A casino that is nevada-based games developer, manufacturer and distributor is trying to reassure worried shareholders after the company’s California ‘suitability doing business’ liberties were revoked by that state’s Gambling Control Commission recently.
Defending Page
Galaxy Gaming CEO Robert Saucier has delivered a four-page missive to investors, claiming that all the presssing issues decried by the California regulators in their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The procedures didn’t directly involve Galaxy,’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] even as we continue to give our products and solutions with no interruption.’
With Galaxy doing a whole lot of its business in the Golden State particularly with many Indian tribes who have gambling enterprises Saucier wished to assure clients and investors that Galaxy’s ‘gaming license with California tribes is unchanged and in good standing. Likewise, our status in every other jurisdictions we serve is additionally unchanged and remains in good standing. In reality, we continue to seek and find licenses that are new approvals in additional jurisdictions,’ the letter went on to state.
Conflicting Stories
And this is where things get, um, a little perplexing. Because while Saucier emphatically states in their letter that the Ca Gambling Control Commission don’t rule against him or his company in their current shut regulatory meeting, all proof points to the contrary. In reality, it is the CEO’s very past that is checkered misstatements, witholding information, and providing misleading information that appears to have gotten him into the pickle by which he now finds himself. So who’re shareholders to believe?
According to Administrative Law Judge Catherine Frink, not Saucier. She has described him as ‘evasive, intentionally dishonest, and misleading in their response to questions.’ She adds that ‘in a highly controlled industry such as video gaming, the failure to be forthcoming with relevant information had been inexcusable.’
Whatever Saucier is trying to convince his minions of, it nonetheless appears that Galaxy Gaming LLC will not be able to run as a tribal vendor in California following Gambling Commission decision. In fact, he won’t also have the ability to request a reconsideration unless new evidence crops up.
Details of ‘Can’t Lose’ Promotion do not Sit Well with Revel Customers
Enjoy Atlantic City ended up being designed as a Las Vegas-style resort in the city’s famous Boardwalk; but a start that is rocky the casino to file for bankruptcy simply ten months after it opened one of the most disastrous starts for a casino in recent memory.
Summertime ‘Refunds’
That’s why Revel designed summer that is special, so that you can get players right back through the casino’s doors. In a ad campaign that admitted things got off to a rough beginning, Revel invited players back in July, with the promise of a ‘can’t lose’ promotion on slot machines. According to the ads, players would receive all of their losses back on slots until the end of the a deal that many gamblers simply couldn’t pass up month.
Unfortuitously, many players didn’t browse the print that is fine. And whenever they learned what the advertising entailed, some weren’t happy with what they’d to get their refunds.
‘I possess a definition that is different of ‘refund’ compared to the Revel and I believe a most of other people would agree that a refund implies that you’ll receive a complete reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I don’t feel it’s right.’
Read the Fine Printing
The print that is fine the offer from the casino makes the promotion a little less amazing than it may seem in the beginning. A number of the restrictions are instead tame: gamblers must lose at the very least $100 to qualify, the loss rebates are capped at $100,000, and table game losses aren’t covered.
It’s the way in which the ‘refunds’ are given to players that has Conti and others upset. Players can get their refunds only 5 percent at time, with every ‘block’ of 5 percent being available in one for the 20 weeks following the advertising ends. If a gambler doesn’t visit the casino in a given week, they won’t be able to receive that percentage of the refund. In addition, the refund doesn’t spend in cash, but in free play credits that is used in the devices; it can’t be directly cashed out.
Some might say that the few conditions on an offer such as this one are become expected: in the end, it might be foolish to think that a casino could simply surrender every one of its winnings to clients, even over a period that is short of. Nonetheless, the fact that the details of the ‘refund’ program are flashed on television ads for merely a second and in very print that is small mean that Revel is skirting laws on clarity in marketing, if you don’t actually breaking them.
Whatever the standing that is legal of ad, the type of this promotion has turned off a minumum of one gambler from visiting Revel again.
‘When I told my mother about that she said, ‘That’s not just what the ad on TV said,” Conti stated. ‘My mother hasn’t gone to the Revel and will perhaps not go later on.’
Federal Theft Trial Starts for Former Pequot Tribe Chairman
Michael Thomas, a disgraced former Mashantucket Pequot Tribal country chairman, is now facing theft that is federal involving inappropriate use of a tribe-issued credit card during hus tenure from 2003 to 2009. Thomas, who chaired the Indian tribe that owns Connecticut’s Foxwoods Casino, is charged with utilising the business card to personally rack up $80,000 in limousine service expenses to get his mother to and from her appointments that are medical according to your prosecutor’s opening statements at his trial.
Costly, Extensive Limo Rides
$80,000? That has to’ve been close to 200 round trips, by our conservative estimation. Thomas’ protection is he decided Mom could only see the doc arriving via limo that he was having financial hardships when. The real charges took place for 2 years between 2007 and 2009 just as the tribe started grappling with tighter available funds after being hit by both the recession and more neighboring states’ land casino competition.
Thomas’ unrelated defense attorney, Paul Thomas, says it’s as much as the jury to ascertain if those expenses had been actually banned.
‘Was it impermissible to charge travel on behalf of their ill, dying mother to get treatment?’ said defense attorney Thomas. Nice touch, there. The lawyer added that tribal leaders frequently buy gifts for high rollers with these cards, though what that is because of his mother, we’re not entirely sure. Irrespective, it appears that Michael Thomas never submitted required expense reports detailing his unwell mom’s limo solution. Also not helping the previous chairman’s situation had been testimony from Barbara Poirier, the tribe’s director of health services, whom noted that the tribe makes transportation services available for members whom need to reach and from medical appointments.
Dirty Laundry…or underwear
Also apparently maybe not for mother there were some Victoria’s Secret credit fees made to the tribal account. Probably for a rainfall party ceremony or something, we’re guessing. Prosecutors brought to light tax returns showing Thomas’ income of $863,000 in 2008 had dropped to $354,000 by 2009, therefore obviously anyone could relate to their suffering.
Defendant Thomas has pleaded perhaps not guilty to at least one count of theft from A indian tribal organization, and to two counts of theft concerning an Indian tribal federal government getting federal funds. His brother Steven Thomas that is being tried separately was also indicted early this year. Steven Thomas, who acted as the Piquot’s tribal treasurer, has been charged with theft of significantly more than $700,000 between 2005 and 2008, while acting as assistant director of this tribe’s natural resources department.
The family that steals together, appeals together? That’s great deal of wampum.
UK Debt Collector Makes casino that is bad Using Collected Funds
A Coventry, UK debt collector decided it in fact was a good notion to gamble away a £6,000 (over $9,000) contract which he had recovered from the debtor on behalf of his employer, so that you can recover his or her own £30 ($46) petrol bill.
Not Licensed to Steal
Unfortunately for him, this was not an idea that is good all. In reality, it absolutely was probably the decision that is stupidest he ever made, as he’s now been sentenced to 12 months in prison, suspended for just two years, and will likely be forced to do 80 hours of unpaid work for his employer, and pay right back payment to your sum of £3,600.
Sandeep Chatha pleaded guilty to stealing the cash after his employers noticed the sum that is missing called in police.
Chatha took the opportunity to steal the money in February this past year, after being instructed to get two £6,000 contracts for Face 2 Face, a business that executes warrants and recover debts with respect to utility companies.
Upon collecting the debts, it had been Chatha’s task to deposit the funds in to the company’s account within 24 hours. However, seizing the opportunity to make a small extra money, the 34-year-old instead deposited one of the contracted quantities, and tottered on over to a neighborhood casino where he gambled away all the money during the period of several days.
When questioned by authorities, he attempted to claim that it had been all just a simple banking error, and that one £6,000 deposit had been compensated over the counter, as the other was deposited to your Face 2 Face account via a deposit machine that is automated.
Surveillance Video Tells the Tale
However, whenever police took to the CCTV footage through the bank branch, they determined that Chatha was in reality building a false testimony, and finally tracked him down again in February this year, after he had changed his address, and unveiled their findings, which left him no choice but to admit their actions and realize the theft.
‘we needed to purchase petrol while I was working,’ said Chatha, whom chose to represent himself. ‘I was not thinking right. It had been never my intention to take it all. I spent some cash to fund my petrol expenses, and ended up being then trying to get the cash back without anyone knowing, and so I went up to a bookmakers and a casino,’ he stated, incorporating that because of the pressure of attempting to win back his losses, ‘I tried it all.’
The judge, however, ended up beingn’t purchasing it.
‘ I don’t believe your account of what happened, but I cannot be certain exactly what did occur to it,’ stated Judge Richard Griffith-Jones upon sentencing your debt collector. ‘It is very important that this didn’t go on for a any period of time of the time. It was one impulsive work to take the https://casinopokies777.com/royalvegas-casino/ money, and also you pleaded responsible at the first opportunity.’
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