Galaxy Bingo Kings Mall. Facebook is showing information to help you better understand the purpose of a Page. 17, 2020 (GLOBE NEWSWIRE) - Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming, announced today its financial results for the fiscal quarter and nine months ended June 30, 2020. For bingo players that perhaps have an interest in space exploration then we may have found the perfect site just for you. Galaxy Bingo is powered by Cozy Games software and is part of the Live Bingo Network. The site offers a safe and secure place to play bingo with over 35 games advertised that can be played for free or real cash. Galaxy Bingo Tzaneen offers 200 electronic gaming machines that feature a combination of electronic bingo and video slots played simultaneously. Players can also enjoy playing live bingo. The bingo hall is open daily from 10:00 am till late. Galaxy Bingo is one of South Africa’s most leading and innovative gaming experiences At Galaxy Bingo our passion is to create and bring you a one-of-kind gaming experience, that appeals to all South Africans. Galaxy Bingo encompasses an impressive portfolio of 23 Bingo sites that are conveniently located across 6 provinces in South Africa.
Business model - Galaxy Bingo and VSlots limited payout machines
Footprint
| as at 31 March 2019 | as at 31 March 2019 | |||||||
| Galaxy EBT sites | Galaxy Casino site | Galaxy ISO site | Galaxy gaming win contribution % | VSlots sites | VSlots machines | VSlots gaming win contribution % | ||
| Gauteng | 4 | – | – | 36 | 146 | 693 | 9 | |
| Eastern Cape | 6 | – | – | 25 | 102 | 895 | 13 | |
| Western Cape | – | – | – | – | 194 | 895 | 27 | |
| KwaZulu-Natal | 4(2) | – | – | 11 | 244 | 1 086 | 19 | |
| Limpopo | 3(3) | – | – | 10 | 143 | 857 | 13 | |
| Mpumalanga | 2 | – | 1 | 7 | 117 | 589 | 9 | |
| North West | 2 | – | – | 7 | 79 | 534 | 4 | |
| Free State | – | – | – | – | 90 | 374 | 4 | |
| Northern Cape | – | –(4) | – | 3 | 29 | 135 | 1 | |
| Total 2019 | 21 | 1 | 1 | 100 | 1 144 | 6 058 | 100 | |
| Total 2018 | 20 | – | 1 | 1 113 | 5 894 | |||
Galaxy Bingo South Africa
| Group revenue contribution % | Group Ebitdar contribution % | |
| Total 2019 | 15 | 12 |
| Total 2018 | 4(1) | 5(1) |
| (1) | Group revenue and Ebitdar contribution included from 20 November 2017 |
| (2) | Operating as a bingo site and includes LPMs |
| (3) | A bingo site was opened in Tzaneen during April 2018 |
| (4) | The acquisition of the Grand Oasis Casino in Kuruman was subject to the approval of the Northern Cape Gambling Board and was not included at 31 March 2018. Approval was received and the casino acquired on 15 June 2018 |
Key features
Galaxy Bingo
Galaxy offers bingo through EBTs and operates the Grand Oasis Casino located in Kuruman, Northern Cape. During each of the 2017 and 2018 financial years four new bingo sites opened with one site opening during the 2019 financial year in Tzaneen during April 2018. As at 31 March 2019, Galaxy operated and managed 23 sites including 17 bingo sites with EBTs, four sites with EBTs and LPMs, one ISO with 40 LPMs and one casino. Machines under management include 3 507 EBTs (2018: 2 900), 200 LPMs (2018: 200) and 162 casino gaming positions (2018: 154). During the year electronic bingo was rolled out at the four KwaZulu-Natal sites that previously offered LPMs and paper bingo. Post-year end, during April 2019, an additional site with EBTs and LPMs opened in Pinetown.
There are an additional two licences in KwaZulu-Natal that are not yet operational. Numerous court cases that may impact the bingo licences in KwaZulu-Natal, Eastern Cape and North West remain pending.
Empowerment shareholding is at a site level which provides access to the licences and the group holds interests of between 29% and 100% in each site and runs the operations of all sites.
The bingo sites and the associated food and beverage outlets operate mainly in leased premises at shopping centres.
The majority of the EBTs are leased and these are being replaced with owned machines where appropriate.
Galaxy Bingo Casino Games
VSlots
Nova Bingo
VSlots offers LPM gaming services and manages 6 058 (2018: 5 894) LPMs at 1 144 sites (2018: 1 113) throughout all the provinces of the country. The sites are located in pubs, bars, clubs, hotels, taverns and bookmakers and the group provides the sites with access to LPMs with a full support structure. The sites are monitored by a national central electronic monitoring system to maintain a well-regulated gaming industry for site owners and their customers.
Tuck Shop Bingo
Growth is achieved through the roll out of additional sites and the optimisation of existing sites in terms of location and product mix. There are significant barriers to entry, including the stringent requirements and time delays in obtaining the necessary licences and a limited number of licences are available for each province.