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Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A Nevada-based casino table games developer, maker and distributor is wanting to reassure worried shareholders following the company’s California ‘suitability to do business’ rights had been revoked by that state’s Gambling Control Commission recently.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 California regulators in their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The proceedings didn’t directly involve Galaxy,’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] as we continue to produce our products and services without any interruption.’

With Galaxy doing a whole lot of its business in the Golden State specially with many tribes that are indian have casinos Saucier wished to assure clients and investors that Galaxy’s ‘gaming license with Ca tribes is unchanged and in good standing. Likewise, our status in every other jurisdictions we serve is also unchanged and remains in good standing. In reality, we continue to seek and find new licenses and approvals in additional jurisdictions,’ the letter went on to state.

Conflicting Stories

And also this is where things have, um, a confusing that is little. Because while Saucier emphatically states in their letter that the California Gambling Control Commission don’t rule against him or their co (більше…)

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