Galaxy Gaming reports Q2 revenue growth after Evolution ends acquisition deal
Galaxy Gaming reported second-quarter revenue of $7.5m, up 5% year on year, and said it received a $5.2m termination fee after Evolution ended its proposed acquisition. Galaxy chief executive Matthew Reback said the company was positioned to invest in technology and product development; the two companies will continue working together, according to the report.
The termination fee and reported revenue growth inform investors about Galaxy’s finances and capacity to invest after the deal ended.