Galaxy Gaming shareholders approve Evolution acquisition for about $85m
Galaxy Gaming shareholders approved Evolution Malta Holdings’ proposed acquisition of the company for about $85m in cash at a special meeting, Galaxy Gaming said. The company expects the deal to close in mid-2025, subject to customary conditions including regulatory approvals. Galaxy Gaming also reported Q3 2024 revenue of $7.7m, up 25% year on year, and a net loss of $2.2m.
The shareholder vote advances a proposed acquisition, although closing remains conditional on regulatory approvals and other requirements.