Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A casino that is nevada-based games developer, manufacturer and distributor is trying to reassure worried shareholders after the company’s California ‘suitability doing business’ liberties were 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 within their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The procedures did not involve Galaxy, directly’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] even as we continue to give our products and services without the interruption.’

With Galaxy doing a lot of its business in the Golden State specially with many tribes that are indian have gambling enterprises Saucier desired to assure clients and investors that Galaxy’s ‘gaming permit with California tribes is unchanged and in good standing. Likewise, our status in every other jurisdictions we serve is additionally unchanged and remains in good standing. In fact, we continue steadily to seek and find licenses that are new approvals in additional jurisdictions,’ the letter went on to express.

Conflicting Tales

And also this is where things get, um, a confusing that is little. Because while Saucier emphatically states in his letter that the California Gambling Control Commission di Read more about Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial