Evolution and Galaxy Gaming have jointly confirmed an updated timeline for their merger, moving the official completion deadline to July 17, 2026. This extension underscores the companies’ shared commitment to combining two complementary businesses while navigating the complex regulatory landscape.
Strategic Extension for a Global Merger
Under the original Merger Agreement, Galaga Merger Sub, Inc., a wholly owned subsidiary of Evolution, will merge into Galaxy Gaming, with Galaxy continuing as a wholly owned subsidiary of Evolution. By extending the agreement’s “outside date,” both parties signal confidence in completing the transaction and integrating their operations while awaiting necessary regulatory approvals.
Mississippi’s gaming authority has already granted approval in November 2025. The remaining regulatory requirements are expected to be met during the first quarter of 2026. Evolution and Galaxy Gaming remain in active collaboration with regulators to satisfy all conditions, ensuring a smooth path toward closing.
Leadership Perspectives
Martin Carlesund, CEO of Evolution AB (publ), highlighted the strategic rationale behind the merger: “We remain fully committed to completing the acquisition of Galaxy Gaming and are confident in the progress toward regulatory approvals. This extension reflects our respect for the review processes of U.S. gaming regulators, and our shared determination to bring two complementary businesses together. 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 further explained: “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.”
Galaxy Gaming’s CEO, Matt Reback, added perspective on the collaboration’s potential: “We are energized by the progress toward closing and the tremendous opportunities ahead. This transaction brings together two world-class, customer-focused teams and positions us to deliver exceptional experiences across both 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 continued: “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.”
Path to Completion
Once all required gaming approvals are secured, the Gaming Approval Closing Condition of the Merger Agreement will be met. The merger is expected to close promptly following the fulfillment of remaining conditions. Both Evolution and Galaxy Gaming are dedicated to ensuring all regulatory criteria are satisfied by the revised July 17, 2026 timeline.
Company Overviews
Evolution AB delivers fully integrated B2B Live Casino solutions and serves more than 800 operators worldwide. Founded in 2006, the company employs over 21,650 people across Europe and North America. Evolution is publicly listed on Nasdaq Stockholm under the ticker EVO and holds licenses in multiple jurisdictions, including Malta, the UK, Belgium, Canada, Romania, and South Africa.
Galaxy Gaming, based in Las Vegas, develops and distributes casino table games, bonusing systems, and gaming technologies for land-based and online operators. Galaxy Gaming Digital is recognized as the leading licensor of proprietary table games for online casinos and holds 131 licenses worldwide, including 28 U.S. states.
Source:
“Evolution And Galaxy Gaming Extend Merger Agreement As Acquisition Progresses; Remaining Regulatory Approvals Are Anticipated In Q1 2026”, Press Release, November 25, 2025
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