Evolution and Galaxy Gaming extend merger deadline to July 2026

Evolution and Galaxy Gaming have agreed to extend the deadline for their merger to July 17, 2026. Under the deal, Galaxy Gaming will become a wholly owned subsidiary of Evolution.

As part of the regulatory approval process, Evolution and Galaxy anticipate that the proposed acquisition will receive approvals from relevant authorities during the first quarter of 2026. With Mississippi approval already secured in November 2025, both companies are actively working with other regulatory bodies to satisfy remaining requirements by the extended deadline.

Martin Carlesund, CEO of Evolution AB (publ), said that Evolution is fully committed to acquiring Galaxy Gaming and is confident in obtaining the necessary regulatory approvals.

“Galaxy Gaming’s innovative products and technology will strengthen Evolution’s position and enable us to deliver even greater value to our customers worldwide,” he said. “Following close, we look forward to supporting Galaxy Gaming’s operation as an independent business unit within Evolution, preserving its unique culture while leveraging our global reach and resources to accelerate growth."

Matt Reback, CEO of Galaxy Gaming, said the companies are excited about the transaction and the opportunities ahead. The merger brings together two customer-focused teams to deliver new experiences across land-based and online channels.

“With Evolution’s global reach and financial strength, Galaxy Gaming will accelerate innovation and growth while preserving the independence and identity that define our brand,” he added. "Post-close, we will build on our proven collaboration to drive omni-channel innovation and create even greater value for our partners and players worldwide."

Once all required gaming approvals are received, the merger’s closing condition will be met, and the transaction is expected to close shortly thereafter.