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Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Dienstag, Februar 18th, 2020

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A casino that is nevada-based games developer, manufacturer and distributor is attempting to reassure worried shareholders after the company’s California ‘suitability to accomplish company’ rights were 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 issues decried by the Ca regulators within their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The proceedings didn’t involve Galaxy, directly’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] once we continue to offer our products and solutions without the interruption.’

With Galaxy doing a whole lot of its business in the Golden State specially with many Indian tribes who have gambling enterprises Saucier wished to assure customers and investors that Galaxy’s ‘gaming permit with Ca tribes is unchanged and in good standing. Likewise, our status in every other jurisdictions we serve is also unchanged and remains in good standing. In fact, we continue to seek and acquire licenses that are new approvals in additional jurisdictions,’ the letter went on to state.

Conflicting Stories

And this is where things have, um, a little confusing. Because while Saucier emphatically states in his letter that the Ca Gambling Control Commission didn’t rule against him or his company (mehr …)