Galaxy Gaming reported Q1 net revenue of $8.0m, up 8.1% year on year, and gross revenue of more than $9.7m for the three months to 31 March. The company said recurring licence revenue reached $8.9m, while net profit before tax rose to $235,233 from $116,269 a year earlier.
Higher recurring licence revenue and net revenue show growth in Galaxy Gaming’s land-based and digital business.
Quarter ended 30 June 2026
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Galaxy Gaming said it has agreed a content partnership with Ruby Seven Studios. Ruby Seven will develop, publish, market and distribute digital social casino versions of Galaxy Gaming table games through its apps and partner-operated platforms.
It was reported that Black Cube cited Evolution’s UKGC settlement and failed Galaxy Gaming acquisition as support for its case against Evolution. The intelligence agency made the argument in a filing dated 3 August.
The UK Gambling Commission considered suspending Evolution's licence before the two sides reached a €4.75m regulatory settlement. The regulator cited serious weaknesses in Evolution's anti-money laundering controls, according to a follow-up from the Commission. Evolution's $85m acquisition of Galaxy Gaming appears to have collapsed after two years of work.
It was reported that Evolution ended its planned $85m purchase of Galaxy Gaming after outstanding gaming approvals were not secured by the agreement’s deadline. Evolution will pay a termination fee exceeding $5m.
Evolution said its planned merger with Galaxy Gaming would no longer proceed. The agreement ended after its official deadline expired.