Galaxy Gaming
Galaxy Gaming Added to AGEM Stock Index
ZCore13
there? Promotion?
High Card Flush and Heads Up Hold'em continue to gain traction & installs.
Supposed to have 5 new premium table games at G2E this year, very interested if they have anything close to the quality of HCF & HUH games on display.
Rob, Gary V & the sales team appear to have Galaxy headed in the right direction, but lots of Prime Table Games acquisition debt still to pay down.
New board member additions including Bill Zender.
And last but not least, PaiGowDan taking a look at new game concepts......what more do you want. Don't think the stock will see the $0.20's again.
I like my stock position very much particularly with a $0.225 cumulative average purchase price.
At that time, Galaxy's market capitalization was more than KS Li's Cheung Kong.
I kind of feel sad for Li, who worked so hard for 40 yrs to build his empire, was beaten by someone who just happen to got 1/3 (or 1/6) of the gambling license in 10 yrs.
(As a foot note, I decided to sell my galaxy stock when i made the observation above, and it's now down about 1/3)
Quote: andysifOr did i make a mistake? is this galaxy the same one operating a casino in macao ?
different company.
ZCore13
Quote: ParadigmRecurring revenue continues to climb at Galaxy, approaching $10M annually based on last quarter's results.
High Card Flush and Heads Up Hold'em continue to gain traction & installs.
Supposed to have 5 new premium table games at G2E this year, very interested if they have anything close to the quality of HCF & HUH games on display.
Rob, Gary V & the sales team appear to have Galaxy headed in the right direction, but lots of Prime Table Games acquisition debt still to pay down.
New board member additions including Bill Zender.
And last but not least, PaiGowDan taking a look at new game concepts......what more do you want. Don't think the stock will see the $0.20's again.
I like my stock position very much particularly with a $0.225 cumulative average purchase price.
Holding at $0.49 the last few days. I think you are right... the $0/.20's are over. I almost sold some at $0.40, but I just think it's a $1.00 stock in the next few years.
ZCore13
I do have a couple of questions for those of you that follow this company.
I see they have about 38 million issued shares, how many preferred shares, stock options, or warrants have been issued?
Is Derek Webb active at all in the company? Is he still a major share holder or has he sold off the stock he was given when he sold them PTG?
Quote: Zcore13Holding at $0.49 the last few days. I think you are right... the $0/.20's are over. I almost sold some at $0.40, but I just think it's a $1.00 stock in the next few years.
ZCore13
I bought at .24, sold at .49. Happy for now...
ZCore13
I was hoping for more out of G2E from Galaxy other than just copies of old games....and the only truly new game was a 3rd Four Card Poker game.....I don't think there is room for 3 variants of a 4 Card Poker game.
The Prime bet was a new side bet to add on everywhere & not a bad addition.
Hope the installs of Heads Up & HCF keep adding, but I confess I took most of my double from $0.20 to $0.40 off the table after G2E. I'll keep watching :-)
Quote: ParadigmThe bid ask spread has been ridiculous the last week or so.....the ask spiked to $0.49 but I never saw a bid above $.42. At one point it was $0.37/$0.47....limit orders only on this one!
I was hoping for more out of G2E from Galaxy other than just copies of old games....and the only truly new game was a 3rd Four Card Poker game.....I don't think there is room for 3 variants of a 4 Card Poker game.
The Prime bet was a new side bet to add on everywhere & not a bad addition.
Hope the installs of Heads Up & HCF keep adding, but I confess I took most of my double from $0.20 to $0.40 off the table after G2E. I'll keep watching :-)
You may not have really noticed but they changed their Bonus Jackpot System from a daily progressive to a real-time progressive. They make a percentage on every wager for that system. That's a huge part of their potential future income.
Also they had a pretty amazing card marking detector. I can see high end casinos jumping all over them, but I think the real future money on that device and the patent is when they can install the lenses directly into surveilllence cameras. It's almost worthy of a whole separate division of the company.
ZCore13
Agree with you on card marking /flawed card detection technology.....but feel like there is a huge amount of capital and effort required before that tech can start to realize some commercial revenue. Not sure that Galaxy's balance sheet has the strength to be the company to quickly bring that to market.
It is good to hear that an operator I consider quite intelligence believes in the latest changes to the BJS. Definitely not my area of expertise or understanding. It seems like that system has been upgraded every year just to make it competitive with other company products. Can you say that the product is now the best in its space for table game bonusing systems? That would be a big factor in my view of where Galaxy stands competitively in that space.
Quote: ParadigmI did focus on table games in their booth.
Agree with you on card marking /flawed card detection technology.....but feel like there is a huge amount of capital and effort required before that tech can start to realize some commercial revenue. Not sure that Galaxy's balance sheet has the strength to be the company to quickly bring that to market.
It is good to hear that an operator I consider quite intelligence believes in the latest changes to the BJS. Definitely not my area of expertise or understanding. It seems like that system has been upgraded every year just to make it competitive with other company products. Can you say that the product is now the best in its space for table game bonusing systems? That would be a big factor in my view of where Galaxy stands competitively in that space.
Dan might be able to provide some insight into the new details of the system, but I'd say it is now on par with all the other progressive systems, at a cheaper cost.
In my case, if I have less play than normal I pay less. If I have more play I pay a little more, but I'm ok with that because I have more play to pay it.
On the card detection system, I wonder if it would be best to either license or sell the technology to a Surveillance supply company. They would already have the infrastructure to sell and service the technology and both companies would end up making a lot of money.
ZCore13
Quote: FINANCIAL NEWSGALAXY GAMING, INC. FILES (8-K) Disclosing Other Events
(Edgar Glimpses Via Acquire Media NewsEdge) Item 8.01. Other Events Effective October 13, 2014, our board of directors approved an increase in the annual cash compensation paid to our Chief Executive Officer, Robert Saucier, from $120,000 to $200,000 per year. Mr. Saucier will also receive an automobile allowance of up to $400 per month. The other aspects of Mr. Saucier's compensation remain unchanged. We do not currently have a written employment agreement with Mr. Saucier.
ZCore13
" Galaxy Gaming CEO ‘was evasive and, in some instances, intentionally dishonest’ "
http://www.vegasinc.com/business/legal/2013/may/17/board-tells-las-vegas-table-game-maker-stay-out-ca/
Paigow Dan, do not shoot the messenger.
