Galaxy Gaming revenue and earnings increase in 2019
Table games supplier Galaxy Gaming’s revenue increased 14.5% to $21.3m for 2019 and said it remains confident that it has the funds to survive the closure of many casinos due to the outbreak of Covid-19.
The business’s earnings before interest, tax, depreciation and amortisation EBITDA, meanwhile, came to $8.8m, up 33.3% year-on-year.
The business ended 2019 with cash reserves of $9.7m and long-term debt of $48.0m.
As a land-based supplier, the casino closures and social distancing measures caused by the outbreak of the novel coronavirus disease (Covid-19) have had a major effect on Galaxy in 2020.