A casino that is nevada-based games developer, manufacturer and distributor is attempting to reassure worried shareholders after the company’s California ‘suitability to accomplish business’ liberties were revoked by that state’s Gambling Control Commission recently.
Galaxy Gaming CEO Robert Saucier has sent out a four-page missive to investors, claiming that all the presssing issues decried by the Ca regulators in their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The procedures did not directly involve Galaxy,’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] once we continue to produce our products and services without any interruption.’
With Galaxy doing a whole lot of its business in the Golden State especially with many tribes that are indian have gambling enterprises Saucier wanted to assure customers and investors that Galaxy’s ‘gaming license with California tribes is unchanged and in good standing. Likewise, our status in all other jurisdictions we serve is also unchanged and remains in good standing. In fact, we continue to seek and get new licenses and approvals in extra jurisdictions,’ the letter went on to state.
And also this is where things get, um, a little confusing. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gambling Co Continue reading “Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial”