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 agains Continue reading Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial →