Galaxy Gaming Suspends Billing During Casino Closures
GALAXY GAMING INC (GLXZ)
NASDAQ:AMEX Investor Relations:
ir.galaxygaming.com
Company Research
Source: GlobeNewswire
LAS VEGAS, March 16, 2020 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems, announced today that it will suspend billing its customers whose casinos are closed as a result of the Coronavirus crisis. Such suspension will last for the duration of the closures. Executive Comments “The world has changed drastically in the past week and our customers appear to be among the hardest hit, with mandatory closures in several jurisdictions and more likely to come,” said Todd Cravens, Galaxy’s President and CEO. “These closures will put incredible burdens on our customers with respect to their own customers and employees and we don’t want to add to those burdens. We hope the crisis passes quickly and we look forward to serving our customers again on the other side of this.” “We will pro-rate Licensing Recurring arrangements for the portion of each month’s billing that the casino is closed,” stated Harry Hagerty, Ga
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GLXZ
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form 8-K
- 11/12/24 - Form 10-Q
- GLXZ's page on the SEC website