Home People Galaxy Gaming names Everi Kopjo new Chief Financial Officer

Galaxy Gaming names Everi Kopjo new Chief Financial Officer

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Galaxy Gaming announced that Steve Kopjo has been appointed as the new Chief Financial Officer (CFO). Kopjo previously worked at Everi Holdings and PlayAGS, while Wynn resorts was also a part of Everi Holdings.

Kopjo, an experienced professional in the industry, will take over as CFO at Galaxy officially on 28th May. Kopjo replaces Harry Hagerty who, after serving as Galaxy’s CFO for seven years, is now moving into a role of strategic advisor.

Kopjo joined Galaxy in September after spending three years with Everi. He served as director of investor relationships and vice president of finances.

He worked for PlayAGS five and a half years before that. It also includes a stint as the director of investor relationships, where he served from January 2018 until December 2020.

He also spent 18 months in the industry as senior manager for financial reporting with Wynn Resorts. He also spent some time at Shuffle Master as the financial reporting manager.

Kopjo supports Galaxy in its continued growth

Kopjo expressed his honour at being considered for the position of CFO and was ultimately chosen.

Kopjo stated, “I have watched Galaxy closely and I always thought it would continue to grow.” I can’t believe that it is time for me to be part of the Galaxy team. “I look forward to using my expertise to maximize shareholder value and ensure Galaxy Gaming is at the forefront in industry excellence.

Matt Reback, the CEO and president of Galaxy, also welcomed this appointment. Kopjo’s skills are well suited to Galaxy, he said.

Reback stated that “His leadership, contagious enthusiasm, hard work and experience will contribute without doubt to our success and growth.”

While it’s never easy to replace someone as experienced and valuable as Harry Hagerty we are very proud to have helped him transition to a part-time role in the C-suite. We will continue to use his experience to help us make strategic decisions.

Record Q1 of Galaxy

Galaxy published Q1 results this month. Galaxy’s Q1 results showed an increase of 8.1% in revenues to $8.0m, a new record for the company.

In Q1, revenue was up across the GG Core segment and GG Digital at Galaxy Gaming. The GG Digital segment grew more than the GG core land-based division, even though the GG Core business is still the primary revenue source.

Total operating revenue increased 9.6% in Q1 to $5,7m. Finance costs, however, were down 3.1% at $2.1m.

Net profit grew by 40.2%, to $178.514, as a result of lower overall expenditures and revenue growth. The adjusted EBITDA for the third quarter increased by 2.8%, to $3.2m.

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