LAS VEGAS, Aug. 31, 2010 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCBB:GLXZ) announced today that it has received approval from the Nevada Gaming Control Board for the Company's proprietary Bonus Jackpot System, which can now be offered to Nevada casinos for use on their table games. 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 system competes with other table game progressive system platforms offered by two competing companies. Using the latest state-of-the-art technology, Galaxy Gaming officials believe its platform to be far more flexible, customizable and upgradable than platforms offered by its competitors, resulting in added benefits for the casino operator.
Galaxy Gaming first introduced its Bonus Jackpot System in a Washington State casino in March of 2009. The system quickly became popular and the Company has enjoyed tremendous success rolling it out to other Washington tribal and commercial casinos. The initial version installed in Washington and elsewhere was labeled the "Milky Way Series." The Company's engineers continued to make improvements to the system and it released the "Andromeda Series – Stage 1" earlier this year and later, the "Andromeda Series – Stage 2," which was the version just approved in Nevada. The next scheduled release, Andromeda – Stage 3 is expected within a few months. Beyond that, the Company has also commenced developing the next version entitled the "Triangulum Series," which is scheduled for release in 2011.
Robert Saucier, Galaxy Gaming's CEO, noted, "Washington State was a great locale for the introduction of our Bonus Jackpot System. The success we enjoyed there was a great prelude for us to now expand our installed base of this product line into larger gaming markets like Nevada."
The majority of the Galaxy Gaming's games are designed to benefit from the special features of its Bonus Jackpot System, including the Company's latest game, Triple Attack Blackjack, which recently won first place in the coveted Casino Journal's Best New Table Games of 2010 and Emperor's Challenge Pai Gow Poker, which won second place in last year's competition. Bill O'Hara, Galaxy Gaming's Chief Operating Officer, commented, "Many of our Nevada clients who were familiar with the benefits of our Bonus Jackpot System, have been anxiously awaiting this approval. We expect to begin to schedule installations in Nevada casinos in the near term."
About Galaxy Gaming
Headquartered in Las Vegas, Galaxy Gaming () 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.
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.
CONTACT: Galaxy Gaming, Inc. Robert B. Saucier, CEO Andrew Zimmerman, CFO 702-939-3254 Fax: 702-939-3255