
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is trying to reassure worried shareholders after the company’s California ‘suitability doing business’ liberties had been revoked by that state’s Gambling Control Commission recently.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 Commission didn’t rule against him or his company in their recent closed regulatory meeting. In reality, it is the CEO’s very checkered past involving misstatements, witholding information, and providing misleading information that seems to have gotten him into the pickle in which he now finds himself. So who are shareholders to believe?
According to Administrative Law Judge Catherine Frink, not Saucier. She has described him as ‘evasive, intentionally dishonest, and misleading in their reaction to questions.’ She adds that ‘in a highly controlled industry such as video gaming, the failure become forthcoming with relevant information was inexcusable.’
Whatever Saucier is attempting to convince his minions of, it nonetheless appears that Galaxy Gaming LLC will no longer be able to operate as a tribal vendor in Ca following the Gambling Commission decision. In fact, he won’t even manage to request a reconsideration unless brand new evidence crops up.
Details of ‘Can’t Lose’ Promotion Don’t stay Well with Revel Customers
Enjoy Atlantic City was designed as a Las Vegas-style resort in the city’s famous Boardwalk; however a start that is rocky the casino to file for bankruptcy simply ten months after it opened one of the most disastrous starts for a casino in recent memory.
Summertime ‘Refunds’
That’s why Revel designed special summer time promotions, in an effort to get players straight back through the casino’s doors. In a advertisement campaign that admitted things got off to a beginning that is rough Revel invited players back in July, with the vow of a ‘can’t lose’ promotion on slot machines. Based on the ads, players would receive all of their losses back on slots until the end of the month, a deal that many gamblers merely couldn’t pass up.
Unfortunately, many players didn’t read the fine print. And when they found out exactly what the promotion entailed, some weren’t pleased with what they’d to get their refunds.
‘we have a very definition that is different of ‘refund’ compared to the Revel and I also believe a most of other people would agree totally that a refund implies you will receive a full reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I do not feel it really is right.’
Read the Fine Print
The small print on the offer from the casino makes the promotion a little less amazing than it may look in the beginning. Some of the restrictions are instead tame: gamblers must lose at the very least $100 to qualify, the loss rebates are capped at $100,000, and table game losses are not covered.
It’s the way in which the ‘refunds’ are given to players that has Conti and others upset. Players can get their refunds only 5 percent at a right time, with every ‘block’ of 5 percent being offered in one associated with the 20 weeks following the advertising 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 these refund. In addition, the refund doesn’t shell out in money, but in free play credits that are used in the devices; it can’t be directly cashed down.
Some might say that a few conditions on an offer such as this one are become expected: in the end, it will be foolish to think that the casino could simply give back all of its winnings to customers, even over a period that is short of. But, the fact that the details of the ‘refund’ program are flashed on tv ads for only a 2nd and in really little printing could mean that Revel is skirting laws on clarity in advertising, or even really breaking them.
Regardless of the standing that is legal of ad, the type associated with the advertising has turned off at least one gambler from visiting Revel once more.
‘When I told my mother about that she said, ‘That’s not just what the ad on TV said,” Conti stated. ‘My mother has not visited the Revel and will perhaps not go as time goes on.’
Federal Theft Trial Begins for Former Pequot Tribe Chairman
Michael Thomas, a disgraced previous Mashantucket Pequot Tribal Nation president, has become 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 using the business card to personally rack up $80,000 in limousine service costs to get his mother to and from her medical appointments, according to your prosecutor’s opening statements at his trial.
Costly, Substantial Limo Rides
$80,000? That has to’ve been close to 200 round trips, by our conservative estimation. Thomas’ defense is he was having monetary hardships as he decided Mom could only understand doc showing up via limo. The actual charges took spot for 2 years between 2007 and 2009 just as the tribe started grappling with tighter available funds after being struck by both the recession and more neighboring states’ land casino competition.
Thomas’ unrelated protection lawyer, Paul Thomas, says it is up to the jury to ascertain if those expenses had been really not allowed.
‘Was it impermissible to charge travel with respect to their sick, dying mother to get treatment?’ said defense attorney Thomas. Nice touch, there. The lawyer added that tribal leaders often buy gifts for high rollers with these cards, though what that is due to his mother, we’re not totally sure. Regardless, it appears that Michael Thomas never submitted required expense states detailing his unwell mother’s limo solution. Additionally not helping the former president’s situation was testimony from Barbara Poirier, the tribe’s director of health services, who noted that the tribe makes transportation services available for members who need to arrive at and from medical appointments.
Dirty Laundry…or underwear
Additionally apparently perhaps not for mother there were some Victoria’s Secret credit charges made towards the tribal account. Probably for a rainfall dance ceremony or something, we’re guessing. Prosecutors brought to light tax statements showing Thomas’ income of $863,000 in 2008 had fallen to $354,000 by 2009, so obviously anyone could connect to his suffering.
Defendant Thomas has pleaded maybe not guilty to at least one 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 a lot more than $700,000 between 2005 and 2008, while acting as assistant director associated with tribe’s natural resources department.
Your family that steals together, appeals together? That’s great deal of wampum.
UK Debt Collector Makes Bad Casino Bets Using Collected Funds
A Coventry, UK debt collector decided it was a good notion to gamble away a £6,000 (over $9,000) agreement which he had restored from a debtor on behalf of his employer, so that you can recoup his own £30 ($46) petrol bill.
Not Certified to Steal
Unfortunately for him, it was perhaps not a good clear idea after all. In fact, it had been most likely the stupidest decision he ever made, as he’s now been sentenced to 12 months in prison, suspended for 2 years, and are forced to do 80 hours of unpaid work for his boss, and pay right back compensation to the sum of £3,600.
Sandeep Chatha pleaded guilty to stealing the cash after his employers noticed the missing amount and called in police.
Chatha took the ability to steal the profit February year that is last after being instructed to get two £6,000 contracts for Face 2 Face, a company that executes warrants and recover debts on behalf of utility companies.
Upon collecting the debts, it was Chatha’s task to deposit the funds to the company’s account within a day. However, seizing the chance to create a little additional money, the 34-year-old alternatively deposited just one of the contracted amounts, and tottered on over up to a regional casino where he gambled away all the money over the course of several days.
When questioned by authorities, he attempted to claim that it had been all just a simple banking error, and this 1 £6,000 deposit had been paid over the counter, whilst the other was deposited towards the Face 2 Face account via a deposit machine that is automated.
Surveillance Video Tells the Story
However, whenever police took to the CCTV footage through the bank branch, they determined that Chatha was in reality making a false testimony, and finally tracked him down again in February this year, after he had changed his address, and unveiled their findings, which left him no option but to admit their actions and realize the theft.
‘we needed seriously to pay for petrol while I was working,’ said Chatha, who chose to represent himself. ‘I wasn’t thinking straight. It was never ever my intention to take it all. I spent some funds to finance my petrol costs, and had been then trying to get the funds back without anyone knowing, therefore I went to a bookmakers and a casino,’ he stated, incorporating that with all the force of attempting to win more chilli slot las vegas back his losses, ‘I used it all.’
The judge, however, had beenn’t buying it.
‘ I do not believe your account of what happened, but I can not be yes what did occur to it,’ claimed Judge Richard Griffith-Jones upon sentencing your debt collector. ‘It is important that this would not continue for a period that is long of. It was one impulsive work to take the money, and also you pleaded responsible during the first opportunity.’
