
A casino that is nevada-based games developer, maker and distributor is trying to reassure worried shareholders following the company’s California ‘suitability to do business’ rights had been revoked by that state’s Gambling Control Commission recently.
Defending Letter
Galaxy Gaming CEO Robert Saucier has sent out a four-page missive to investors, claiming that all the issues decried by the California regulators inside their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The procedures did not involve Galaxy, directly’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] as we continue to provide our products and services without the interruption.’
With Galaxy doing a whole lot of its business in the Golden State especially with many tribes that are indian have casinos Saucier wished to assure clients and investors that Galaxy’s ‘gaming permit with California 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 new licenses and approvals in extra jurisdictions,’ the letter went on to say.
Conflicting Tales
And this is where things get, 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’s the CEO’s very past that is checkered misstatements, witholding information, and providing misleading information that appears to have gotten him into the pickle by which he now finds himself. So who are 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 become forthcoming with relevant information ended up being inexcusable.’
Whatever Saucier is wanting to convince his minions of, it nonetheless seems that Galaxy Gaming LLC will not manage to operate as a vendor that is tribal Ca following Gambling Commission decision. In fact, he won’t even have the ability to request a reconsideration unless brand new evidence crops up.
Details of ‘Can’t Lose’ Promotion do not stay Well with Revel Customers
Revel in Atlantic City was designed as a Las Vegas-style resort in the city’s famous Boardwalk; but a rocky start caused the casino to file for bankruptcy just ten months after it opened certainly one of the many disastrous starts for a casino in recent memory.
Summertime ‘Refunds’
That’s why Revel designed summer that is special, in an effort to get players right back through the casino’s doors. Within an advertising campaign that admitted things got off to a beginning that is rough Revel invited players right back in July, with the promise of a ‘can’t lose’ promotion on slot machines. Based on 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 simply couldn’t pass up.
Unfortunately, numerous players didn’t browse the print that is fine. And when they found out just what the promotion entailed, some weren’t satisfied with just what they’d to get their refunds.
‘we have a very definition that is different of ‘refund’ than the Revel and I believe a most of other people would agree totally that a reimbursement implies that you’ll receive the 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 print that is fine the offer from the casino makes the promotion a little less incredible than it may seem at first. A few of the restrictions are rather tame: gamblers must lose at the least $100 to qualify, the loss rebates are capped at $100,000, and table game losses aren’t covered.
It’s the manner in which the ‘refunds’ are given to players that has Conti and others upset. Players can receive their refunds only 5 percent at a right time, with every ‘block’ of 5 percent being offered in one associated with 20 weeks after the promotion ends. If a gambler doesn’t visit 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 pay out in money, but in free play credits that may be used in the devices; it may not be directly cashed out.
Some might say that the few conditions on an offer similar to this one are become expected: after all, it might be foolish to think that a casino could simply hand back all of its winnings to customers, even over a period that https://myfreepokies.com/more-chilli-slot-review/ is short of. But, the fact that the details associated with the ‘refund’ program are flashed on tv ads for just a second and in extremely little print could mean that Revel is skirting laws on clarity in marketing, if not actually breaking them.
No matter what the standing that is legal of ad, the type associated with advertising has turned off at least one gambler from visiting Revel once more.
‘When I told my mother relating to this she said, ‘That’s not what the ad on TV said,” Conti stated. ‘My mom have not gone to the Revel and will not go as time goes on.’
Federal Theft Trial Starts for Former Pequot Tribe Chairman
Michael Thomas, a disgraced previous Mashantucket Pequot Tribal country chairman, is currently facing theft that is federal involving inappropriate utilization of a tribe-issued credit 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 costs to get his mother to and from her appointments that are medical according to the prosecutor’s opening statements at his trial.
Expensive, Considerable Limo Rides
$80,000? That has to’ve been close to 200 round trips, by our conservative estimation. Thomas’ defense is he was having financial hardships as he decided Mom could only see the doc showing up via limo. The actual charges took destination for 2 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 attorney, Paul Thomas, says it’s up to the jury to determine if those expenses had been really prohibited.
‘Was it impermissible to charge travel on behalf of their ill, 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 is because of his mother, we’re not totally sure. Regardless, it appears that Michael Thomas never submitted required expense states detailing his sick mother’s limo service. Also not assisting the chairman that is former case had been testimony from Barbara Poirier, the tribe’s director of wellness services, whom noted that the tribe makes transportation services available for members who have to arrive at and from medical appointments.
Dirty Laundry…or Lingerie
Additionally apparently not for mother there were some Victoria’s Secret credit fees made towards the account that is tribal. Probably for a rainfall dance ceremony or something, we’re guessing. Prosecutors brought to light taxation statements showing Thomas’ income of $863,000 in 2008 had fallen to $354,000 by 2009, therefore naturally anybody could relate to his suffering.
Defendant Thomas has pleaded maybe not bad to one count of theft from A indian tribal organization, and to two counts of theft concerning an Indian tribal government getting 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 significantly more than $700,000 between 2005 and 2008, while acting as assistant director of the tribe’s natural resources department.
The 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 idea that is good gamble away a £6,000 (over $9,000) contract which he had recovered 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, this was not an idea that is good all. In fact, it was most likely the stupidest decision he ever made, as he’s now been sentenced to 12 months in prison, suspended for 2 years, and will be forced doing 80 hours of unpaid work for his boss, and pay straight back settlement to the sum of £3,600.
Sandeep Chatha pleaded guilty to stealing the cash after their employers noticed the missing amount and called in police.
Chatha took the opportunity to steal the money in February year that is last after being instructed to pick up 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 had been Chatha’s work to deposit the funds to the company’s account within twenty four hours. However, seizing the ability to create a small money that is extra the 34-year-old alternatively deposited one of the contracted quantities, and tottered on over up to a local casino where he gambled away all the money over the course of several days.
When questioned by authorities, he attempted to claim that it was all just an easy banking error, and that one £6,000 deposit had been compensated over the counter, while 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 from the bank branch, they determined that Chatha was in fact making a false testimony, and eventually tracked him down again in February this present year, after he had changed his address, and revealed their findings, which left him no option but to admit their actions and realize the theft.
‘we needed seriously to purchase petrol while I was working,’ said Chatha, who chose to express himself. ‘I was not thinking straight. It absolutely was never ever my intention to take it all. We spent some funds to fund my petrol expenses, and ended up being then wanting to get the funds back without anyone knowing, therefore I went to a bookmakers and a casino,’ he stated, adding that using the pressure of attempting to win back his losses, ‘We tried it all.’
The judge, however, wasn’t buying it.
‘ I do not believe your account of what happened, but I can not be yes exactly what did occur to it,’ claimed Judge Richard Griffith-Jones upon sentencing your debt collector. ‘It is essential that this failed to carry on for a long period of the time. It was one impulsive act to steal the money, and you pleaded accountable during the first opportunity.’
