Galaxy Gaming has taken a significant step in fortifying its financial leadership by appointing Everett Kopjo as the new Chief Financial Officer (CFO). Kopjo, a seasoned professional in the industry, is set to officially commence his duties on May 28. His arrival marks the end of Harry Hagerty’s seven-year tenure as CFO, with Hagerty transitioning to a strategic advisory role within the company.
Kopjo brings a wealth of expertise and a solid track record from his previous engagements. Over the past three years, he served at Everi Holdings Inc. in dual capacities: as the Vice President of Finance and as the Director of Investor Relations. His tenure at Everi is noted for strategic financial planning and fostering robust investor relationships, factors that were pivotal in his selection for the CFO role at Galaxy Gaming.
Before his contribution to Everi, Kopjo had an influential five-and-a-half-year spell at PlayAGS, where he held several critical positions, including the Director of Investor Relations from January 2018 to December 2020. His time at PlayAGS was instrumental in refining the company’s financial reporting and investor communication strategies.
Kopjo’s extensive experience also includes significant roles at Wynn Resorts, where he worked for 18 months as a Senior Manager of Financial Reporting, and at Shuffle Master, where he served as Financial Reporting Manager. His diverse exposure across these prominent gaming and entertainment companies highlights his versatile financial acumen and deep understanding of the industry’s intricacies.
Expressing his enthusiasm about the new position, Kopjo stated, “I am deeply honored to be considered and ultimately selected as CFO of Galaxy Gaming. Having observed the company’s trajectory from afar, I have always believed that Galaxy is poised for sustained growth. I am eager to join the team and support our commitment to strategic product innovation. I look forward to leveraging my experience to explore ways to maximize shareholder value and ensure Galaxy Gaming remains at the forefront of industry excellence.”
Galaxy Gaming’s President and CEO, Matt Reback, also shared his positive outlook on Kopjo’s appointment. He emphasized that Kopjo’s experience and leadership align well with the company’s growth ambitions, stating, “Everett’s experience, leadership qualities, work ethic, and contagious energy will undoubtedly contribute to our continued growth and success. While it is never easy to replace someone with the caliber of Harry Hagerty, we take pride in supporting his transition from a full-time C-suite role and continuing to leverage his invaluable experience as a strategic advisor.”
The announcement of Kopjo’s appointment coincides with Galaxy Gaming’s recent publication of its Q1 financial results, which showcased a promising performance.
. The company reported an 8.1% increase in revenue, reaching a record $8.0 million for the quarter. This growth was observed across both the GG Core and GG Digital segments, with the GG Core land-based business remaining the primary revenue driver and the GG Digital division recording notable growth.
Other key financial metrics for Q1 included a 9.6% rise in total operating income to $5.7 million. Additionally, finance costs were reduced by 3.1%, down to $2.1 million, contributing to a more efficient financial structure. This combination of higher revenue and controlled spending led to a significant 40.2% increase in net profit, totaling $178,514. Moreover, the adjusted EBITDA for the quarter saw a modest increase of 2.8%, reaching $3.2 million.
The bolstered financial performance underscores the company’s resilience and strategic execution in a competitive market. Galaxy Gaming’s focus on innovation in the gaming sector continues to drive its growth, and the addition of Kopjo to the executive team is expected to further enhance its strategic initiatives.
As Galaxy Gaming moves forward, the appointment of Everett Kopjo as CFO reflects the company’s commitment to strengthening its leadership in financial management, ensuring a solid foundation for continued operational success and market competitiveness. Stakeholders and investors are optimistic that Kopjo’s leadership and extensive experience will contribute positively to the company’s long-term objectives and shareholder value.
