In a significant update regarding one of the iGaming industry’s notable consolidation efforts, Galaxy Gaming and Evolution Malta have mutually agreed to an extension of the timeline for their pending merger.
The agreement, which will eventually see Galaxy Gaming operate as a wholly-owned subsidiary of Evolution, has had its outside date extended through July 17, 2026. This extension provides both corporations with ample runway to navigate the necessary procedural and regulatory requirements inherent in such a large-scale acquisition.
Despite the extension of the final deadline, the companies remain optimistic about a swifter resolution. Both Galaxy Gaming and Evolution anticipate receiving the requisite regulatory approvals during the first quarter of the upcoming year.
The structure of the deal remains consistent with previous announcements, involving the Nevada corporation Galaga Merger Sub, which is set to be merged with and into Galaxy Gaming as part of the transaction process.
Martin Carlesund, the CEO of Evolution Malta, expressed steadfast confidence in the deal’s progression. He emphasized that the extension is a strategic move reflecting a deep respect for the thorough review processes conducted by United States gaming regulators.
Carlesund reaffirmed Evolution’s commitment to the acquisition, noting that the combination of the two entities brings together complementary business models that will benefit the broader market.
The acquisition is viewed as a strategic bolster to Evolution’s existing portfolio. Galaxy Gaming is renowned for its innovative table game products and technology, assets that are expected to strengthen Evolution’s market position and enhance the value delivered to global customers.
Post-acquisition, the plan is for Galaxy Gaming to maintain a degree of operational autonomy. It will function as an independent business unit within the Evolution group, a structure designed to preserve Galaxy’s unique corporate culture while simultaneously allowing it to leverage Evolution’s extensive global reach and resources to accelerate growth.
Martin Carlesund, CEO of Evolution:
“We remain fully committed to completing the acquisition of Galaxy Gaming and are confident in the progress toward regulatory approvals. This extension reflects our respect for the review processes of US gaming regulators, and our shared determination to bring two complementary businesses together.”
