LAS VEGAS, Sep 28, 2010 (GlobeNewswire via COMTEX) — Galaxy Gaming, Inc. /quotes/comstock/11k!glxz (GLXZ 0.42, -0.03, -6.67%) announced today it has expanded its operations into Colorado. The first casinos to go live with Galaxy Gaming’s products include the Lady Luck Casino, an Isle of Capri property and the Ameristar Casino, both located in Blackhawk, just west of Denver. The Colorado gaming market has recently seen significant expansion due to legislation allowing casinos to offer craps and roulette, remain open 24 hours a day and raised the maximum wager from $5 to $100. There are currently 41 casinos operating in Colorado with approximately 23 of those now offering table games.
Galaxy Gaming has two of its games, Three Card Split and Buffalo Blackjack Bonus, currently approved for field trial with the Colorado Division of Gaming. More games are anticipated to be added soon. Buffalo Blackjack Bonus is a variation of blackjack designed by Galaxy Gaming specifically for the Colorado market. Colorado has some unique regulations regarding variations to Blackjack, so the Company’s other popular side bets such as Lucky Ladies could not be submitted for approval. Buffalo Blackjack Bonus incorporates two side bets, known as “21 Magic” and “Bust Bonus,” which conform to Colorado’s regulations.
Dean Barnett, Regional Sales Manager for Galaxy Gaming reported on the response he received from Colorado casino operators. “Having just returned from Colorado, it was thrilling to experience such a warm and enthusiastic response from casino operators who were hungry for new table game products and; from a new table game supplier. Our initial game submissions were well received and I expect more of our games to be approved shortly which in turn, should result in additional placements,” commented Mr. Barnett.
Robert Saucier, Galaxy Gaming’s CEO noted, “The decision by Colorado legislators to relax table game regulations was beneficial for their table game operators and a significant consideration for Galaxy Gaming to enter the market. An unexpected side benefit was the development of the blackjack side bets ’21 Magic’ and ‘Bust Bonus.’ Originally created only for Colorado, we believe we can leverage their popularity into other jurisdictions as well. I think we have two more winners.”
About Galaxy Gaming
Headquartered in Las Vegas, Galaxy Gaming (www.galaxygaming.com), is the world’s second largest developer, manufacturer and distributor of casino table games including Lucky Ladies, Texas Shootout, Emperor’s Challenge, Deuces Wild and Triple Attack Blackjack. In addition, it develops innovative and enhanced electronic wagering platforms and systems such as its Bonus Jackpot System and its Inter-Casino Jackpot Network. Galaxy Gaming distributes its products to casinos throughout North America and on cruise ships worldwide.
Safe Harbor
This release may contain certain “forward-looking statements” relating to the Company’s business which may be subject to various factors that may cause actual results to be materially different from those described herein as anticipated, estimated, or expected. The Company disclaims any obligation to update or alter its forward-looking statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Galaxy Gaming, Inc.
CONTACT: Galaxy Gaming Robert B. Saucier, CEO Andrew Zimmerman, CFO 702-939-3254 Fax: 702-939-3255
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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