Evolution and Galaxy Gaming Extend Merger as Approvals Progress

Evolution and Galaxy Gaming have jointly announced an extension of their merger agreement, moving the “outside date” to July 17, 2026. This extension demonstrates both companies’ ongoing commitment to finalizing the acquisition and advancing their shared mission to drive innovation in the gaming industry.

Merger Agreement Extension and Regulatory Progress

As previously reported, Galaxy Gaming,, a leading independent developer and distributor of casino table games and technology, entered into a Merger Agreement with Evolution Malta Holding Limited and its wholly owned subsidiary, Galaga Merger Sub, Inc. Under the terms, Merger Sub will merge with and into Galaxy, with Galaxy surviving as a wholly owned subsidiary of Evolution.

The extension of the agreement ensures both parties remain aligned while regulatory approvals are finalized. With the approval from Mississippi already secured in November 2025, the companies now anticipate that the remaining regulatory approvals will be obtained during the first quarter of 2026.

Martin Carlesund, CEO of Evolution AB (publ), commented: "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 U.S. gaming regulators, and our shared determination to bring two complementary businesses together. Galaxy Gaming’s innovative products and technology will strengthen Evolution’s position and enable us to deliver even greater value to our customers worldwide."

Carlesund added: "Following close, we look forward to supporting Galaxy Gaming’s operation as an independent business unit within Evolution, preserving its unique culture while leveraging our global reach and resources to accelerate growth."

Matt Reback, CEO of Galaxy Gaming, also emphasized the opportunities ahead: "We are energized by the progress toward closing and the tremendous opportunities ahead. This transaction brings together two world-class, customer-focused teams and positions us to deliver exceptional experiences across both land-based and online channels. With Evolution’s global reach and financial strength, Galaxy Gaming will accelerate innovation and growth while preserving the independence and identity that define our brand."

He continued: "Post-close, we will build on our proven collaboration to drive omni-channel innovation and create even greater value for our partners and players worldwide."

Next Steps Toward Completion

Once all required gaming approvals are secured, the Merger Agreement’s Gaming Approval Closing Condition will be satisfied. Following the fulfillment or waiver of any remaining conditions, the merger is expected to close promptly after regulatory approval. Both companies are actively working with regulators to ensure all conditions are met by the July 17, 2026 deadline.

About Evolution and Galaxy Gaming

Evolution AB develops and licenses fully integrated B2B Live Casino solutions for gaming operators. Evolution is licensed by the Malta Gaming Authority and holds multiple international licenses, including the UK, Belgium, Canada, Romania, and South Africa.

Galaxy Gaming, headquartered in Las Vegas, Nevada, creates and distributes casino games, bonusing systems, and technology solutions for both physical and online casinos. Galaxy Gaming Digital is recognized as the world’s leading licensor of proprietary table games to the online sector and holds 131 licenses worldwide, including 28 U.S. states.

Source:

“Evolution And Galaxy Gaming Extend Merger Agreement As Acquisition Progresses; Remaining Regulatory Approvals Are Anticipated In Q1 2026”, Press Release, November 25, 2025