{"id":246,"date":"2024-06-25T18:43:35","date_gmt":"2024-06-25T15:43:35","guid":{"rendered":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/"},"modified":"2024-06-25T18:43:35","modified_gmt":"2024-06-25T15:43:35","slug":"galaxy-gaming-sees-revenue-growth-but-remains-in-the-red","status":"publish","type":"post","link":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/","title":{"rendered":"Galaxy Gaming Sees Revenue Growth But Remains in the Red"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/aaqOCQQpjxk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>While Galaxy Gaming&#8217;s income climbed by 18.8% in 2023, hitting $27.8 million (\u00a322 million\/\u20ac25.7 million), the firm is still operating at a deficit.<\/p>\n<p>Both physical and digital operations saw gains in 2023. However, due to rising expenses across various areas, Galaxy Gaming once again encountered a net loss.<\/p>\n<p>Chief Executive Officer (CEO) and President Matt Rebuck was generally content with the mixed outcomes. Rebuck joined Galaxy in November, taking over from Todd Cravens who had been at the helm of the company since mid-2017.<\/p>\n<p>In examining the results, Rebuck emphasized the revenue increase as a significant positive for Galaxy. He also expressed optimism about the company&#8217;s future prospects.<\/p>\n<p>&#8220;We believe that 2023 marked the peak of perpetual license sales,&#8221; Rebuck stated. &#8220;We will revert to a sustainable growth model, primarily relying on consistent income generated by our robust core and premium felt product range, emerging GOS product line, and our online gaming business in 2024.<\/p>\n<p>&#8220;I&#8217;ve been with Galaxy for four and a half months now, and I&#8217;m confident about the company&#8217;s future.&#8221; <\/p>\n<p>The company is concentrating on expanding its operations, aiming for a substantial increase in income in the coming years. They intend to achieve this through internal growth and potential mergers.<\/p>\n<p>Their primary land-based operations are the driving force behind the company&#8217;s success. In the current year, this sector generated a significant $19.3 million in revenue, a substantial 25.7% increase from the previous year. This growth was fueled by the sale of permanent licenses, which experienced a massive 1,226.5% increase, reaching $3.7 million. New distribution agreements also contributed to the growth.<\/p>\n<p>While the company&#8217;s digital operations also saw an increase in revenue, it grew at a slower rate compared to the core business. Revenue increased by 4.8% from $8 million in the previous year to $8.4 million in the current year. This growth was attributed to online customers expanding into new markets and seeing growth in traditional markets.<\/p>\n<p>Geographically, the Americas generated the most revenue, reaching $17 million, a 34.9% increase. Europe, the Middle East, and Africa contributed $10.8 million, slightly lower than the previous year.<\/p>\n<p>Despite the revenue growth, the company&#8217;s profits were affected by increased spending. Operating expenses rose by 21.3% to $21.1 million in the current year, primarily due to a 25.6% increase in sales, general, and administrative expenses.<\/p>\n<p>Operating profit grew by 9.8% to $6.7 million. However, higher net finance-related expenses, reaching $8 million, resulted in a net loss for the year. <\/p>\n<p>The celestial body encountered a financial setback of five million dollars, resulting in a pre-tax deficit of one point seven million dollars, compared to one point six million dollars in the same timeframe last year.<\/p>\n<p>The celestial body paid seventy-nine thousand two hundred twenty-eight dollars in taxes, but gained from a favorable foreign currency translation effect of fifty-one thousand six hundred twelve dollars. This resulted in a net deficit of one point eight million dollars for the year, which is comparable to last year&#8217;s outcomes.<\/p>\n<p>Despite the deficit, adjusted earnings before interest, taxes, depreciation, and amortization saw a slight uptick, increasing by one percent to ten point six million dollars.<\/p>\n<p>The final three months of the year followed a similar pattern. The celestial body only disclosed certain figures for the three-month period, including a six point four percent increase in net income to six point seven million dollars.<\/p>\n<p>GG core income grew by eighteen percent to four point six million dollars, but GG digital income decreased by twelve point five percent to two hundred ten million dollars.<\/p>\n<p>The group&#8217;s net deficit for the quarter reached eight hundred twenty thousand dollars, compared to a profit of fifty-five thousand dollars in 2022. Adjusted earnings before interest, taxes, depreciation, and amortization also decreased by ten percent to two hundred eighty million dollars. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Galaxy Gaming&#8217;s income climbed by 18.8% in 2023, hitting $27.8 million (\u00a322 million\/\u20ac25.7 million), the firm is still operating at a deficit. Both physical and digital operations saw gains in 2023. However, due to rising expenses across various areas, Galaxy Gaming once again encountered a net loss. Chief Executive Officer (CEO) and President Matt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Galaxy Gaming Sees Revenue Growth, But Still in the Red<\/title>\n<meta name=\"description\" content=\"Galaxy Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Galaxy Gaming Sees Revenue Growth But Remains in the Red\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Galaxy Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unlock the Secrets of Casino Success with Our Licensed Platform\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T15:43:35+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/bebidashve.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"headline\":\"Galaxy Gaming Sees Revenue Growth But Remains in the Red\",\"datePublished\":\"2024-06-25T15:43:35+00:00\",\"dateModified\":\"2024-06-25T15:43:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/\"},\"wordCount\":623,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/bebidashve.com\/#organization\"},\"articleSection\":[\"Gambling\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/\",\"url\":\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/\",\"name\":\"Galaxy Gaming Sees Revenue Growth, But Still in the Red\",\"isPartOf\":{\"@id\":\"https:\/\/bebidashve.com\/#website\"},\"datePublished\":\"2024-06-25T15:43:35+00:00\",\"dateModified\":\"2024-06-25T15:43:35+00:00\",\"description\":\"Galaxy Gaming\",\"breadcrumb\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/bebidashve.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Galaxy Gaming Sees Revenue Growth But Remains in the Red\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bebidashve.com\/#website\",\"url\":\"https:\/\/bebidashve.com\/\",\"name\":\"Unlock the Secrets of Casino Success with Our Licensed Platform\",\"description\":\"Explore the dynamic world of online gambling through our regularly updated news, honest game reviews, and expert insights. Our licensed casino is your go-to destination for thrilling entertainment.\",\"publisher\":{\"@id\":\"https:\/\/bebidashve.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bebidashve.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/bebidashve.com\/#organization\",\"name\":\"Unlock the Secrets of Casino Success with Our Licensed Platform\",\"url\":\"https:\/\/bebidashve.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/bebidashve.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/bebidashve.com\/wp-content\/uploads\/sites\/6\/2024\/06\/free-icon-five-stars-e1718095466897.png\",\"contentUrl\":\"https:\/\/bebidashve.com\/wp-content\/uploads\/sites\/6\/2024\/06\/free-icon-five-stars-e1718095466897.png\",\"width\":150,\"height\":150,\"caption\":\"Unlock the Secrets of Casino Success with Our Licensed Platform\"},\"image\":{\"@id\":\"https:\/\/bebidashve.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/bebidashve.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/bebidashve.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/bebidashve.com\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Galaxy Gaming Sees Revenue Growth, But Still in the Red","description":"Galaxy Gaming","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/","og_locale":"en_GB","og_type":"article","og_title":"Galaxy Gaming Sees Revenue Growth But Remains in the Red","og_description":"Galaxy Gaming","og_url":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/","og_site_name":"Unlock the Secrets of Casino Success with Our Licensed Platform","article_published_time":"2024-06-25T15:43:35+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#article","isPartOf":{"@id":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/"},"author":{"name":"admin","@id":"https:\/\/bebidashve.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"headline":"Galaxy Gaming Sees Revenue Growth But Remains in the Red","datePublished":"2024-06-25T15:43:35+00:00","dateModified":"2024-06-25T15:43:35+00:00","mainEntityOfPage":{"@id":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/"},"wordCount":623,"commentCount":0,"publisher":{"@id":"https:\/\/bebidashve.com\/#organization"},"articleSection":["Gambling"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/","url":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/","name":"Galaxy Gaming Sees Revenue Growth, But Still in the Red","isPartOf":{"@id":"https:\/\/bebidashve.com\/#website"},"datePublished":"2024-06-25T15:43:35+00:00","dateModified":"2024-06-25T15:43:35+00:00","description":"Galaxy Gaming","breadcrumb":{"@id":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/bebidashve.com\/2024\/06\/25\/galaxy-gaming-sees-revenue-growth-but-remains-in-the-red\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/bebidashve.com\/"},{"@type":"ListItem","position":2,"name":"Galaxy Gaming Sees Revenue Growth But Remains in the Red"}]},{"@type":"WebSite","@id":"https:\/\/bebidashve.com\/#website","url":"https:\/\/bebidashve.com\/","name":"Unlock the Secrets of Casino Success with Our Licensed Platform","description":"Explore the dynamic world of online gambling through our regularly updated news, honest game reviews, and expert insights. Our licensed casino is your go-to destination for thrilling entertainment.","publisher":{"@id":"https:\/\/bebidashve.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bebidashve.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/bebidashve.com\/#organization","name":"Unlock the Secrets of Casino Success with Our Licensed Platform","url":"https:\/\/bebidashve.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/bebidashve.com\/#\/schema\/logo\/image\/","url":"https:\/\/bebidashve.com\/wp-content\/uploads\/sites\/6\/2024\/06\/free-icon-five-stars-e1718095466897.png","contentUrl":"https:\/\/bebidashve.com\/wp-content\/uploads\/sites\/6\/2024\/06\/free-icon-five-stars-e1718095466897.png","width":150,"height":150,"caption":"Unlock the Secrets of Casino Success with Our Licensed Platform"},"image":{"@id":"https:\/\/bebidashve.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/bebidashve.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/bebidashve.com\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/bebidashve.com\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/posts\/246"}],"collection":[{"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/comments?post=246"}],"version-history":[{"count":0,"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/posts\/246\/revisions"}],"wp:attachment":[{"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/media?parent=246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/categories?post=246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bebidashve.com\/wp-json\/wp\/v2\/tags?post=246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}