
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 Continue reading “Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial”