Galaxy Gaming Brings Veteran Steve Kopjo to Join the Team as the New CFO

Galaxy Gaming has announced the appointment of Steve Kopjo, formerly with Everi Holdings, PlayAGS, and Wynn Resorts, as its new Chief Financial Officer. Kopjo will officially assume the CFO role on May 28, succeeding Harry Hagerty, who will transition to a strategic advisory role after serving as CFO for seven years.

Kopjo brings a wealth of experience from his three years at Everi, where he served as Vice-President of Finance and Director of Investor Relations. His previous roles also include a five-and-a-half-year tenure at PlayAGS, where he worked as Director of Investor Relations from January 2018 to December 2020. Additionally, Kopjo held positions as Senior Manager of Financial Reporting at Wynn Resorts and Financial Reporting Manager at Shuffle Master.

Galaxy Gaming’s announcement of Steve Kopjo’s appointment as Chief Financial Officer coincides with the company’s release of its Q1 results, which mark a record quarter for the group. Revenue increased by 8.1% to $8.0 million, driven by growth in both the GG Core and GG Digital segments.

The GG Core land-based business continued to be the primary revenue source, while the GG Digital division showed significant growth. Key figures for Q1 include a 9.6% rise in total operating expenses to $5.7 million, alongside a 3.1% reduction in finance costs to $2.1 million.

This combination of higher revenue and lower overall spending resulted in a 40.2% increase in net profit, amounting to $178,514. Additionally, adjusted EBITDA saw a modest rise of 2.8%, reaching $3.2 million for the quarter.

Kopjo expressed his honor at being chosen for the CFO position, noting his long-held belief in Galaxy’s potential for growth. He looks forward to joining the team and contributing to strategic product innovation, with a focus on maximizing shareholder value and maintaining Galaxy Gaming’s industry excellence.

Galaxy President and CEO Matt Reback welcomed Kopjo’s appointment, highlighting his relevant skills and fit for the company. Reback emphasized that Kopjo’s experience, leadership, work ethic, and energy would significantly contribute to Galaxy’s continued growth and success. He also acknowledged the challenge of replacing Harry Hagerty but expressed pride in supporting Hagerty’s transition to a strategic advisory role, ensuring that his valuable experience remains available to the company.

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