Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial
Posted Tuesday, February 18th, 2020 by Alicia Martinello



A Nevada-based casino table games developer, manufacturer and distributor is wanting to reassure worried shareholders after the company’s California ‘suitability to complete 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 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 didn’t involve Galaxy, directly’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] even as we continue to deliver our products and solutions with no interruption.’

With Galaxy doing plenty of its business in the Golden State specially with many Indian tribes who have casinos Saucier wanted 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 find licenses that are new approvals in additional jurisdictions,’ the letter went on to say.

Conflicting Stories

And this is where things have, um, a little perplexing. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gambling Control Commission didn’t rule against him or his company in their recent closed regulatory meeting. In fact, it is the CEO’s very past that is checkered misstatements, witholding information, and providing misleading information that seems to have gotten him into the pickle in which he now finds himself. So who’re shareholders to believe?

According to Administrative Law Judge Catherine Frink, not Saucier. He has been described by her as ‘evasive, intentionally dishonest, and misleading in his reaction to questions.’ She adds that ‘in a highly managed industry such as video gaming, the failure to be forthcoming with relevant information ended up being inexcusable.’

Whatever Saucier is attempting to persuade his minions of, it nonetheless seems that Galaxy Gaming LLC will not manage to run as a tribal vendor in Ca following Gambling Commission decision. The Macujo Method also doesn’t leave users with the damaging effects after Jerry G. There is some irritation that comes with the terrain, but it beats having to bleach your hair or put your vision at risk. The next day in the morning i drank the stuff waited 15 minutes refilled the bottle with water and drank that. Stinger claims that this permatox liquid will permanently cleanse all of your body’s systems, which is an exceptionally bold claim. Find more info here In fact, he won’t also manage to request a reconsideration unless new evidence crops up.

Details of ‘Can’t Lose’ Promotion Don’t Sit Well with Revel Customers

Revel in Atlantic City ended up being designed as a Las Vegas-style resort regarding the city’s famous Boardwalk; but a start that is rocky the casino to file for bankruptcy simply ten months after it opened certainly one of the most disastrous starts for a casino in recent memory.

Summer ‘Refunds’

That’s why Revel designed unique summer promotions, in an attempt to get players straight back through the casino’s doors. In an advertisement campaign that admitted things got off to a beginning that is rough Revel invited players back in July, with the promise of a ‘can’t lose’ promotion on slot machines. In accordance with the ads, players would get all of their losses back on slots through to the end of the thirty days, a deal that many gamblers just couldn’t pass up.

Unfortuitously, numerous players didn’t read the fine print. And whenever they learned just what the advertising entailed, some weren’t pleased with just what they would to obtain refunds.

‘I employ a different definition of a ‘refund’ than the Revel and I believe a majority of others would agree that a refund implies that you’ll receive a full reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I don’t feel it is right.’

Read the print that is fine

The print that is fine the offer from the casino makes the promotion a little less amazing than it may seem initially. Some of the restrictions are rather tame: gamblers must lose at least $100 to qualify, the loss rebates are capped at $100,000, and table game losses are not covered.

It’s the real manner in which the ‘refunds’ are fond of players that has Conti and others upset. Players can receive their refunds only 5 percent at a right time, with each ‘block’ of 5 percent being available in one regarding the 20 weeks after the promotion ends. If a gambler doesn’t go to the casino in a given week, they won’t have the ability to receive that percentage of their refund. In addition, the refund doesn’t shell out in money, but in free play credits that could be used in the machines; it can’t be directly cashed down.

Some might say that the few conditions on an offer such as this one are to be expected: all things myfreepokies.com considered, it might be foolish to think that the casino could simply give back each of its winnings to customers, even over a short time period. Nonetheless, the fact that the details regarding the ‘refund’ program are flashed on tv ads for merely a 2nd and in extremely small printing could mean that Revel is skirting laws on clarity in marketing, or even actually breaking them.

No matter what the standing that is legal of ad, the nature regarding the promotion has turned off one or more gambler from visiting Revel once more.

‘When we told my mother concerning this she said, ‘That’s not exactly what the ad on TV said,” Conti said. ‘My mother has not attended the Revel and will perhaps not go as time goes on.’

Federal Theft Trial Starts for Former Pequot Tribe Chairman

Michael Thomas, a disgraced former Mashantucket Pequot Tribal country president, is currently facing theft that is federal involving inappropriate usage of a tribe-issued bank card during hus tenure from 2003 to 2009. Thomas, who chaired the Indian tribe that owns Connecticut’s Foxwoods Casino, is charged with utilising the business card to personally rack up $80,000 in limousine service expenses to get his mother to and from her appointments that are medical according to the prosecutor’s opening statements at his trial.

Expensive, Extensive Limo Rides

$80,000? That has to’ve been close to 200 round trips, by our conservative estimation. Thomas’ protection is he decided Mom could only see the doc arriving via limo that he was having financial hardships when. The real charges took spot for two years between 2007 and 2009 just as the tribe began grappling with tighter available funds after being struck by both the recession and much more neighboring states’ land casino competition.

Thomas’ unrelated defense lawyer, Paul Thomas, says it’s up to the jury to find out if those expenses had been really prohibited.

‘Was it impermissible to charge travel with respect to their unwell, dying mother to get treatment?’ stated defense attorney Thomas. Nice touch, there. The lawyer added that tribal leaders often buy gifts for high rollers with these cards, though what that has to do with his mother, we’re not entirely sure. Regardless, it seems that Michael Thomas never submitted required expense states detailing his ill mom’s limo service. Also not helping the chairman that is former case was testimony from Barbara Poirier, the tribe’s manager of wellness services, who noted that the tribe makes transportation services available for members who need to get to and from medical appointments.

Dirty Laundry…or Lingerie

Also apparently perhaps not for mother there were some Victoria’s Secret credit charges made to the account that is tribal. Probably for a rain party something or ceremony, we’re guessing. Prosecutors brought to light tax statements showing Thomas’ income of $863,000 in 2008 had fallen to $354,000 by 2009, therefore naturally anybody could connect to his suffering.

Defendant Thomas has pleaded perhaps not accountable to 1 count of theft from an indian organization that is tribal and to two counts of theft concerning an Indian tribal government receiving federal funds. His brother Steven Thomas who is being tried separately was also indicted early this year. Steven Thomas, who acted as the Piquot’s tribal treasurer, has been charged with theft of more than $700,000 between 2005 and 2008, while acting as assistant director regarding the tribe’s natural resources department.

Your family that steals together, appeals together? That’s a complete great deal of wampum.

UK Debt Collector Makes Bad Casino Bets Using Collected Funds

A Coventry, UK debt collector decided it was a idea that is good gamble away a £6,000 (over $9,000) agreement which he had restored from the debtor on behalf of his employer, to be able to recoup their own £30 ($46) petrol bill.

Not Certified to Steal

Unfortunately for him, it was not an idea that is good all. In fact, it had been probably the decision that is stupidest he ever made, as he’s now been sentenced to 12 months in jail, suspended for 2 years, and is going to be forced to accomplish 80 hours of unpaid work for his company, and pay straight back compensation towards the sum of £3,600. Does it clean hair follicles to? Will it still clean your system if you smoked wax a week prior? Would this detox clean my system? I used my normal conditioner afterwards. Then dried normally and used new/clean brush. On the night before my test I washed my hair with the nexxus then I used the zydot ultra clean and left the packets on for about 10 or 15 minutes making sure it got all over my scalp and long hair.

Sandeep Chatha pleaded guilty to stealing the cash after his employers noticed the missing amount and called in police.

Chatha took the opportunity to steal the profit February last year, after being instructed to get two £6,000 contracts for Face 2 Face, an organization that executes warrants and recover debts on behalf of utility companies.

Upon collecting the debts, it had been Chatha’s work to deposit the funds to the company’s account within 24 hours. However, seizing the chance to produce a small additional money, the 34-year-old instead deposited one among the contracted quantities, and tottered on over up to a regional casino where he gambled away all the money during the period of several days.

When questioned by police, he attempted to claim that it absolutely was all just a simple banking error, and any particular one £6,000 deposit had been paid over the countertop, even though the other was deposited towards the Face 2 Face account via a deposit machine that is automated.

Surveillance Video Tells the Story

However, when police took to the CCTV footage through the bank branch, they determined that Chatha was in reality making a false testimony, and in the end tracked him down again in February this present year, him no choice but to admit his actions and own up to the theft after he had changed his address, and revealed their findings, which left.

‘we had a need to purchase petrol while I was working,’ said Chatha, who chose to represent himself. ‘I was not thinking straight. It had been never my intention to just take it all. I spent some funds to finance my petrol expenses, and had been then trying to get the amount of money back without anyone knowing, so I went up to a bookmakers and a casino,’ he said, adding that aided by the force of wanting to win his losses back, ‘We tried it all.’

The judge, however, wasn’t buying it.

‘ I don’t believe your account of what happened, but I can’t be sure exactly what did occur to it,’ stated Judge Richard Griffith-Jones upon sentencing your debt collector. ‘It is essential that this failed to continue for a period that is long of. It was one impulsive act to take the money, and also you pleaded responsible at the first opportunity.’

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