Galaxy Gaming up nine per cent with record recurring revenues

MONOPOLY Table Games Progressive named Product Innovation of the Year at Global Gaming Awards Americas 2026

Galaxy Gaming recorded revenue of $8m for the third quarter ended September 30, 2026, an increase of nine per cent from $7.3m a year ago.

This included record recurring revenues, net of royalties, increased 10 per cent to $8m and represented more than 99 per cent of total revenues; non-recurring revenues decreased due to the timing of perpetual license sales of progressive gaming systems.

“The third quarter was a milestone quarter for Galaxy, both in our results and on the show floor,” said Matthew Reback, Chief Executive Officer of Galaxy. “Recurring revenue reached another record and now makes up essentially all of our revenue, which reflects the deliberate shift we’ve made away from one-time sales toward placements that earn over their full life. In our Core business, the Galaxy Operating System and our MONOPOLY-branded progressive systems are driving new placements in the US and internationally, as well as higher participation revenue in international markets, and in Digital, our content continues to reach more players through new and existing operators. With the merger process completely behind us, our team is fully focused on building on that momentum.”

“At G2E, we were honoured that our MONOPOLY table games progressive was named Product Innovation of the Year at the Global Gaming Awards Americas 2026. It is a fitting recognition for a product that has been adopted faster than any other in our portfolio. We built on that momentum by unveiling Galaxy Link, our all-table linked progressive launching with initial themes of MONOPOLY Building Riches and Spotlight Spin in Art Deco. Galaxy Link connects tables across the entire casino floor to a shared jackpot, creating new billable units on tables we already serve. The response from operators at the show was exceptional, and we look forward to converting that interest into placements in the coming quarters.”

“With a stronger balance sheet, we are returning capital directly to shareholders,” said Steve Kopjo, Chief Financial Officer of Galaxy. “Our operations generated enough cash to fully fund our investment in product development and continued debt reduction. That allowed us to put a portion of the Evolution termination fee to work for shareholders, repurchasing shares and retiring all outstanding Fortress warrants at a discount to market valuation to return $1.7m of capital and reduce our diluted share count by 4.2 per cent. We grew Free Cash Flow nine per cent to $1.4m, and with the expectation of growing Free Cash Flow to reinvest in the business and the remaining termination fee proceeds available for further share repurchases under our authorisation, we are well positioned to keep investing in growth while returning value to shareholders.”