A Nevada-based casino table games developer, manufacturer and distributor is attempting to reassure worried shareholders after the company’s California ‘suitability doing business’ rights had been revoked by that state’s Gambling Control Commission recently.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 within their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The proceedings didn’t involve Galaxy, directly’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] once we continue to give our products and royal vegas nz services without any interruption.’
With Galaxy doing plenty of its business in the Golden State particularly with many Indian tribes who have casinos Saucier wished to guarantee customers and investors that Galaxy’s ‘gaming permit with California tribes is unchanged and in good standing. Likewise, our status in most other jurisdictions we serve is also unchanged and remains in good standing. In reality, we continue steadily to seek and acquire licenses that are new approvals in extra jurisdictions,’ the letter went on to state.
And also this is where things get, um, a little confusing. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gambling Control Comm
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