"I was disappointed and surprised, but I understand the hockey business and things have to change sometimes," he told the Journal Pioneer of Summerside, Prince Edward Island, on Saturday. "They made a tough decision, and I'm sure it was tough on them, but that's the way hockey is.
"I was an All-Star coach a week and a half ago, and we were in first place in our division, and then things change and we lost four in a row. They made a decision, it isn't too popular with me, but it is what it is, and you have to move on."
Gallant, who coached the Columbus Blue Jackets from 2003-06 and the Florida Panthers from 2014-16 before being hired by Vegas on April 13, 2017, said he will coach again.
"I'm not going to worry about the past," the 56-year-old said. "I'm going to look at the future, and that's what you have to do as a coach.
"I'm far from done. I enjoy coaching."