updated 9/23/2010 2:16:03 PM ET 2010-09-23T18:16:03

LAS VEGAS, Sept. 23, 2010 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCBB:GLXZ) announced today that it has received approval from the Washington State Gambling Commission for the Company's upgraded Bonus Jackpot System, known as the Andromeda Series - Stage 1. The Bonus Jackpot System consists of two primary sub-systems: the Bet Tabulator System, which is used by casinos to detect and count the number and type of wagers players are making; and the TableVision System, which is an electronic display system used at each gaming table to exhibit payout odds, jackpots and bonuses. When the two sub-systems are used together, the Bonus Jackpot System permits casinos to offer substantial jackpots and creative bonusing schemes to their table game clientele.

The initial version of the Bonus Jackpot System which was first installed in Washington in March of 2009 was labeled the "Milky Way Series." The primary difference between the Milky Way Series and the newly approved Andromeda Series is the communication between the gaming tables and the Company's data center, which the Company provides through a relationship with Amazon Web Services, an Amazon.com company.

Bill O'Hara, Galaxy Gaming's Chief Operating Officer noted, "Although our engineering team's work has been complete on the Andromeda Series – Stage 1 since last year, we have been unable to install it into Washington's casinos until we received formal approval from their gambling commission. Now that we have approval, we are scheduling installation of Andromeda into select Washington casinos, to begin in as early as two weeks."

Robert Saucier, Galaxy Gaming's CEO, added, "The Andromeda Series will play an integral part in supporting our jackpot financing program, also known as the Inter-Casino Jackpot Network, which was interrupted by the Commission's staff in July. Although we have yet to gain their approval to reinstitute a modified version of this important program, we believe we are making continued progress and may be able to announce its return shortly. Therefore, we are pleased with the timing of their approval for our Andromeda Series," concluded Mr. Saucier.

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.

The Galaxy Gaming, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6569   

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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.93%
$30K home equity loan FICO 5.20%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.13%
17.11%
Source: Bankrate.com