The merger between Evolution Malta Holding Limited and Galaxy Gaming, Inc. has entered a new phase, with both companies confirming an extended timeline as they work toward securing the last of the necessary gaming approvals. The updated schedule underscores the partners’ intention to complete the transaction while respecting the pace of the U.S. regulatory process.
Extended Timeline Signals Continued Commitment
Evolution and Galaxy previously outlined plans for a merger in which Galaga Merger Sub, Inc. — a wholly owned subsidiary of Evolution — would combine with Galaxy Gaming, leaving Galaxy as a fully integrated subsidiary under Evolution’s ownership. The companies have now mutually opted to push the “outside date” of the Merger Agreement to July 17, 2026, reinforcing their shared dedication to seeing the deal through.
The new deadline allows sufficient room for the completion of approvals from remaining U.S. gaming regulators. Both parties emphasized that this adjustment does not reflect any concerns about the transaction itself, but rather their intention to align with established review timelines. Mississippi’s approval, granted in November 2025, marked an important step forward, and the partners expect the remaining authorizations to be obtained during the first quarter of 2026.
Evolution noted that the revised agreement underscores its full confidence in the process ahead. As CEO Martin Carlesund stated: “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 added that after the transaction closes, Galaxy Gaming will continue to operate as an independent business unit within Evolution: “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.”
Regulatory Review and Anticipated Closing
Both companies highlighted that the remaining milestone before closing is the satisfaction of the Gaming Approval Closing Condition. Once all gaming authorities issue their approvals, this requirement is fulfilled, allowing the transaction to proceed to the final stages.
Galaxy Gaming CEO Matt Reback described the momentum behind the merger as encouraging for both teams: “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.”
Reback also emphasized the future collaborative potential, stating: “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.”
With regulatory progress expected early in 2026, both parties have reiterated that closing should occur shortly after those approvals are finalized. The combination is positioned to bring together two complementary portfolios of casino technology, enhancing offerings for customers globally while maintaining Galaxy’s established identity.
Source:
Evolution And Galaxy Gaming Extend Merger Agreement As Acquisition Progresses; Remaining Regulatory Approvals Are Anticipated In Q1 2026, mb.cision.com, November 25, 2025, 2pm CET
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