A casino that is nevada-based games developer, manufacturer and distributor is wanting to reassure worried shareholders following the company’s California ‘suitability to complete business’ 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 in their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The proceedings did not directly involve Galaxy,’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] once we continue to supply our products and services without any interruption.’
With Galaxy doing a lot of its business in the Golden State especially with many Indian tribes who have gambling enterprises Saucier wanted to ensure customers and investors that Galaxy’s ‘gaming license with California 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 reality, we continue to seek and get licenses that are new approvals in additional jurisdictions,’ the letter went on to express.
And also this is where things get, um, a confusing that is little. Because while Saucier emphatically states in their letter that the Ca Gambling Control Commission didn’t r Continue reading