A Nevada-based casino table games developer, manufacturer and distributor is trying to reassure worried shareholders following the company’s California ‘suitability to do company’ liberties 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 presssing issues decried by the Ca regulators within their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The procedures failed to involve Galaxy, directly’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] as we continue to produce our products and services without the interruption.’
With Galaxy doing plenty of its business in the Golden State particularly with many tribes that are indian have casinos Saucier desired to ensure customers and investors that Galaxy’s ‘gaming permit with California tribes is unchanged and in good standing. Likewise, our status in most other jurisdictions we serve is also unchanged and remains in good standing. In fact, we continue to seek and get new licenses and approvals in additional jurisdictions,’ the letter went on to state.
And also this is where things get, um, a little perplexing. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gambling Control Commission did Continue reading Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial