Galaxy Gaming looking for upward trends

Casino table games supplier Galaxy Gaming saw its revenue down by 4.7 per cent in its first quarter of 2021, although its EBITDA was raised.

The company, which additionally supplies systems for land-based casinos and igaming operators, said that revenue was $4.2m, but the EBITDA rose to $1.6m, up 12.8 per cent. Net income fell to $89,000 compared to $117,000.

Todd Cravens, CEO, said: “The pandemic continued to affect our business. Casinos in the UK, our largest brick-and-mortar market, were closed and we saw capacity limits in other markets. But our igaming business made up most of the difference.

“We went live in Michigan in February and volumes were strong. We expect increases when our live dealer clients open up there.”