Galaxy Gaming to acquire table game assets from Lakes Entertainment

Included in the acquisition are nine patents, various trademarks and four casino table games known as Bonus Craps, Bonus Roulette, Rainbow Poker and Four the Money.

In addition, Galaxy Gaming will receive assignment of licensing agreements for approximately 40 placements in 12 casinos. In addition, approximately 8 more casinos are have the game on trial representing another 40 placements. Bonus Craps is played in casinos in Illinois, Michigan, Mississippi and Nevada including on the Las Vegas Strip at Treasure Island, New York, New York, Bellagio, Wynn and Encore. Galaxy will be exhibiting these and other products at Global Gaming Expo (G2E) at booth number 1617.

"At Lakes, we have been pleased with the performance of these games but we decided to continue our focus on executing our core business strategies," commented Lyle Berman, Chairman of Lakes Entertainment. "Galaxy Gaming appeared to be the ideal fit for our table game portfolio and I think these products will show extremely well at this year's G2E in Las Vegas. I wish them great success."

"Just over two years ago, I was in Mississippi with a group of casino executives who raved about Bonus Craps and its performance in their casinos. As a competitor, I was immediately envious," commented Robert Saucier, Galaxy Gaming's CEO. "I cannot express how pleased we are to now add this product, as well as their other fine games and intellectual property, to our portfolio of casino table games. Moreover, we picked up an 'A' list of new casino clients, which all of us at Galaxy Gaming would like to extend a warm welcome," added Saucier.