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Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A Nevada-based casino table games developer, manufacturer and distributor is wanting to reassure worried shareholders after the company’s California ‘suitability to complete business’ liberties had been revoked by that state’s Gambling Control Commission recently.

Defending Page

Galaxy Gaming CEO Robert Saucier has sent out 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 did not directly involve Galaxy,’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] as we continue to supply our products and solutions with no interruption.’

With Galaxy doing a whole lot of its business in the Golden State particularly with many tribes that are indian have casinos Saucier desired to guarantee clients and investors that Galaxy’s ‘gaming license with Ca tribes is unchanged and in good standing. Likewise, our status in all other jurisdictions we serve is additionally unchanged and remains in good standing. In fact, we continue to seek and find licenses that are new approvals in extra jurisdictions,’ the letter went on to state.

Conflicting Tales

And this is where things get, um, a little perplexing. Because while Saucier emphatically states in his letter that the California Gambling Control Commission didn’t rule against h (more…)

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nTrust CEO Says Bitcoins will be a Mainstream never Payment Option

nTrust CEO Says Bitcoins will be a Mainstream never Payment Option

*****Bitcoins: money coins or fake money?******

Poor Bitcoin. It’s like Rodney Dangerfield: it can’t get any respect. Not through the people who could simply take it to the next level anyway. And the very reason some touted it as the easiest way to move currency around on line may end up being the exact reason it’s going to never ever attain mainstream acceptance. At least, based on nTrust creator and CEO Robert MacGregor, who is also a technology and alternative payments lawyer. The online vault systems founder (nTrust just isn’t available in the U.S.) has some strong opinions on Bitcoins and just why they stay lukewarm in reception general to the world wide web exchange universe that is monetary.

Still Struggling for Mainstream Acceptance

MacGregor recently coined an op-ed piece on Bitcoins, and shared his thoughts on why they will probably never be accepted by the main-stream banking worldwide entities as a real currency. MacGregor says the matter is not whether Bitcoins have enjoyed some acceptance, but if they will ever get acceptance that is enough matter, and their answer is: not so much. And he’s not the only 1 who believes so, either.

The nTrust CEO ascertains that, by the definition of money as one thing which you can use to get things, Bitcoins have failed miserably. And to measure that, MacGregor states, all you have to do is have a look at the number that is relatively tiny of whom accept Bi (more…)

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Ugandan Students Miss College Graduation When They Gamble Away Tuition

Ugandan Students Miss College Graduation When They Gamble Away Tuition

Fifty-five company school students missed their graduation that is own after away their tuition in Kampala, Uganda

Many schools and universities have codes of conduct that look down on students participating in gambling activities. Therefore while the pupils of Makerere Business Institute (MBI) in Kampala, Uganda were probably encouraged to invest their money, doing this by betting on sports was not likely to win them numerous friends in the administration.

Students Gambled Away Tuition

A total of 55 students with MBI were forced to miss out on graduation ceremonies after they reportedly spent funds including some that had been earmarked for their tuition on gambling and activities betting. The announcement by school principal Nathan Twesigye influenced his comments at the school’s recent graduation ceremony.

Twesigye was especially surprised to find that the gambling issue apparently impacted a diverse range of students.

‘ As you can see, girls have started gambling, which is quite strange,’ Twesigye said.

Gambling is quickly becoming business that is big Uganda. That may surprise many observers outside Africa, but those more familiar with the nation can understand just why. The people of Uganda is young, enjoys sports, and at least in the capital city of Kampala benefits from being better educated and wealthier compared to generations before them.

Sports Betting Ops Targeting Students

That combina (more…)

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Showtime Producer Bryan Zuriff Can Do Time for On The Web Gambling Crimes

Showtime Producer Bryan Zuriff Can Do Time for On The Web Gambling Crimes

***Bryan Zuriff, Ray Donovan producer***

In the place of developing a compelling drama, Showtime series Ray Donovan producer Bryan Zuriff is starring in their very own crime series, it seems, and it’s not having an extremely happy ending for the troubled Hollywood mogul. Zuriff has now entered a guilty plea with the Southern District Court of ny the Department of Justice arm that indicted Zuriff, along with 33 others, back April of in 2010 for a high-profile Russian mob-spearheaded, arranged crime Internet sportsbetting and high-stakes poker syndicate ring. The plea ended up being for Zuriff’s indictment on felony gambling charges and was received by U.S. Attorney for the Southern District of New York Preet Bharara week that is last.

Plea Deal and Forfeiture

Specifically, Zuriff’s charges include operating an illegal sports gambling business, transmission of recreations wagering information across state lines, and acceptance of monetary instruments for unlawful Web gambling; he has just pled guilty, at the time of now, to your last charge, and may receive up to 5 years within the joint for their role into the international gambling scandal. Moreover, the producer will also have to forfeit fifty per cent of a million dollars to satisfy the regards to their plea deal utilizing the Feds. He now awaits sentencing on Nov. 25 three days before Thanksgiving and two before the start of (very early) Hanuk (more…)

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