Evolution to acquire Galaxy Gaming, a leading independent developer and distributor of casino table games and technology

18 JULY 2024 16:30 et ｜ Key: Galaxy Gaming Galaxy Gaming

The Evolution Malta Holding Limited (hereinafter "Evolution"), a wholly owned subsidiary of Las Vegas (Globe Newswire) TC: GLXZ) Accepted in the United States with a total of $ 85 million paid in cash (hereinafter referred to as "this transaction").

The main factors and strategic evidence of transactions

Galaxy gaming is leading the industry with innovative casino table games and reinforced gaming technology, and continues to revolutionize the casino industry with cuttin g-edge products and outstanding services. 。 A variety of portfolios in the latest games proves that galaxy gaming is a Win-win partner for casinos around the world.

The acquisition is in line with the evolution strategy of leading the main suppliers of casino games and providing the best game content to our customers. With the acquisition of the Galaxy Gaming, the Evolution will enhance the presence in the US market and enhance its position as a major licenser in the online game industry.

"The acquisition of Galaxy Gaming is an essential milestone in our missions to provide a good game experience. Galaxy Gaming's rare products and technology are our existing portfolios. Supplementary and strengthen our strategic status.

"Evolution will preserve management and employees and operate Galaxy gaming as an independent department. < SPAN> 18 JULY 2024 16:30 et ｜ Key: Galaxy Gaming Galaxy Gaming Co., Ltd.

The Evolution Malta Holding Limited (hereinafter "Evolution"), a wholly owned subsidiary of Las Vegas (Globe Newswire) TC: GLXZ) Accepted in the United States with a total of $ 85 million paid in cash (hereinafter referred to as "this transaction").

The main factors and strategic evidence of transactions

Galaxy gaming is leading the industry with innovative casino table games and reinforced gaming technology, and continues to revolutionize the casino industry with cuttin g-edge products and outstanding services. 。 A variety of portfolios in the latest games proves that galaxy gaming is a Win-win partner for casinos around the world.

The acquisition is in line with the evolution strategy of leading the main suppliers of casino games and providing the best game content to our customers. With the acquisition of the Galaxy Gaming, the Evolution will enhance the presence in the US market and enhance its position as a major licenser in the online game industry.

"The acquisition of Galaxy Gaming is an essential milestone in our missions to provide a good game experience. Galaxy Gaming's rare products and technology are our existing portfolios. Supplementary and strengthen our strategic status.

"Evolution is planned to preserve management and employees and operate galaxy gaming as an independent department. 18 JULY 2024 16:30 et ｜ Key: Galaxy Gaming Company Galaxy Gaming Co., Ltd.

The Evolution Malta Holding Limited (hereinafter "Evolution"), a wholly owned subsidiary of Las Vegas (Globe Newswire) TC: GLXZ) Accepted in the United States with a total of $ 85 million paid in cash (hereinafter referred to as "this transaction").

The main factors and strategic evidence of transactions

Galaxy gaming is leading the industry with innovative casino table games and reinforced gaming technology, and continues to revolutionize the casino industry with cuttin g-edge products and outstanding services. 。 A variety of portfolios in the latest games proves that galaxy gaming is a Win-win partner for casinos around the world.

The acquisition is in line with the evolution strategy of leading the main suppliers of casino games and providing the best game content to our customers. With the acquisition of the Galaxy Gaming, the Evolution will enhance the presence in the US market and enhance its position as a major licenser in the online game industry.

"The acquisition of Galaxy Gaming is an essential milestone in our missions to provide a good game experience. Galaxy Gaming's rare products and technology are our existing portfolios. Supplementary and strengthen our strategic status.

"Evolution will preserve management and employees and operate Galaxy gaming as an independent department.

"I believe that this transaction will provide opportunities to combine two large teams focusing on buyers and will benefit all stakeholders. Galaxy based on our core games. Our famous games such as 21+3®, such as 21+3® and Lucky Ladies®, have been integrated with GAMING's prosperous lan d-based business and the vast reach of Evolution in online games. However, the acquisition of the Evolution has been managed by the acquisition of its own freedom, with the acquisition of the regulated Igaming Market worldwide. Utilizing your strengths, you can promote the product sharing and the latest omnichanel innovation, and focus on your own business growth and expansion.

Galaxy Gaming assumes pure recovery in 2024 and $ 12 to 13 million for EBITDA after adjustment.

Contracts and financing

In accordance with the merger agreement, Evolution has agreed to buy all the target galaxy gaming promotions for $ 3 and 20 cents per cash promotion. This will be 124 % of the premium on July 17, 2024, the day before the announcement of this transaction, on July 17, 2024. As a result of transactions, the total Galaxy gaming is within $ 85 million, within $ 124 million in consideration of unsecured debt. The transaction amount is covered by cash.

Situation and temporary acquisition project

The transaction was approved by the Galaxy Gaming Board of Directors. The members of the Galaxy Gaming Board of Directors, which owned about 14 % of Galaxy Gaming's normal promotion, have signed a rescue agreement to vote for their promotion to agree with the transaction.

This transaction must meet the regular closing standards, such as increasing the shareholders of Galaxy Gaming and acquiring the approval of a specific main gaming authorities. Assuming these conditions is satisfied, the parties expect the transaction to be completed by mi d-2025.

Adviser

In connection with this transaction, the Evolution has become an interest in J. P. Morgan SE as a unique money advisor, and Kirkland & AMP; Ellis LLP as a legal advisor. Galaxy Gaming is interested in this transaction with Macquerley Capital as a unique monetary advisor, and Ray Sam and Amplifier Watkins LLP as a legal advisor.

See below for details:

Evolution Jacob Kaplan, the director in charge of economic, IR@Evolution. com