A Nevada-based casino table games developer, manufacturer and distributor is attempting to reassure worried shareholders following the company’s California ‘suitability doing company’ liberties had been revoked by that state’s Gambling Control Commission recently.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 presssing issues decried by the California regulators within their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The proceedings didn’t involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] once we continue to provide our products and services without the interruption.’

With Galaxy doing a lot of its business in the Golden State specially with many tribes that are indian have gambling enterprises Saucier wanted to guarantee customers 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 acquire licenses that are new approvals in additional jurisdictions,’ the letter went on to state.

Conflicting Tales

And this is where things have, 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 fact, it’s the CEO’s very checkered past involving misstatements, witholding information, and providing misleading information that seems 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. She’s got described him as ‘evasive, intentionally dishonest, and misleading in his response to questions.’ She adds that ‘in a highly regulated industry such as video gaming, the failure to be 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 no longer have the ability to run as a vendor that is tribal Ca after the Gambling Commission decision. In fact, he won’t even be able to request a reconsideration unless new evidence crops up.

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

Experience Atlantic City was designed as a Las Vegas-style resort regarding the city’s famous Boardwalk; however 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.

Summer ‘Refunds’

That’s why Revel designed summer that is special, so that you can get players right back through the casino’s doorways. Within an advertisement campaign that admitted things got off to a rough beginning, Revel invited players back in July, with the promise of a ‘can’t lose’ promotion on slot machines. According to the ads, players would receive all of their losses back on slots until the end of the thirty days, a deal that many gamblers simply couldn’t pass up.

Unfortuitously, numerous players didn’t browse the fine print. And whenever they discovered just what the promotion entailed, some weren’t happy with what they’d to obtain refunds.

‘we have a very different definition of the ‘refund’ than the Revel and I believe a majority of others would concur 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 really is right.’

Read the print that is fine

The fine print on the offer from the casino makes the promotion a little less incredible than it may seem at first. A number 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 aren’t covered.

It’s the way 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 offered in one of the 20 weeks after the advertising ends. If a gambler doesn’t visit 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 spend in cash, but in free play credits that are used in the machines; it can’t be directly cashed away.

Some might say that the few conditions on an offer similar to this one are to be expected: in the end, it will be foolish to think that a casino could simply surrender all of its winnings to clients, even over a period that is short of. Nevertheless, the fact that the details of the ‘refund’ program are flashed on tv ads for merely a 2nd and in extremely print that is small 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 character of this promotion has turned off a minumum of one gambler from visiting Revel once again.

‘When we told my mother about it she said, ‘That’s not exactly what the ad on TV said,” Conti stated. ‘My mother have not gone to the Revel and will maybe not go in the future.’

Federal Theft Trial Begins for Former Pequot Tribe Chairman

Michael Thomas, a disgraced previous Mashantucket Pequot Tribal Nation chairman, is now facing theft that is federal involving inappropriate use 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 using the business card to personally rack up $80,000 in limousine service expenses to get his mother to and from her medical appointments, according to your 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 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 started grappling with tighter available funds after being hit by both the recession and much more neighboring states’ land casino competition.

Thomas’ unrelated defense attorney, Paul Thomas, says it is as much as the jury to find out if those costs had been actually banned.

‘Was it impermissible to charge travel on behalf of his sick, dying mother to get treatment?’ stated defense attorney Thomas. Nice touch, there. The lawyer added that tribal leaders usually buy gifts for high rollers with these cards, though what that has to do with his mother, we’re maybe not totally sure. Irrespective, it appears that Michael Thomas never submitted required expense reports detailing his unwell mother’s limo service. Also not helping the chairman that is former instance was testimony from Barbara Poirier, the tribe’s director of health services, whom noted that the tribe makes transportation services available for members whom need to arrive at and from medical appointments.

Dirty Laundry…or underwear

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

Defendant Thomas has pleaded perhaps not responsible 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 12 months. 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.

The family that steals together, appeals together? That’s lot of wampum.

UK Debt Collector Makes casino that is bad 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 restored from a https://myfreepokies.com/more-chilli-slot-review/ debtor on behalf of his employer, in order to recoup his or her own £30 ($46) petrol bill.

Not Certified to Steal

Unfortunately for him, it was maybe not a good idea after all. In fact, it absolutely was most likely the decision that is stupidest he ever made, as he’s now been sentenced to 12 months in prison, suspended for 2 years, and is going to be forced to complete 80 hours of unpaid work for his boss, and spend straight 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 opportunity to take the profit February this past year, 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 had been Chatha’s work to deposit the funds into the company’s account within twenty four hours. However, seizing the ability to make a small money that is extra the 34-year-old instead deposited one among the contracted quantities, and tottered on over up to a local 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 mistake, and this 1 £6,000 deposit had been compensated over the counter, although the other was deposited to the Face 2 Face account via a deposit machine that is automated.

Surveillance Video Tells the Tale

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

‘we needed to buy petrol while I was working,’ said Chatha, who chose to express himself. ‘I was not thinking straight. It was never ever my intention to simply take it all. We spent some money to finance my petrol costs, and ended up being then trying to get the funds back without anyone knowing, therefore I went to a bookmakers and a casino,’ he stated, adding that aided by the pressure of trying to win his losses back, ‘I used it all.’

The judge, however, wasn’t purchasing it.

‘ I do not believe your account of what happened, but I may not be yes exactly what did happen to it,’ stated Judge Richard Griffith-Jones upon sentencing your debt collector. ‘It is important that this did not continue for a long period of the time. It was one impulsive act to steal the money, and you also pleaded bad at the first opportunity.’