
A Nevada-based casino table games developer, maker and distributor is trying to reassure worried shareholders after the company’s California ‘suitability to accomplish company’ liberties 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 issues decried by the Ca regulators within their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The procedures didn’t involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] even as we continue to supply 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 permit with California tribes is unchanged and in good standing. Likewise, our status in all other jurisdictions we serve is also unchanged and remains in good standing. In reality, we continue steadily to seek and get new licenses and approvals in extra jurisdictions,’ the letter went on to state.
Conflicting Stories
And also this is where things have, um, a little perplexing. Because while Saucier emphatically states in his letter that the California Gambling Control Commission didn’t rule against him or their company in their current closed regulatory meeting, all proof points to the contrary. In fact, 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’re investors to believe?
According to Administrative Law Judge Catherine Frink, not Saucier. He has been described by her as ‘evasive, intentionally dishonest, and misleading in his reaction to questions.’ She adds that ‘in a highly regulated industry such as gaming, the failure to be forthcoming with relevant information had been inexcusable.’
Whatever Saucier is trying to persuade his minions of, it nonetheless seems that Galaxy Gaming LLC will not manage to run as a vendor that is tribal California following a Gambling Commission decision. In reality, he will not even have the ability to request a reconsideration unless new evidence crops up.
Details of ‘Can’t Lose’ Promotion do not stay Well with Revel Customers
Experience Atlantic City ended up being designed as a Las Vegas-style resort regarding the city’s famous Boardwalk; however a rocky start caused the casino to file for bankruptcy just ten months after it opened one of the many disastrous starts for a casino in recent memory.
Summertime ‘Refunds’
That’s why Revel designed summer that is special, so that you can get players straight back through the casino’s doors. In an advertising campaign that admitted things got off to a rough beginning, Revel invited players right back in July, with the promise of a ‘can’t lose’ promotion on slot machines. According to the ads, players would receive all of their losses back on slots through to the end of the a deal that many gamblers simply couldn’t pass up month.
Unfortuitously, numerous players didn’t read the small print. And whenever they found out exactly what the promotion entailed, some weren’t satisfied with what they would to obtain refunds.
‘I possess a definition that is different of ‘refund’ compared to the Revel and I also believe a most of others would concur that a reimbursement implies that you’ll 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 print that is fine
The small print on the offer from the casino makes the promotion a little less incredible than it may look at first. A number of the restrictions are instead tame: gamblers must lose at the least $100 to qualify, the loss rebates are capped at $100,000, and table game losses are not covered.
It’s the method by which the ‘refunds’ are provided to players that has Conti and others upset. Players can receive their refunds only 5 percent at time, with every ‘block’ of 5 percent being offered in one associated with 20 weeks following the advertising ends. If a gambler doesn’t visit the casino in a given week, they won’t be able to receive that percentage of their refund. In addition, the refund doesn’t spend in money, but in free play credits that are used in the machines; it cannot be directly cashed away.
Some might say that a few conditions on an offer similar to this one are to be expected: in the end, it would be foolish to think that the casino could simply give back most of its winnings to customers, even over a period that is short of. Nonetheless, the fact that the details for the ‘refund’ program are flashed on tv ads for only a second and in very small print could mean that Revel is skirting laws on clarity in marketing, if you don’t really breaking them.
Regardless of the legal standing of the ad, the character of this promotion has turned off at least one gambler from visiting Revel once more.
‘When we told my mother about any of it she said, ‘That’s not just what the ad on TV said,” Conti said. ‘My mom has not visited the Revel and will not go later on.’
Federal Theft Trial Begins for Former Pequot Tribe Chairman
Michael Thomas, a disgraced previous Mashantucket Pequot Tribal country president, happens to be facing federal theft charges involving inappropriate usage of a tribe-issued bank card during hus tenure from 2003 to 2009. Thomas, who chaired the Indian tribe that owns Connecticut’s Foxwoods Casino, is charged with utilising the company 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, Extensive Limo Rides
$80,000? That must’ve been close to 200 round trips, by our conservative estimation. Thomas’ defense is he decided Mom could only see the doc arriving via limo that he was having financial hardships when. The actual charges took place for 2 years between 2007 and 2009 just as the tribe started grappling with tighter available funds after being struck by both the recession and much more neighboring states’ land casino competition.
Thomas’ unrelated protection lawyer, Paul Thomas, says it’s as much as the jury to ascertain if those expenses were actually not allowed.
‘Was it impermissible to charge travel with respect to their sick, dying mother to get treatment?’ stated defense attorney Thomas. Nice touch, there. The lawyer added that tribal leaders often buy gifts for high rollers with these cards, though what that is due to his mother, we’re maybe not entirely sure. Regardless, it appears that Michael Thomas never submitted required expense states detailing his ill mom’s limo service. Also not assisting the chairman that is former instance was testimony from Barbara Poirier, the tribe’s director of health solutions, who noted that the tribe makes transportation services available for members who need to reach and from medical appointments.
Dirty Laundry…or Lingerie
Additionally apparently perhaps not for Mom there were some Victoria’s Secret credit fees made to the account that is tribal. Probably for a rain dance something or ceremony, we’re guessing. Prosecutors brought to tax that is light showing Thomas’ income of $863,000 in 2008 had dropped to $354,000 by 2009, so obviously anyone could relate to their suffering.
Defendant Thomas has pleaded perhaps not responsible to one count of theft from A indian tribal organization, 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 a lot more than $700,000 between 2005 and 2008, while acting as assistant director of this tribe’s natural resources department.
The household that steals together, appeals together? That’s a complete lot of wampum.
UK Debt Collector Makes Bad Casino Bets Using Collected Funds
A Coventry, UK debt collector decided it was a idea that is good gamble away a £6,000 (over $9,000) agreement which he had restored from a debtor on behalf of his employer, so that you can recover their own £30 ($46) petrol bill.
Maybe Not Licensed to Steal
Unfortunately for him, this is not a good clear idea after all. In fact, it had been most likely the decision that is stupidest he ever made, as he’s now been sentenced to 12 months in jail, suspended for 2 years, and will be forced to do 80 hours of unpaid work for his boss, and spend straight back settlement to your sum of £3,600.
Sandeep Chatha pleaded guilty to stealing the cash after their employers noticed the sum that is missing called in police.
Chatha took the chance to take the money in February last year, after being instructed to pick up two £6,000 contracts for Face 2 Face, an organization that executes warrants and recover debts on behalf of utility companies.
Upon collecting the debts, it absolutely was Chatha’s work to deposit the funds to the company’s account within 24 hours. However, seizing the opportunity to create a small money that is extra the 34-year-old instead deposited just one of the contracted quantities, and tottered on over to a regional casino where he gambled away all the money during the period of several days.
When questioned by authorities, he attempted to claim that it was all just an easy banking error, and this one £6,000 deposit had been paid over the counter, as the other was deposited to the Face 2 Face account via a deposit machine that is automated.
Surveillance Video Tells the Story
However, when police took to the CCTV footage through the bank branch, they determined that Chatha was in fact building a false testimony, and in the end monitored him down again in February this present year, him no choice but to admit his actions and own up to the theft after he had changed his address, and revealed their findings, which left.
‘I needed seriously to purchase petrol while I was working,’ said Chatha, whom chose to represent himself. ‘I wasn’t thinking directly. It absolutely was never my intention to simply take it all. I spent some funds to invest in my petrol costs, and ended up being then attempting to get the cash back without anyone knowing, and so I went to a bookmakers and a casino,’ he stated, incorporating that with the stress of wanting to win back his losses, ‘I tried it all.’
The judge, however, wasn’t buying it.
‘ I do not believe your account of what happened, but I can’t be yes exactly what did happen to it,’ reported Judge Richard Griffith-Jones upon sentencing the debt collector. ‘It is very important that this failed to carry on for a period that is long of. It was one impulsive work to take the money, and you also pleaded guilty during the first opportunity.’
