Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A Nevada-based casino table games developer, manufacturer and distributor is wanting to reassure worried shareholders following the company’s California ‘suitability to accomplish business’ rights were revoked by that state’s Gambling Control Commission recently.

Defending Page

Galaxy Gaming CEO Robert Saucier has sent out 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 operation in 2009 and dissolved. The proceedings did not straight involve Galaxy,’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] even as we continue to give our products and solutions with no interruption.’

With Galaxy doing plenty of its business in the Golden State particularly with many Indian tribes who have casinos Saucier desired to guarantee clients and investors that Galaxy’s ‘gaming permit with Ca tribes is unchanged and in good standing. Likewise, our status in most other jurisdictions we serve is additionally unchanged and remains in good standing. In fact, we continue steadily to seek and get new licenses and approvals in additional jurisdictions,’ the letter went on to state.

Conflicting Stories

And also this is where things get, um, a confusing that is little. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gambling Read more