Deals & M&A1 min read
Galaxy Gaming reported Q3 net income of $5.1 million, including a $5.2 million termination fee linked to the failed Evolution acquisition. The available figures concern the company’s third-quarter results.
Galaxy Gaming reported net income of $5.1m in Q3, benefiting from a $5.2m termination fee following the failed Evolution acquisition.
Quarter ended 30 June 2026
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It was reported that Evolution gave notice ending its Galaxy Gaming merger agreement. Evolution agreed to a $5.2m termination fee.
It was reported that Galaxy Gaming is considering extending or ending its merger agreement with an Evolution subsidiary after the planned closing date passed. Neither side had terminated the agreement.
Evolution AB has ended its previously announced acquisition of Galaxy Gaming after the deadline to close the transaction passed. Evolution published a notice announcing termination of the deal, and the report was updated to include a response from Galaxy Gaming and Evolution's intention to end the merger.
Evolution expects to secure the remaining regulatory approvals for its Galaxy Gaming acquisition in Q1 2026, reportedly. The $85m deal, agreed in July 2024, still needs approvals understood to be in Nevada and Louisiana; the companies extended the merger deadline to July 2026.
Galaxy Gaming said MONOPOLY Blackjack Progressive has gone live at Metropolitan Gaming venues in London, including Metropolitan Mayfair, Empire Casino, The Sportsman Casino and Park Lane Club. It is the first of the planned MONOPOLY-branded progressive table games to launch in the UK, under Galaxy Gaming’s agreement with Metropolitan Gaming.