Press Releases
GALAXY GAMING REPORTS Q1 2024 FINANCIAL RESULTS

Galaxy Gaming, Inc., a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming content, announced its financial results for the quarter ended March 31, 2024.
Financial Highlights
Q1 2024 vs. Q1 2023
- Revenue (net) increased 8% to $8,001K, a record
- Revenue (gross) increased 18% to $9,660K, a record
- Net income increased 89% to $209K
- EBITDA increased 7% to $3,009K
- Adjusted EBITDA increased 3% to $3,171K
Balance Sheet Changes (vs. December 31, 2023)
- Cash increased 5% to $17,487K
- Total long-term debt1Ā (gross) decreased to $58,187K from $58,431K
- Stockholdersā deficit decreased to $(17,899)K from $(18,243)K
Executive Comments
āThe first quarter of 2024 showed continued growth at the top and bottom lines,ā said Matt Reback, President and CEO. āBoth gross and net revenue were records, and by significant margins.Ā Ā And our Adjusted EBITDA was just shy of the record achieved in Q2 23, when we had $1.6 million in perpetual license sales as compared to $805 thousand in Q1 24. While sales of perpetual licenses were higher than we had planned in Q1 24, they were lower than last year and we remain principally reliant on recurring license revenue, which was 92% of gross revenue in Q1 24 as compared to 85% in Q1 23.
āIn the Core sector of our business, Gross Revenue for the quarter was up $1.0 million (20%) and Net Revenue grew by $225 thousand (+4%). Our distribution of EZ BaccaratĀ®, which commenced in September 2023, accounted for the bulk of the increase in recurring license revenue in our Core sector. Also, our GOS product continues to gain momentum with over 100 installations, and development of GOS 2.0 continues on schedule for release later this year. In our iGaming sector, revenues were up 14% on a gross basis and 16% after netting out royalties.
āWe have been hard at work on product development under the leadership of Michael Ratner, and I expect that we will have some interesting product innovation news to announce in the coming months.ā concluded Reback. āThis has been a principal area of focus for me since I joined Galaxy late last year and I am proud of the momentum our entire product team is gaining.ā
āWe were cash flow positive in the quarter and ended with $17.5 million in cash,ā added CFO Harry Hagerty. āOur loan from Fortress Credit Corp. requires our net leverage not to exceed 5.0x at any of the quarter-ends in 2024, and at the end of Q1 we were at 3.8x, comfortably in compliance. It remains our intention to reduce our net leverage by focusing on both EBITDA growth and debt reduction and to pursue sensible refinancing opportunities.
āOur Q1 2024 results strongly support the guidance that was given when we released our Q4 2023 earnings. However, we will wait until we have Q2 results in hand and better visibility into the second half of the year before considering whether any changes to guidance would be appropriate. As stated previously, our guidance assumes no impact to our business from the wars in Ukraine and the Middle East, no economic recession or pandemic, and is a Forward-Looking Statement subject to our safe harbor language below. Finally, the forecast is based on currency exchange rates that we experienced in the fourth quarter of last year.ā
Gambling in the USA
Chris Barranco Joins Quick Custom Intelligence as Director of Business Development

Quick Custom Intelligence (QCI), a leading provider of AI-driven analytics and enterprise solutions for the gaming and hospitality industry, today announced the addition of Chris Barranco as Director of Business Development.
Barranco brings 25 years of experience leading high-performing teams, driving revenue, and building durable client relationships. He is adept at solution-selling methodology and full sales-cycle management, with a proven track record of mentoring top-tier account executives, delivering high-impact presentations, and retaining key accounts. Known for a tenacious approach to new-business development and customer loyalty, Barranco will focus on expanding QCIās market footprint, strengthening the partner ecosystem, and advancing go-to-market execution across QCIās product portfolio.
āIām excited to join the clear market leader and work with the exceptional team at QCI,ā said Chris Barranco, Director of Business Development at QCI. āQCIās commitment to turning data into action aligns perfectly with my approach to helping customers achieve measurable revenue impact. I look forward to working closely with our clients and partners to accelerate growth and deliver exceptional outcomes.ā
āWeāre delighted to welcome an industry veteran of Chrisās caliber to the QCI team,ā said Andrew Cardno, CTO and Co-Founder of QCI. āHis leadership, mastery of solution selling, and passion for customer success will further strengthen our ability to scale, deepen client relationships, and deliver the operational results our customers expect.ā
As Director of Business Development, Barranco will lead initiatives to expand QCIās presence across key markets, refine sales enablement programs, and collaborate with product and customer success teams to ensure a seamless path from discovery to measurable value realization.
Latest News
WSOPĀ® PARADISE 2025 REVEALS FULL TOURNAMENT SCHEDULE WITH NEW EARLY-BIRD PACKAGES

The record-breaking poker festival in the Bahamas adds fresh events and exclusive perks for players booking earlyĀ
The World Series of Poker (WSOPĀ®) today unveiled the complete schedule for the highly anticipated WSOP Paradise 2025, which will take place at Atlantis Paradise Island in the Bahamas from Dec. 4 through Dec. 18. This announcement also introduces two new, limited-availability early-bird packages, designed to provide players with unmatched value and exclusive benefits.
This year’s festival expands on its commitment to high-stakes action with a full slate of 15 WSOP gold bracelet events:
Event |
Date |
Buy-In |
#1 Circuit Championship Mystery Bounty NLH – $5M GTD |
Dec. 4 |
$2.5K |
#2 Triton PLO 6-Handed |
Dec. 4 |
$75K |
#3 Triton PLO Main Event |
Dec. 5 |
$100K |
#4 High Roller Turbo NLH |
Dec. 6 |
$50K |
#5 Triton Invitational – NLH |
Dec. 7 |
$250K |
#6 Super COLOSSUS NLH |
Dec. 7 |
$5K |
#7 Super PLOSSUS PLO |
Dec. 8 |
$10K |
#8 Triton NLH 7-Handed |
Dec. 8 |
$125K |
#9 Triton NLH Main Event |
Dec. 9 |
$100K |
#10 Triton NLH 8-Handed |
Dec. 10 |
$150K |
#11 Super Main Event NLH – $60M GTD |
Dec. 10 |
$25K |
#12 8-Game Mix 6-Handed |
Dec. 11 |
$10K |
#13 High Roller PLO |
Dec. 13 |
$50K |
#14 GGMillion$ NLH – $10M GTD |
Dec. 15 |
$25K |
#15 The Closer NLH Turbo Bounty |
Dec. 16 |
$10K |
This yearās WSOP Paradise features an expanded partnership with Triton Poker, the leading high-stakes tournament operator. In 2024, two gold bracelet events were curated by Triton; the number increases to six in 2025, with WSOP bracelets going to the winners of Event #2 Triton PLO, Event #3 Triton PLO Main Event, Event #5 Triton NLH Invitational, Event #8 Triton NLH 7-Handed, Event #9 Triton NLH Main Event and Event #10 Triton NLH 8-Handed.
To reward early registrants, WSOP is introducing two new early-bird packages for players looking to secure their seats, with both offering massive added value:
-
The $100K Paradise Package – limited to just 500 packages, includes a 13-night stay (Dec. 5 to Dec. 18), complimentary access to the WSOP buffet and a $500 food & beverage room credit. The deposit to secure is $10,000.
-
The $300K VIP Package – includes a 15 night stay (Dec. 3 to Dec. 18), complimentary access to the WSOP buffet, a $1,000 food & beverage room credit plus one Ć” la carte meal from the Triton menu per day. The deposit to secure is $15,000.
For the first time at WSOP Paradise, resort fees are included in the package price, and the room credit is also provided for use throughout the resort. The full package amount must be played in WSOP Paradise events.
GGPoker will once again serve as the exclusive international satellite partner, aiming to send more than 1,000 players to the Super Main Event. WSOP Express and Road to Paradise qualifier tournaments are already underway in the GGPoker tournament lobby. Additionally, over 500 players are expected to qualify for the Circuit Championship through WSOP Circuit gold ring events (running from Jul. 1 through Dec. 2, 2025, both live and online), and ClubGG plans to send more than 400 players to the same event.
In an exciting new partnership, PokerStake will cover up to 50% of the unsold action for Circuit Package winners who choose to list their Super Main Event action on the platform.
āI said last year that a $50M guarantee was crazy, but adding another $10,000,000 on top is absolutely insane! The WSOP is bringing the biggest high rollers and the best poker experience possible back to paradise,” said Daniel Negreanu, GGPoker Global Ambassador. āWith the new Super Mystery Bounty event and the expanded partnership with Triton, this is a can’t-miss festival for players of all levels. I canāt wait to be a part of it.ā
āWith the WSOP Paradise at Atlantis Paradise Island tournament schedule now set, the countdown to The Bahamas IS ON! This yearās lineup delivers an unbeatable mix of world-class events, record-breaking guarantees, and unforgettable poker moments in one of the most iconic destinations on the planet. From seasoned pros to newcomers, players from around the globe will find their place in paradise, and their shot at history,ā added Joe Brunini, Chief Gaming & Customer Development Officer, Atlantis Paradise Island.
WSOP Paradise 2025 will feature a daily live stream from Dec. 12 through Dec. 18 on the WSOP YouTube channel, with CBS Sports Network television coverage planned for distribution in early 2026.
Further details on event structures and schedules will be available on the WSOP+ app. The WSOP reserves the right to cancel, change, or modify the tournament or any tournament event, in part or in whole, without notice. Entry fees will be added to all events, and up to 3% of tournament buy-ins will be withheld for staff and operational costs. Guaranteed events are paid out after deducting the percentage for costs from the total prize pool.
Please follow @WSOP on X (formerly Twitter) and Instagram or check WSOP.com for more event news and updates: wsop.com/news/2025-wsop-paradise.
For more information on WSOP Express, please visit: ggpoker.com/tournaments/wsop-express/.
To book your Atlantis stay at exclusive WSOP rates starting from $199 per night, please visit: atlantisbahamas.com/wsop-in-paradise
eSports
Fighting Game GOAT Justin Wong Joins BASILISK, Scienceās Esports Team

Nine-time Evo Champion and Guinness World Record Holder Brings Legendary Status to Captain New Team, Recruit Talent, and Advance Scienceās Role in Competitive Gaming
BASILISK, the global esports organization built to champion science, today announced the signing of legendary fighting game competitor Justin āJWongā Wong as captain of its newly formed Fighting Game Community (FGC) Division. Wong will lead BASILISKās entry into the FGC by recruiting players, developing community events, and creating FGC – science crossover content.
āJustin isnāt just a competitive genius ā he is a cultural icon and humble leader within the FGC,ā said BASILISK co-founder Christopher Bothur. āWe are incredibly proud to have him leading our FGC division and support the amazing work he already does for the community.ā
A nine-time Evolution Championship Series (Evo) Champion and Guinness World Record holder, Wong brings unparalleled FGC credibility and expertise to BASILISK. His reach extends across the entire FGC fandom of millions, and he was immortalized in Evo Moment #37 which has over 100 million views.
As Captain of BASILISK FGC, Wong will leverage BASILISKās data analytics to scout and train the next generation of FGC pros.
āMath is super important to fighting games. Iām excited to join scienceās esports team,ā said Wong upon joining BASILISK. āI’m passionate about finding promising players with a positive mentality and shaping them into the next big thing. I want to see somebody else in the spotlight after me and help them reach their potential. If we can discover the next world champion, that would be fantastic.ā
The signing comes on the heels of BASILISKās new partnerships with The Planetary Society and Caltechās Institute for Quantum Information and Matter (IQIM), announced in July. These collaborations create a powerful bridge between renowned scientific institutions and gamers, which Wong will amplify to his millions of followers and fans.
āJustin is a dream addition to our organization,ā added BASILISK co-founder Hans Kassier. āHe exemplifies the dedication and analytical capacity required to be an esports champion or great scientist.ā
Wong becomes the second āGOATā (Greatest of All Time) to join BASILISK, alongside Finnish StarCraft 2 legend Joona āSerralā Sotala, who just captured the SC2 Esports World Cup Championship in July 2025. The signing also creates opportunities for cross-over content with BASILISK’s diverse roster, including chess Grandmaster Vincent Keymer and award-winning science communicator Kyle Hill, who brings over 2.5 million followers and a vast network of science enthusiasts to the organization.
-
Compliance Updates7 days ago
AU10TIX Launches Free Assessment Tool and Readiness Guide to Help Organizations Navigate Child Safety Age Assurance Compliance
-
Latest News7 days ago
IGT PlaySports and Corporación Caliente Team Up to Offer World-Class Retail Sports Betting Across Mexico and Latin America
-
Latest News7 days ago
CT Interactive Announces Strategic Partnership with Ondiss
-
Latest News6 days ago
Live-dealer specialist Ezugi to provide immersive casino experiences to SkillOnNetās Brazilian platforms
-
Compliance Updates6 days ago
Final CFG USA 2024 Online Gambling Report Confirms: Crime Wins After Years of Legalization
-
Latest News5 days ago
SOFTSWISS Releases 19-in-1 Market Overview: iGaming in Latin America
-
Latest News5 days ago
ZBD and TapNation forge new status quo in rewarded gaming
-
Latest News5 days ago
Novig Raises $18 Million Series A to Scale Peer-to-Peer Sports Prediction Market; Becomes Fastest-Growing Platform in Category