Galaxy Gaming (OTCQB: GLXZ) is engaged in the business of designing, developing, manufacturing and acquiring proprietary casino table games and associated technology, platforms and systems for the global gaming industry. These proprietary products are marketed to land-based, riverboat and cruise ship gaming establishments and internet gaming companies to enhance their gaming floor operations and improve profitability, productivity and security, while offering popular cutting-edge gaming entertainment content and technology to their players. Game concepts and intellectual property associated with these games are typically protected by patents, trademarks and copyrights. The company sells products primarily via internal sales force, to casinos throughout North America, the Caribbean, the British Isles, Europe, Africa and to cruise ships and internet gaming sites worldwide. SNNLive spoke with Gary Vecchiarelli, CFO of Galaxy Gaming, Inc. at the LD Micro "Main Event" 2014 in Bel Air, CA.
Mr. Vecchiarelli begins with an overview of the company, “We are the world’s largest independent provider of table games, we specialize on the experience that machines can’t really give you and that’s the ability to play exciting games where you against the house and touch the cards and play with chips. We just have some of the most innovative products out there on the market today. We’re growing, like I said, we moved into a new headquarters earlier this year that’s really providing us with a lot of capacity and we just have a number of opportunities in the market because gaming overall is growing.”
He continues with what’s new with the company, “We just recently signed an exclusive licensing agreement where we have a product now called, Spectrum Vision, and we’re getting into the anti-cheating business. What’s amazing is if you google marked cards or cheating with marked cards you’ll find hundreds of websites where you can buy cheating mechanisms and dops and inked cards and marked cards from factories in China and these are being used by players daily in casinos around the world and there is nothing that can currently detect it in casinos.”
He concludes by discussing online gaming, “We are affected by online gaming, currently it’s a small part of our revenue. We have a partner calls Games Marketing that helps us internationally with our online and social gaming ventures but players are going to play online the same games they play on casinos it’s as simple as that. Online and I-gaming is coming to the states, it’s not a matter of if, it’s a matter of when." For more information, check out their website: www.GalaxyGaming.com
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