Table game provider Galaxy Gaming appointed longtime gaming industry executive Gavin Isaacs to the Las Vegas-based company’s board of directors Tuesday.
The position is the third board or advisory role with a gaming company Isaacs has landed since he departed Scientific Games at the end of last year.
Galaxy provides casinos with non-traditional table games and table game bonus features, such as side wagers on blackjack. The company is traded on the Over the Counter Market and closed Tuesday at $1.80 per share.
“Gavin brings a rare broad set of skills to the Galaxy Gaming board including his leadership roles, public company background, international reach and deep industry experience,” Galaxy Chairman Mark Lipparelli said in a statement. “Our shareholders will benefit a great deal from his contributions to the Board’s efforts in setting the strategic direction of the company”
Isaacs has held several leadership positions within the gaming industry since the late 1990s, including president of Aristocrat Technologies, chief operating officer of Bally Technologies, CEO of SHFL Entertainment, and CEO of Scientific Games. He began his career as an attorney in Australia.
In January, Isaacs joined SBTech as chairman. The United Kingdom-based company is expanding into the U.S. and recently announced deals to provide sports betting services in New Jersey and Mississippi.
Isaacs was also named in April as a senior advisor to Jackpocket, a mobile start-up designed to offer customers the ability to purchase state lottery tickets online for such games as Powerball and Mega Millions.
“I believe Galaxy Gaming is in a very unique place, with tremendous opportunities in front of it,” Isaacs said. “I am hopeful that my experience in gaming, especially my time in the table games business, and my experience in (mergers and acquisitions), will be helpful in driving Galaxy to the next level.”
Last year Galaxy parted ways with founder, CEO and chairman Robert Saucier after Nevada gaming regulators threatened to reject the company’s license application because of issues in his past.
Galaxy retained Macquarie Capital to assist it in evaluating strategic alternatives, including the potential sale of the shares of the company’s common stock held by Triangulum Partners LLC, a company controlled by Saucier.
In May, Triangulum was issued a $39 million promissory note to redeem a roughly 60 percent stake in Galaxy. Nevada gaming regulators licensed Galaxy in 2017 after Saucier was removed from management roles.
Galaxy CEO Todd Cravens said Isaacs will help the expand the company’s presence in new markets.
“I have known Gavin for a number of years, and we have always wanted to find a way to work together,” Cravens said. “As we grow into new markets and new product lines, Gavin’s counsel will be invaluable.”
Howard Stutz is the executive editor of CDC Gaming. He can be reached at hstutz@cdcgamingreports.com. Follow @howardstutz on Twitter.
