GALAXY GAMING, INC. (OTCMKTS:GLXZ) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01

Effective May 1, 2017, the Board of Directors of Galaxy Gaming,
Inc. (the Company) approved the appointment of Harry C. Hagerty
(Mr. Hagerty) as the Companys Chief Financial Officer, Secretary
and Treasurer.Mr. Hagerty will also be the Companys Principal
Financial Officer.Mr. Hagerty replaces Robert Saucier who has
served as interim Chief Financial Officer since December 31,
2016.

Mr. Hagerty joined the Company in February 2017 as a financial
consultant to the Company.From March 2002 through May 2004, Mr.
Hagerty served as CFO of Caesers Entertainment, Inc. and from
July 2004 through July 2007, Mr. Hagerty served as CFO of Global
Cash Access Holdings, Inc.Mr. Hagerty serves as President and CFO
of Sightline Payments, LLC, a privately-held company that is
innovating payment systems for gaming systems, and has served in
such capacity since December 2011.None of these parties is an
affiliate of the Company.

In connection with his appointment, on May 1, 2017 the Company
entered into an employment agreement (the Agreement) with Mr.
Hagerty.The term of the Agreement continues through April 30,
2020. to the Agreement, Mr. Hagerty shall receive a base salary
of $120,000 and be eligible for bonuses if and as approved by the
Compensation Committee of the Companys Board of Directors.In
addition, to the Agreement, Mr. Hagerty will be granted an option
to purchase 400,000 shares of the Companys common stock at a
price per share of $0.60, subject to vesting and other
conditions.

This disclosure does not purport to list all of the provisions of
the Agreement, which will be filed as an exhibit to the Companys
quarterly report on Form 10-Q for the fiscal quarter ended March
31, 2017.

There are no family relationships between Mr. Hagerty and any
director or executive officer of the Company that are required to
be disclosed to Item 401(d) of Regulation S-K. There are no
related party transactions involving the Company that are
required to be disclosed to Item 404(a) of Regulation S-K related
to Mr. Hagerty.

Item 8.01Other Events

On May 3, 2017, the Company issued a press release announcing the
appointment of Mr. Hagerty as the Companys Chief Financial
Officer. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits

ExhibitDescription

99.1Press release dated May 3, 2017

4822-3427-2829.v1

4834-9438-8295

About GALAXY GAMING, INC. (OTCMKTS:GLXZ)

Galaxy Gaming, Inc. is engaged in the business of designing, developing, manufacturing and/or acquiring casino table games and associated technology, platforms and systems for the global gaming industry. The Company markets its products to land-based, riverboat and cruise ship gaming establishments and to Internet gaming companies. It groups its products into four product categories: Proprietary Table Games, Enhanced Table Systems, e-Tables and Ancillary Equipment. The Company has an installed base of its products on over 5,000 gaming tables located in over 600 casinos. The Company owns over 20 different table games, including 21+3, Two-way Hold’em and Three Card Poker, which are played in over 250 casinos. The Company’s Proprietary Table Games are grouped into two product types: Side Bets and Premium Games. Enhanced Table Systems are electronic enhancements used on casino table games to add to player appeal and to enhance game security.

GALAXY GAMING, INC. (OTCMKTS:GLXZ) Recent Trading Information

GALAXY GAMING, INC. (OTCMKTS:GLXZ) closed its last trading session 00.000 at 0.600 with 800 shares trading hands.