Galaxy Gaming appoints Everi’s Kopjo as new CFO

Galaxy Gaming has announced the appointment of Steve Kopjo, previously of Everi Holdings, PlayAGS and Wynn Resorts, as its new chief financial officer (CFO).

An experienced industry professional, Kopjo will officially take on the CFO role at Galaxy on 28 May. He is replacing Harry Hagerty, who is moving to a strategic advisory role after seven years as CFO.

Kopjo joins Galaxy after three years at Everi. Here, he spent time as vice-president of finance and director of investor relations.

Prior to this, he worked at PlayAGS for five and a half years. This also included a spell as director of investor relations, serving in the role from January 2018 to December 2020.

His other industry roles include 18 months as senior manager of financial reporting at Wynn Resorts. In addition, he spent time as financial reporting manager at Shuffle Master.

Kopjo backs Galaxy to achieve continued growth

Speaking about his appointment, Kopjo said he is honoured to be considered and ultimately selected as CFO.

“I’ve watched Galaxy from afar and always believed it was poised for continued growth,” Kopjo said. “I can’t wait to join the team and support the commitment to strategic product innovation. I look forward to bringing my experience to bear as we explore ways to maximise shareholder value, ensuring Galaxy Gaming remains at the forefront of industry excellence.”

Galaxy president and CEO Matt Reback also welcomed the appointment. He said Kopjo has skills that are a strong fit for Galaxy.

“His experience, leadership, work ethic and contagious energy will without a doubt contribute to our continued growth and success,” Reback said.

“While it is never easy to replace someone like Harry Hagerty, we are proud of how we have supported his transition from a full-time C-suite role and continue to leverage his valuable experience as a strategic advisor.”

Record Q1 for Galaxy

The appointment comes after Galaxy this month published its Q1 results. These include an 8.1% rise in revenue to $8.0m (£6.3m/€7.4m), a record quarterly figure for the group.

Revenue was higher across both the GG Core and GG Digital segments at Galaxy Gaming in Q1. While the GG Core land-based business remains its primary source of revenue, the GG Digital division posted more growth.

Other key figures from Q1 include total operating rising 9.6% to $5.7m. However, finance costs were cut by 3.1% to $2.1m.

Lower overall spending, coupled with revenue growth, meant net profit increased 40.2% to $178,514. In addition, adjusted EBITDA edged up 2.8% to $3.2m for the quarter.