Evolution and Galaxy Gaming Extend Merger Agreement to 2026

Evolution and Galaxy Gaming have officially announced a significant extension to their merger agreement, moving the "outside date" to July 17, 2026. This reflects both companies' unwavering dedication to closing this acquisition and striving to bring forward innovative advancements in the gaming sector.

Aligning Regulatory Approvals With Business Goals

The initial merger proposal sees Galaxy Gaming, a prominent player in developing and distributing casino table games and gaming technology, entering into an agreement with Evolution Malta Holding Limited and Galaga Merger Sub, Inc., its fully owned subsidiary. According to the plan, Galaga Merger Sub will dissolve into Galaxy, which will then continue as a wholly owned subsidiary under Evolution.

This extension comes as the companies work to secure necessary regulatory approvals. Notably, approval was already received from Mississippi in November 2025, and both firms expect all remaining approvals will be in place by the start of 2026.

Martin Carlesund, CEO of Evolution AB (publ), expressed confidence, stating, "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."

Moreover, Carlesund added insights on post-acquisition plans, highlighting that Evolution is eager to support Galaxy Gaming as a distinct unit within Evolution's broader framework. The goal is to preserve Galaxy's unique identity while harnessing Evolution's global resources to push for substantial growth.

Transformative Opportunities Ahead

Matt Reback, Galaxy Gaming's CEO, echoed the optimistic outlook, stating, "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."

Reback foresees a future where both entities work collaboratively to drive omni-channel innovation. This effort aims at enhancing value for partners and players across the globe. Moving forward, after all necessary gaming approvals are complete, the conditions of the Merger Agreement will be satisfied, allowing the merger to proceed without delay once regulatory hurdles are cleared.

The companies are committed to working closely with regulators to ensure all provisions are satisfied by the agreed deadline of July 17, 2026. Evolution and Galaxy Gaming represent industry leaders in their respective areas. Evolution AB is known for its comprehensive B2B Live Casino solutions, holding multiple international licenses and adhering to diverse regulatory environments, including Europe and beyond.

Conversely, Galaxy Gaming, based in Las Vegas, Nevada, excels in crafting and distributing inventive casino games and technological solutions across both traditional and digital sectors. Boasting 131 global licenses, Galaxy outshines in licensing proprietary table games for the online gaming sector, covering 28 U.S. states.

Source: Evolution and Galaxy Gaming Extend Merger as Approvals Progress, lcb.org, November 27, 2025.

By GamesAndCasino