“We are excited to welcome Matt as the Company’s new President and CEO. The Company’s Board of Directors has appointed Matt Reback, who will join Galaxy on November 13, 2023. (OTCQB: GLXZ) (“Galaxy” or the “Company”), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming, announced today that its Board of Directors has appointed a new President and Chief Executive Officer of the Company. 06, 2023 (GLOBE NEWSWIRE) - Galaxy Gaming, Inc. Actual reported results may differ from the estimates provided.Significant legal expenses were incurred for intellectual property registrations.The Company faced financial difficulties with a single customer, leading to an increase in the allowance for doubtful accounts.Revenues from perpetual license sales in Q3 2023 were approximately $1 million lower than previous quarters.
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