LAS VEGAS, Nevada -- (PRESS RELEASE) -- 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
About Galaxy Gaming
Headquartered in Las Vegas, Galaxy Gaming
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.
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