
A Nevada-based casino table games developer, manufacturer and distributor is wanting to reassure worried shareholders after the company’s California ‘suitability to accomplish company’ rights were revoked by that state’s Gambling Control Commission recently.
Defending Page
Galaxy Gaming CEO Robert Saucier has sent a four-page missive to investors, claiming that all the presssing issues decried by the California regulators within their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The proceedings would not straight involve Galaxy,’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] once we continue to produce our products and services without any interruption.’
With Galaxy doing a great deal of its business in the Golden State especially with many tribes that are indian have gambling enterprises Saucier wished to guarantee clients and investors that Galaxy’s ‘gaming license with California tribes is unchanged and in good standing. Likewise, our status in most other jurisdictions we serve is additionally unchanged and remains in good standing. In reality, we continue to seek and get new licenses and approvals in additional jurisdictions,’ the letter went on to state.
Conflicting Stories
And this is where things have, um, a little perplexing. Because while Saucier emphatically states in their letter that the California Gambling Control Commission did not rule against him or their company in their current shut regulatory meeting, all proof points to the contrary. In reality, it is the CEO’s very checkered past involving misstatements, witholding information, and providing misleading information that seems to have gotten him into the pickle in which he now finds himself. So who are shareholders to believe?
According to Administrative Law Judge Catherine Frink, not Saucier. He has been described by her as ‘evasive, intentionally dishonest, and misleading in their reaction to questions.’ She adds that ‘in a highly controlled industry such as video gaming, the failure to be forthcoming with relevant information ended up being inexcusable.’
Whatever Saucier is wanting to convince his minions of, it nonetheless appears that Galaxy Gaming LLC will not have the ability to operate as a vendor that is tribal California after the Gambling Commission decision. In reality, he won’t also be able to request a reconsideration unless new evidence crops up.
Details of ‘Can’t Lose’ Promotion do not Sit Well with Revel Customers
Experience Atlantic City had been designed as a Las Vegas-style resort on the city’s famous Boardwalk; however a start that is rocky the casino to file for bankruptcy simply ten months after it opened certainly one of the most disastrous starts for a casino in recent memory.
Summer ‘Refunds’
That’s why Revel designed unique summer time promotions, in order to get players straight back through the casino’s doorways. In an advertising campaign that admitted things got off to a rough beginning, Revel invited players right back in July, with the vow 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.
Unfortunately, many players didn’t see the print that is fine. And whenever they discovered exactly what the promotion entailed, some weren’t satisfied with exactly what they’d to obtain refunds.
‘I possess a definition that is different of ‘refund’ than the Revel and I believe a most of other people would agree totally that a refund implies you will receive a full reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I do not feel it’s right.’
Read the Fine Print
The terms and conditions on the offer from the casino makes the promotion a little less amazing than it may look in the beginning. Some of the restrictions are rather 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 real 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 offered in one of the 20 weeks after the promotion ends. If a gambler doesn’t look at the casino in a given week, they won’t manage to receive that percentage of their refund. In addition, the refund doesn’t spend in money, but in free play credits that is used in the devices; it may not be directly cashed away.
Some might say that the few conditions on an offer similar to this one are to be expected: all things considered, it will be foolish to think that the casino could simply surrender every one of its winnings to clients, even over a short period of time. Nonetheless, the fact that the details regarding the ‘refund’ program are flashed on tv ads for just a second and in very print that is small mean that Revel is skirting laws on clarity in marketing, or even actually breaking them.
Regardless of standing that is legal of ad, the type associated with promotion has turned off one or more gambler from visiting Revel again.
‘When I told my mom about this she said, ‘That’s not exactly what the ad on TV said,” Conti stated. ‘My mom hasn’t visited the Revel and will not go in the foreseeable future.’
Federal Theft Trial Starts for Former myfreepokies.com Pequot Tribe Chairman
Michael Thomas, a disgraced former Mashantucket Pequot Tribal Nation president, happens to be facing theft that is federal involving inappropriate utilization of a tribe-issued charge card during hus tenure from 2003 to 2009. Thomas, who chaired the Indian tribe that owns Connecticut’s Foxwoods Casino, is charged with utilizing the business card to personally rack up $80,000 in limousine service expenses to get his mother to and from her medical appointments, according towards the prosecutor’s opening statements at his trial.
Expensive, Substantial Limo Rides
$80,000? That has to’ve been close to 200 round trips, by our conservative estimation. Thomas’ defense is that he was having monetary hardships when he decided Mom could only start to see the doc showing up via limo. The charges that are actual spot for two years between 2007 and 2009 just as the tribe began grappling with tighter available funds after being struck by both the recession and more neighboring states’ land casino competition.
Thomas’ unrelated protection attorney, Paul Thomas, says it’s as much as the jury to ascertain if those costs 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 has to do with his mother, we’re not entirely sure. Irrespective, it appears that Michael Thomas never submitted required expense reports detailing his sick mother’s limo service. Also not assisting the former president’s case ended up being testimony from Barbara Poirier, the tribe’s director of wellness solutions, whom noted that the tribe makes transportation services available for members whom need to arrive at and from medical appointments.
Dirty Laundry…or Lingerie
Additionally apparently maybe not for Mom there had been some Victoria’s Secret credit fees made to the tribal account. Probably for a rain party ceremony or something, we’re guessing. Prosecutors brought to tax that is light showing Thomas’ income of $863,000 in 2008 had fallen to $354,000 by 2009, so obviously anybody could connect to their suffering.
Defendant Thomas has pleaded not accountable to at least one count of theft from an indian organization that is tribal and to two counts of theft concerning an Indian tribal federal government receiving federal funds. His brother Steven Thomas who 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 the tribe’s natural resources department.
Your 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 was a good idea to gamble away a £6,000 (over $9,000) contract which he had restored from the debtor on behalf of his employer, in order to recoup his own £30 ($46) petrol bill.
Maybe Not Licensed to Steal
Unfortunately for him, it was not a good notion after all. In reality, it absolutely was most likely the stupidest decision he ever made, as he’s now been sentenced to 12 months in jail, suspended for just two years, and will likely be forced to do 80 hours of unpaid work for his manager, and pay back compensation to your sum of £3,600.
Sandeep Chatha pleaded guilty to stealing the cash after his employers noticed the missing sum and called in police.
Chatha took the chance to take the money in February last year, after being instructed to get two £6,000 contracts for Face 2 Face, a business that executes warrants and recover debts on behalf of utility companies.
Upon collecting the debts, it was Chatha’s task to deposit the funds into the company’s account within 24 hours. However, seizing the opportunity to make a little money that is extra the 34-year-old instead deposited one among the contracted amounts, and tottered on over to a local casino where he gambled away all the money during the period of several days.
When questioned by police, he attempted to claim that it was all just a simple banking error, and that one £6,000 deposit had been paid over the countertop, whilst the other was deposited to the Face 2 Face account via a deposit machine that is automated.
Surveillance Video Tells the Tale
However, when police took to the CCTV footage from the bank branch, they determined that Chatha was in fact making a false testimony, and finally tracked him down again in February this present year, after he had changed his address, and unveiled their findings, which left him no option but to admit their actions and admit the theft.
‘we needed seriously to purchase petrol while I was working,’ said Chatha, who chose to represent himself. ‘I wasn’t thinking directly. It absolutely was never my intention to take it all. I spent some cash to finance my petrol expenses, and ended up being then trying to get the money back without anyone knowing, so I went up to a bookmakers and a casino,’ he said, adding that with the force of wanting to win his losses back, ‘We tried it all.’
The judge, however, wasn’t buying it.
‘ I don’t believe your account of what happened, but I cannot be sure just what did occur to it,’ reported Judge Richard Griffith-Jones upon sentencing the debt collector. ‘It is very important that this would not go on for a long period of time. It was one impulsive work to take the money, and you pleaded accountable during the first opportunity.’