Evolution AB (publ)’s wholly owned subsidiary, Evolution Malta Holding Limited, has announced it has entered into an agreement to acquire Galaxy Gaming, Inc. (OTC:GLXZ) for a total equity value of approximately US$85 million, payable in cash. Galaxy Gaming is a leading developer and distributor of innovative casino table games and enhanced gaming technology solutions, with a diverse portfolio of cutting-edge games. The acquisition by Evolution is expected to empower Galaxy to sustain and maintain its independence while continuing to focus on growth and expanding its operations. The transaction is expected to close in mid-2025, subject to Galaxy Gaming stockholder approval and certain required gaming regulatory approvals.
Latham & Watkins LLP advised Galaxy Gaming in the transaction with a corporate deal team led by Orange County partners Michael Treska and Darren Guttenberg, with associates Taylor Ashton, Jack Vanderford, David Stepovich, Nilam Faqhir, and Dylan Shamoon. Advice was also provided on benefits matters by San Diego partner Holly Bauer, with associate Lindsey Doyle; on tax matters by Century City partner Ana O’Brien, with associate Eric Song; on regulatory matters by San Diego/Bay Area partner Hanno Kaiser and Brussels counsel Tomas Nilsson, with associate Kevin Wu; and on IP matters by Orange County counsel David Kuiper.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
