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buysidedigest hedge fund letters for investors

Pitch Keyword: merger arb, Evolution AB, gaming licenses, table games, downside cushion, asymmetric risk

Galaxy Gaming, Inc. (GLXZ)

Pitch Summary: Las Vegas–based licensor of proprietary table games (e.g., 21+3, Lucky Ladies) with ~28 U.S. state licenses. Currently under an $85m all-cash takeout by Evolution AB at $3.20/share vs. $2.90 spot (~10% spread; ~30% annualized IRR if closed by YE’25). Shareholder approvals completed; only state gaming regulator approvals remain. Agreement allows shedding non-core licenses […]

Galaxy Gaming, Inc. (GLXZ)

Pitch Summary: Las Vegas–based licensor of proprietary table games (e.g., 21+3, Lucky Ladies) with ~28 U.S. state licenses. Currently under an $85m all-cash takeout by Evolution AB at $3.20/share vs. $2.90 spot (~10% spread; ~30% annualized IRR if closed by YE’25). Shareholder approvals completed; only state gaming regulator approvals remain. Agreement allows shedding non-core licenses […]

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buysidedigest hedge fund letters for investors

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