Galaxy Gaming (OTCMKTS:GLXZ) Announces Share Buyback Plan

Galaxy Gaming (OTCMKTS:GLXZ) announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 22nd, RTT News reports. The company plans to repurchase $4.00 million in shares. This repurchase authorization permits the company to repurchase up to 10.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Galaxy Gaming Trading Up 10.7%

Shares of GLXZ stock opened at $1.66 on Thursday. Galaxy Gaming has a 12-month low of $1.42 and a 12-month high of $3.00. The business’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $1.96. The company has a market cap of $42.08 million, a PE ratio of 8.74 and a beta of 0.42.

About Galaxy Gaming

Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.

The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime 21, EZ Baccarat and EZ Pai Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.