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to reassure worried shareholders after the company’s California ‘suitability to complete business’ liberties had been revoked by that state’s Gambling Control Commission recently.
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.
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…)