A Nevada-based casino table games developer, manufacturer and distributor is trying to reassure worried shareholders following the company’s California ’suitability to accomplish 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 issues decried by the Ca regulators within their decisions stemmed from a ‚predecessor entity that ceased business operation in 2009 and dissolved. The procedures would not involve Galaxy, directly‘ Saucier went on, adding that ‚it is business as usual [at Galaxy ] even as we continue to provide our products and services with no interruption.‘
With Galaxy doing a lot of its business in the Golden State especially with many tribes that are indian have casinos Saucier desired to assure 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 find new licenses and approvals in extra jurisdictions,‘ the letter went on to express.
And also this is where things get, um, a little confusing. Because while Saucier emphatically states in his letter that the Ca Gambling Control Commission don’t rule against him or their compa Weiterlesen