A Nevada-based casino table games developer, maker and distributor is wanting to reassure worried shareholders following the company’s California ‘suitability to accomplish company’ rights had been revoked by that state’s Gambling Control Commission recently.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 presssing issues decried by the California regulators within their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The procedures did not involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] even as we continue to give our products and solutions with no interruption.’
With Galaxy doing plenty of its business in the Golden State especially with many Indian tribes who have casinos Saucier wished to assure clients and investors that Galaxy’s ‘gaming license with California tribes is unchanged and in good standing. Likewise, our status in every other jurisdictions we serve is also unchanged and remains in good standing. In reality, we continue to seek and find licenses that are new approvals in extra jurisdictions,’ the letter went on to say.
Conflicting Stories
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 reality, 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. He has been described by her as ‘evasive, intentionally dishonest, and misleading in his reaction 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 attempting to convince his minions of, it nonetheless appears that Galaxy Gaming LLC will not have the ability to run as a tribal vendor in Ca following the Gambling Commission decision. In reality, he will not even manage to request a reconsideration unless brand new evidence crops up.
Details of ‘Can’t Lose’ Promotion do not Sit Well with Revel Customers
Experience Atlantic City was designed as a Las Vegas-style resort on the city’s famous Boardwalk; but a rocky start caused the casino to file for bankruptcy simply ten months after it opened certainly one of the most disastrous starts for a casino in recent memory.
Summer ‘Refunds’
That’s why Revel designed unique summer time promotions, so that you can get players right back through the casino’s doorways. In an advertisement campaign that admitted things got off to a rough beginning, Revel invited players straight back in July, with the promise of a ‘can’t lose’ promotion on slot machines. In accordance with 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 see the print that is fine. And whenever they found out exactly what the promotion entailed, some weren’t satisfied with exactly what they’d to get their refunds.
‘we have a very definition that is different of ‘refund’ compared to the Revel and I believe a most of other people would agree that a refund implies you will receive a complete reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I don’t feel it’s right.’
Read the Fine Print
The print that is fine the offer from the casino makes the promotion a little less amazing than it may seem in the beginning. 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 are not covered.
It’s the way in which the ‘refunds’ are provided 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 regarding the 20 weeks after the advertising ends. If a gambler doesn’t look at the casino in a given week, they won’t manage to receive that percentage of these refund. In addition, the refund doesn’t shell out in cash, but in free play credits that can be used in the machines; it cannot be directly cashed away.
Some might say that a few conditions on an offer such as this one are to be expected: all things considered, it will be foolish to think that the casino could simply give back most of its winnings to clients, even over a period that is short of. Nonetheless, the fact that the details associated with the ‘refund’ program are flashed on television ads for only a second and in extremely little print could mean that Revel is skirting laws on clarity in marketing, or even really breaking them.
Regardless of the appropriate standing of the ad, the character regarding the promotion has turned off at least one gambler from visiting Revel again.
‘When I told my mother about it she said, ‘That’s not just what the ad on TV said,” Conti stated. ‘My mother hasn’t visited the Revel and will maybe not go in the future.’
Federal Theft Trial Starts for Former Pequot Tribe Chairman
Michael Thomas, a disgraced previous Mashantucket Pequot Tribal Nation chairman, has become 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 utilizing the company 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.
Costly, Substantial 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 actual charges took destination for 2 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’s as much as the jury to ascertain if those costs were really banned.
‘Was it impermissible to charge travel on behalf of his ill, dying mother to get treatment?’ said defense attorney Thomas. Nice touch, there. The lawyer added that tribal leaders usually buy gifts for high rollers with these cards, though what that is because of his mother, we’re perhaps not totally sure. Regardless, it appears that Michael Thomas never submitted required expense states detailing his sick mom’s limo solution. Additionally not assisting the previous president’s case had been testimony from Barbara Poirier, the tribe’s director of health services, whom noted that the tribe makes transportation services available for members who need to reach and from medical appointments.
Dirty Laundry…or Lingerie
Additionally apparently perhaps not for mother there were some Victoria’s Secret credit charges made towards the account that is tribal. Probably for a rainfall party something or ceremony, we’re guessing. Prosecutors brought to tax that is light showing Thomas’ income of $863,000 in 2008 had fallen to $354,000 by 2009, so naturally anybody could connect to their suffering.
Defendant Thomas has pleaded maybe not responsible to one count of theft from A indian tribal organization, and to two counts of theft concerning an Indian tribal government receiving federal funds. His brother Steven Thomas that 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 a complete great deal of wampum.
UK Debt Collector Makes casino that is bad Using Collected Funds
A Coventry, UK debt collector decided it in fact was a idea that is good gamble away a £6,000 (over $9,000) agreement which he had recovered from a debtor on behalf of his employer, to be able to recover his own £30 ($46) petrol bill.
Maybe Not Licensed to Steal
Unfortunately for him, this was maybe not a good clear idea after 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 likely be forced to do 80 hours of unpaid work for his boss, and pay back compensation to your 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 ability to take the profit February this past year, after being instructed to pick up two £6,000 contracts for Face 2 Face, a business that executes warrants and recover debts with respect to utility companies.
Upon collecting the debts, it had been Chatha’s job to deposit the funds into the company’s account within twenty four hours. However, seizing the opportunity to produce a small extra money, the 34-year-old alternatively deposited one among the contracted quantities, and tottered on over to a regional casino where he gambled away all the money over the course of several days.
When questioned by police, he attempted to claim that it absolutely was all just a simple banking error, and any particular one £6,000 deposit had been compensated over the countertop, although the other was deposited to your Face 2 Face account via a automated deposit machine.
Surveillance Video Tells the Tale
However, when police took to the CCTV footage from the bank branch, they determined that Chatha was in fact building a false testimony, and finally tracked him down again in February this season, after he had changed his address, and revealed their findings, which left him no option but to admit their actions and admit the theft.
‘we needed to buy petrol while I was working,’ said Chatha, who chose to represent himself. ‘I wasn’t thinking straight. It was never ever my intention to simply take it all. We spent some funds to fund my petrol expenses, and had been then trying to get the amount of money back without anyone knowing, so I went up to a more chilli slot ad bookmakers and a casino,’ he said, adding that with all the pressure of trying to win his losses back, ‘I used it all.’
The judge, however, ended up beingn’t purchasing it.
‘ I do not believe your account of what happened, but I may not be certain just what did occur to it,’ claimed Judge Richard Griffith-Jones upon sentencing your debt collector. ‘It is important that this failed to carry on for a long period of time. It was one impulsive work to steal the money, and you pleaded guilty during the first opportunity.’