A Nevada-based casino table games developer, manufacturer and distributor is attempting to reassure worried shareholders following the company’s California ‘suitability doing company’ rights had been revoked by that state’s Gambling Control Commission recently.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 California regulators within their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The procedures did not straight involve Galaxy,’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] once we continue to produce 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 clients and investors that Galaxy’s ‘gaming license 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 to seek and acquire new licenses and approvals in extra jurisdictions,’ the letter went on to state.

Conflicting Tales

And this is where things have, um, a little confusing. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gam (more…)