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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, manufacturer and distributor is attempting to reassure worried shareholders following the company's California 'suitability doing business' liberties had been revoked by that state's Gambling Control Commission recently.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 in their decisions stemmed from a 'predecessor entity that ceased business procedure in 2009 and dissolved. The proceedings did not involve Galaxy, directly' Saucier went on, incorporating that 'it is business as usual [at Galaxy ] once we continue to supply our products and services without the interruption.'

With Galaxy doing plenty of its business in the Golden State specially with many Indian tribes who have casinos Saucier desired 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 additionally unchanged and remains in good standing. In fact, we continue to seek and get new licenses and approvals in additional jurisdictions,' the letter went on to say.

Conflicting Stories

And also this is where things get, um, a confusing that is little. Because while Saucier emphatically states in his letter that the Ca Gambling Control Commission don't rule against him or their