May 23, 2023 / NTS GMT
Presentation
May 23, 2023 / NTS GMT
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Corporate Participants
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* Harry Hagerty
Galaxy Gaming, Inc. - CFO
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Harry Hagerty - Galaxy Gaming, Inc. - CFO
Good afternoon, everybody. Todd is not able to join today. He's focused on some other stuff as he should be.
Questions and Answers:
Harry Hagerty - Galaxy Gaming, Inc. - CFOSo I thought I would address some of the questions that came into us after we made our earnings release last week. The first is on the perpetual license, which is really equivalent to a sale. It was to a large customer, who has over two dozen properties, but because of their unique structure, they prefer CapEx to operating expense.
Most casino companies are the reverse. We were happy to accommodate this customer as these purchases covered all of our development costs for GOS. This is how the customer has acquired our electronics in the past. They are the only one to do it this way. And we do not plan to make it a new
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