On November 14, 2016, Galaxy Gaming, Inc. accepted the resignation of Gary A. Vecchiarelli as Chief Financial Officer, Corporate Treasurer and Secretary of the Company, to be effective on or before December 31, 2016. Mr. Vecchiarelli has served as Chief Financial Officer of the Company since July 1, 2012. Mr. Vecchiarelli's resignation was given in connection with his accepting a position with Golden Entertainment, Inc., and was not due to any disagreement with management or the Company.

The Company has begun a search for a new Chief Financial Officer. Upon the departure of Mr. Vecchiarelli, Mr. Saucier will assume the role and title of Chief Financial Officer, Corporate Treasurer and Secretary of the Company.