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Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Posted by on Feb 13, 2020 in Slots Australia | Comments Off

A casino that is nevada-based games developer, manufacturer and distributor is trying to reassure worried shareholders following the company’s California ‘suitability to do business’ rights had been revoked by that state’s Gambling Control Commission recently.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 Letter

Galaxy Gaming CEO Robert Saucier has sent a four-page missive to investors, claiming that all the presssing issues decried by the California regulators inside their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The procedures did not directly involve Galaxy,’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] even as we continue to give our products and solutions without any interruption.’

With Galaxy doing a lot of its business in the Golden State specially 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 also unchanged and remains in good standing. In fact, we continue steadily to seek and find licenses that are new approvals in extra jurisdictions,’ the letter went on to state.

Conflicting Tales

And also this is where things get, um, a little perplexing. Because while Saucier emphatically states in his letter that the Ca Gambling Control Commission don’t rule ag

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