Galaxy Gaming, Inc. (OTC: GLXZ), the leading independent developer and distributor of casino table games and technology, has been moving forward with its planned merger with Evolution Malta Holding Limited and its subsidiary, Galaga Merger Sub, Inc.
According to the terms of the deal, Galaxy will become a wholly owned subsidiary of Evolution.
More Approvals Needed
Today (November 25, 2025), the two companies announced their decision to extend the merger agreement’s “outside date” to July 17, 2026, reflecting their unwavering commitment to completing the transaction while navigating the regulatory approvals required.
Mississippi gave the green light in November 2025. Currently, Evolution and Galaxy Gaming are focused on securing approvals from other regulators before reaching the freshly chosen deadline.
The companies expect the remaining approvals to be completed during the first quarter of 2026.
Martin Carlesund, chief executive officer of Evolution AB, said: “We remain fully committed to completing the acquisition of Galaxy Gaming and are confident in the progress toward regulatory approvals. This extension reflects our respect for the review processes of U.S. gaming regulators, and our shared determination to bring two complementary businesses together. Galaxy Gaming’s innovative products and technology will strengthen Evolution’s position and enable us to deliver even greater value to our customers worldwide.”
He added, “Following close, we look forward to supporting Galaxy Gaming’s operation as an independent business unit within Evolution, preserving its unique culture while leveraging our global reach and resources to accelerate growth.”
Galaxy: “We Are Energized By the Progress”
Matt Reback, chief executive officer of Galaxy Gaming, commented: “We are energized by the progress toward closing and the tremendous opportunities ahead. This transaction brings together two world-class, customer-focused teams and positions us to deliver exceptional experiences across both land-based and online channels. With Evolution’s global reach and financial strength, Galaxy Gaming will accelerate innovation and growth while preserving the independence and identity that define our brand.”
He continued, “Post-close, we will build on our proven collaboration to drive omni-channel innovation and create even greater value for our partners and players worldwide.”
Once all the necessary gaming approvals are on the table, the conditions for the merger will be fully satisfied, signaling that the deal will close soon after, with no expected delays expressed by either of the companies.