A Nevada-based casino table games developer, maker and distributor is trying to reassure worried shareholders after the company’s California ‘suitability doing business’ liberties had been revoked by that state’s Gambling Control Commission recently.

Defending Letter

Galaxy Gaming CEO Robert Saucier has delivered 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 operation in 2009 and dissolved. The procedures didn’t involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] as we continue to produce 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 gambling enterprises Saucier desired to guarantee customers and investors that Galaxy’s ‘gaming permit with California tribes is unchanged and in good standing. Likewise, our status in all other jurisdictions we serve is also unchanged and remains in good standing. In fact, we continue to seek and find new licenses and 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. All evidence points to the contrary because while Saucier emphatically states in his letter that the California Gambling Control Read More