A Nevada-based casino table games developer, maker and distributor is trying to reassure worried shareholders following the company’s California ‘suitability to complete business’ rights were revoked by that state’s Gambling Control Commission recently.
Galaxy Gaming CEO Robert Saucier has sent a four-page missive to investors, claiming that all the issues decried by the California regulators inside their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The proceedings did not involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] once we continue to give our products and services with no interruption.’
With Galaxy doing a lot of its business in the Golden State especially with many tribes that are indian have gambling enterprises Saucier wanted to assure clients and investors that Galaxy’s ‘gaming permit with Ca tribes is unchanged and in good standing. Likewise, our status in every other jurisdictions we serve is also unchanged and remains in good standing. In fact, we continue to seek and acquire licenses that are new approvals in additional jurisdictions,’ the letter went on to express.
And this is where things get, um, a confusing that is little. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gambling Control C read more