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 r Continue reading