The second quarter results for Galaxy Gaming, the developer of electronic wagering platforms for the casino industry, produced a half-year that saw revenue climb steeply.
The income moved to $9.032m from $5.1m, adjusted EBITDA rose from $80k to $3.8m and net income rose from a loss of $2m to a plus of $639,000.
Said CEO Todd Cravens: “Revenue in our land-based business increased despite casinos in the UK, our largest land-based market, remaining closed until mid-May.
“In the online business revenue increased to $1.56m from $1.4m for the same period of last year. We expect an acceleration of online revenue growth in the second half of this year as, among other things, live dealer gaming through our largest client goes live in Michigan.”
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