Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial 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is trying to reassure worried shareholders following the company’s California ‘suitability to do business’ rights had been revoked by that state’s Gambling Control Commission recently.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’ […]