Galaxy Gaming, Inc. Announces $4 Million Share Repurchase Program

Galaxy Gaming, Inc. announced that its Board of Directors has authorized a share repurchase program of up to $4.0 million of the Company's outstanding common stock, effective immediately. This decision follows the termination of a Merger Agreement with Evolution Malta Holding Limited and reflects the Board's confidence in the Company's strategy, balance sheet, and management. The program allows for repurchases through various methods including open market purchases and Rule 10b5-1 trading plans. The new authorization supersedes a previous $750,000 repurchase program under which no shares had been repurchased. The Company highlighted its expanding table games portfolio, market growth, deepening customer partnerships, and increasing recurring revenue as drivers for this decision. Management expressed confidence in the company's strong free cash flow, enabling capital return to shareholders while continuing investments in growth initiatives.