphere, the title features the Megaways mechanic and promises a memorable experience.

The gameplay is full of surprises. Players can enter a majestic candy palace through the Free Spins screen, where prizes multiply and a mini game is activated inside the Grand Prize Hall. This combination of mechanics, setting, and interactive elements has been designed to maximize user engagement.

Among its main innovations are random multiplying Wilds (x2, x3), expanding Wilds, and the Megaways structure, which allows for thousands of possible combinations with each spin. Additionally, this marks the first time MGA Games has embraced a candy-themed slot, aligning with the most popular trends in the gaming and entertainment sectors.

The game will also be available in Spain starting September 1st under the name Dulce Fortuna Megaways, and in Portugal beginning October 27th under the title Doce Fortuna Megaways. With this launch, MGA Games continues its international expansion strategy, offering localized, high-performance products for online casino operators.

The post Sweet Fortune Megaways: A Sweet Slot with Free Spins and Expanding, Multiplying Wilds appeared first on European Gaming Industry News.

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1st Partners – Direct Advertiser for Tier-1 markets

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In the crowded world of iGaming affiliate marketing, where networks often overpromise and underdeliver, a new player has established itself by focusing on fundamentals that matter most: transparency, reliability, and direct access to high-value markets. 1st Partners has entered the industry as a direct advertiser for Tier-1 countries, offering affiliates the chance to work directly with in-house brands instead of relying on intermediaries. This model not only guarantees more control but also unlocks the true potential of Tier-1 markets such as Europe and Canada.

The advantage of working with a direct advertiser is clear. Affiliates no longer face the uncertainty of resellers or white-labels. With 1st Partners, every promoted brand, from BeonBet to BitStake, SlotRush, and Betsomnia, is fully owned and operated by the program. The result is consistency, stability, and a user experience tailored for conversion and retention. By cutting out middle layers, affiliates gain access to products designed with one purpose: turning traffic into loyal, depositing players.

Equally important is the strategic choice of Tier-1 markets. Affiliates often chase GEOs that look profitable in the short term but collapse under weak regulation or low player value. Tier-1 countries represent the opposite. Players in these regions deposit more per session, often commit to long-term gaming, and deliver higher lifetime value. Economically stable, with strong digital infrastructure and clear regulations, Tier-1 geos like Europe and Canada ensure predictable revenue and reliable growth. For affiliates, this means bigger checks, consistent payouts, and campaigns that can scale sustainably over time.

The financial structure offered by 1st Partners reinforces this positioning. As a Direct advertiser, the program begins with a 40% RevShare baseline and no negative carryover, providing a strong foundation even for newcomers. For teams that prefer immediate returns, CPA and hybrid models are negotiable, and a five percent referral commission adds another layer of monetization. Crucially, the program operates on Affilka by SoftSwiss, which delivers hourly data updates and supports API and postback integrations. Net Gaming Revenue is calculated with a clear and open formula, giving affiliates full transparency and eliminating the hidden deductions that are common in indirect networks.

Payments are another area where the Direct advertiser model shows its strength. Affiliates can withdraw earnings from as little as €100 through crypto or e-wallets, while wire transfers start at €1,000. Payouts are processed monthly, with Skrill and crypto finalized by the 15th and bank wires by the 21st. The availability of multiple payment methods, from PayPal to Neteller and SEPA, ensures that affiliates of all sizes can manage cash flow effectively and reinvest into campaigns without delays.

Beyond terms and technology, 1st Partners has gained praise for its approach to support. Affiliates consistently note that managers are not simply account handlers but real partners who provide timely responses and proactive advice. This is a reflection of the Direct advertiser mindset: when the affiliate succeeds, the brand succeeds. Instead of standardized replies, affiliates receive optimization tips, creative assistance, and in many cases, custom deal adjustments. This level of involvement is particularly valuable for media-buying teams operating in competitive channels such as PPC or social ads.

Reputation in the industry has followed quickly. On community platforms and review sites, affiliates highlight on-time payments, straightforward contracts, and the reliability of the team. Transparency about the company’s structure has further strengthened confidence, as 1st Partners has openly clarified its position as a Direct advertiser with independent brands and infrastructure. For affiliates who have grown cautious of programs that shift responsibility or fail to deliver, this level of clarity has been a welcome change.

Taken together, the strengths of 1st Partners outline a clear choice for affiliates aiming at the top tier of iGaming performance. It is a Direct advertiser with exclusive in-house brands, focused on Tier-1 regions where deposits are higher, lifetime value is stronger, and regulation provides security. It offers a generous RevShare baseline, flexible CPA options, transparent reporting, and payments designed for affiliates rather than against them. Most importantly, it delivers a true partnership model where affiliates are treated as essential collaborators rather than just sources of traffic.

In a market where networks come and go, the long-term opportunity is in aligning with programs that own their products, pay on time, and focus on quality markets. 1st Partners checks all these boxes. For affiliates ready to expand in Europe and Canada, it is not just another affiliate program — it is a Direct advertiser designed for Tier-1 success, and a partner built for the future of iGaming.

The post 1st Partners – Direct Advertiser for Tier-1 markets appeared first on European Gaming Industry News.

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Bitstrike.io – The Best Crypto Casino Experience With Huge Welcome Bonuses

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Why Choose Bitstrike As Your Go-To Crypto Casino?

Players worldwide are switching from traditional platforms to crypto casinos because they want speed, fairness, and the freedom to play on their own terms.

That’s what Bitstrike.io delivers. As one of the best crypto casinos, Bitstrike combines huge welcome bonuses, exclusive promotions, a rewarding VIP club, and thousands of games from world-class providers.

Welcome to Bitstrike – Massive Bonuses for New Players

Bitstrike doesn’t just welcome new players – it sets them up for success from the very first spin.

  • Standard Welcome Bonus Pack – up to 5 BTC + 150 Free Spins

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Imagine doubling your first BTC deposit instantly and getting 180 Free Spins to explore top slots — that’s the power of Bitstrike’s welcome.

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Exclusive Promotions & Ongoing Rewards

After your first deposit, the fun doesn’t stop:

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VIP Club – Unlock Rewards at Every Level

Every bet gets you closer to elite rewards. With the Bitstrike VIP Club, you unlock cashback, reloads, and personal gifts tailored to your play.

Whether you’re a casual player or a high-stakes crypto whale, the VIP program ensures your loyalty always pays off.

Thousands of Games From Top Providers

Choose from over 3,000 games, including:

  • Bitcoin Slots – classics, megaways, bonus buys
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Providers include BGaming, Pragmatic Play, Betsoft, Spinomenal, Evolution, Evoplay, and more.

Deposits, Withdrawals & No-Limits Crypto Banking

  • Supported Currencies: BTC, ETH, USDT (and others)
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  • Limits:

    • Standard: €10,000/month
    • Balance >10× deposits: €5,000/month
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      A true BTC casino and Ethereum casino for players who want borderless, secure, and flexible crypto payments.

Play Safe, Play Smart – Why Bitstrike is the Best Crypto Casino

Bitstrike ensures a safe and fair environment:

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  • Licensed operation guarantees fair play
  • 24/7 Support via live chat and email
  • Mobile-Friendly design for gaming on the go

Final Thoughts – Strike Big With Crypto Gaming

If you’re searching for the best crypto casino with explosive bonuses, fast BTC & ETH payments, and a VIP club that actually pays off, Bitstrike.io is your winning move.

Whether you want to spin the reels of bitcoin slots or chase jackpots with the High Roller BOOMSTRIKE bonus, Bitstrike is where you can truly play on crypto without limits.

👉 Don’t miss out — Join Bitstrike.io today, grab your welcome pack, and start striking big with crypto!

🎯 FAQ – Bitstrike Crypto Casino

Q1: What is the Bitstrike welcome bonus?
 New players can claim up to 4.5 BTC + 150 Free Spins with their first deposits. High rollers can use code BOOMSTRIKE to get 100% up to 6,000 USDT + 180 Free Spins.

Q2: How fast are withdrawals at Bitstrike?
 Withdrawals are processed within 72 hours. With crypto transactions, funds often arrive faster.

Q3: Is Bitstrike a no limits casino?
 Bitstrike offers higher limits than most casinos. Standard withdrawals are up to €10,000/month, with special conditions at €5,000.

Q4: Does Bitstrike have a VIP program?
 Yes! The Bitstrike VIP Club rewards loyal players with cashback, reloads, gifts, and exclusive bonuses at every level.

Q5: Can I play with Ethereum as well as Bitcoin?
 Absolutely. Bitstrike is both a BTC casino and an Ethereum casino, supporting multiple cryptos including BTC, ETH, LTC, XRP, BCH, DOGE and USDT.

The post Bitstrike.io – The Best Crypto Casino Experience With Huge Welcome Bonuses appeared first on European Gaming Industry News.

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