Galaxy Gaming, Inc. announced that Todd P. Cravens, the company's Vice President of Business Development, has succeeded the company's founder, Robert B. Saucier, as President and Chief Executive Officer. Mr. Saucier remains with the company as a Director and has been appointed to the position of Executive Vice President of Business Development and Chief Product Officer. Prior to joining the company in January 2017, Mr. Cravens was the CEO of the Americas for TCS John Huxley and has over 25 years of experience in the gaming and entertainment industries.

In separate action, the company's board elected Mark Lipparelli as a Director and Chairman of the board. Mr. Lipparelli previously served as a senior executive for several publicly traded gaming manufacturers including Bally Technologies, Shuffle Master, and Casino Data Systems. Additionally, Mr. Lipparelli served as a Board Member and Chairman of the Nevada Gaming Control Board and is a former Nevada State Senator. Mr. Lipparelli has been a strategic advisor to the Company since 2014.