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A Nevada-based casino table games developer, maker and distributor is wanting to reassure worried shareholders after the company’s California ‘suitability to do business’ rights were revoked by that state’s Gambling Control Commission recently.
Defending Page
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 procedures failed to involve Galaxy, directly’ Saucier went on, adding that ‘it is business as usual [at Galaxy ] as we continue to supply our products and solutions without the interruption.’
With Galaxy doing a lot of its business in the Golden State particularly with many tribes that are indian have gambling enterprises Saucier wished to guarantee clients and investors that Galaxy’s ‘gaming permit 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 reality, we continue steadily to seek and acquire licenses that are new approvals in additional jurisdictions,’ the letter went on to express.
Conflicting Tales
And this is where things have, um, a confusing that is little. Because while Saucier emphatically states in his letter that the Ca Gambling Control Commission did not rule against him or his company in their recent shut regulatory meeting, all evidence points to the contrary. In reality, it is 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 response to questions.’ She adds that ‘in a highly regulated industry such as video gaming, the failure to be forthcoming with relevant information was inexcusable.’
Whatever Saucier is wanting to convince his minions of, it nonetheless seems that Galaxy Gaming LLC will not have the ability to run as a vendor that is tribal California following Gambling Commission decision. In reality, he won’t even be able to request a reconsideration unless brand new evidence crops up.
Details of ‘Can’t Lose’ Promotion Don’t Sit Well with Revel Customers
Enjoy Atlantic City was designed as a Las Vegas-style resort in the city’s famous Boardwalk; but 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 promotions, in an attempt to get players right back through the casino’s doorways. In a advertisement campaign that admitted things got off to a rough beginning, Revel invited players right back in July, with the vow of a ‘can’t lose’ promotion on slot machines. In accordance with the ads, players would get all of their losses back on slots until the end of the a deal that many gamblers simply couldn’t pass up month.
Unfortunately, many players didn’t browse the terms and conditions. And whenever they learned just what the promotion entailed, some weren’t satisfied with what they would to get their refunds.
‘I have a very definition that is different of ‘refund’ than the Revel and I believe a majority of other people would agree totally that a refund implies you will receive the full reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I don’t feel it’s right.’
Read the print that is fine
The print that is fine 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 least $100 to qualify, the loss rebates are capped at $100,000, and table game losses are not covered.
It’s the method by 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 every ‘block’ of 5 percent being available in one regarding the 20 weeks after the advertising ends. If a gambler doesn’t visit the casino in a given week, they won’t manage to receive that percentage of their refund. In addition, the refund doesn’t pay out in cash, but in free play credits that is used in the devices; it can’t be directly cashed down.
Some might say that the few conditions on an offer such as this one are to be expected: after all, it might be foolish to think that a casino could simply give back every one of its winnings to customers, even over a short time frame. But, the fact that the details regarding the ‘refund’ program are flashed on tv ads for merely a 2nd and in extremely small printing could mean that Revel is skirting laws on clarity in marketing, if not really breaking them.
Regardless of the appropriate standing of the ad, the nature of the advertising has turned off a minumum of one gambler from visiting Revel once more.
‘When I told my mother about that she said, ‘That’s not exactly what the ad on TV said, » Conti said. ‘My mother has not gone to the Revel and will perhaps not go later on.’
Federal Theft Trial Begins for Former Pequot Tribe Chairman
Michael Thomas, a disgraced former Mashantucket Pequot Tribal country president, has become facing federal theft charges involving inappropriate usage 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 business card to personally rack up $80,000 in limousine service expenses to get his mother to and from her medical appointments, 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 was having financial hardships when he decided Mom could only understand doc showing up via limo. The actual charges took spot for just 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 protection attorney, Paul Thomas, says it is as much as the jury to ascertain if those expenses had been actually banned.
‘Was it impermissible to charge travel on behalf of their sick, dying mother to get treatment?’ said defense attorney Thomas. Nice touch, there. The lawyer added that tribal leaders frequently buy gifts for high rollers with these cards, though what that is due to his mother, we’re maybe not totally sure. Regardless, it seems that Michael Thomas never submitted required expense reports detailing his unwell mother’s limo service. Additionally not assisting the chairman that is former case had been testimony from Barbara Poirier, the tribe’s manager of hotel royal las vegas health services, whom noted that the tribe makes transportation services available for members who need certainly to reach and from medical appointments.
Dirty Laundry…or underwear
Additionally apparently not for mother there had been some Victoria’s Secret credit charges made towards the account that is tribal. Probably for a rainfall dance something or ceremony, 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 anyone could relate to his suffering.
Defendant Thomas has pleaded not bad to 1 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 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 for the tribe’s natural resources department.
Your family that steals together, appeals together? That’s a complete 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) agreement which he had recovered from the debtor on behalf of his employer, in order to recover his or her own £30 ($46) petrol bill.
Maybe Not Certified to Steal
Unfortunately for him, this is not an idea that is good all. In reality, it was probably the stupidest decision he ever made, as he’s now been sentenced to 12 months in prison, suspended for just two years, and are forced to complete 80 hours of unpaid work for his boss, and spend right back compensation towards 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 chance to take the money in February last 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 was Chatha’s task to deposit the funds to the company’s account within a day. However, seizing the chance to make a little money that is extra the 34-year-old instead deposited one among the contracted quantities, and tottered on over to a neighborhood casino where he gambled away all the money during the period 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 compensated over the countertop, as the other was deposited towards the Face 2 Face account via a automated deposit device.
Surveillance Video Tells the Story
However, whenever police took to the CCTV footage through the bank branch, they determined that Chatha was in reality building a false testimony, and in the end monitored him down again in February this present year, him no choice but to admit his actions and own up to the theft after he had changed his address, and revealed their findings, which left.
‘I had a need to purchase petrol while I was working,’ said Chatha, who chose to express himself. ‘I was not thinking right. It was never my intention to simply take it all. We spent some money to invest in my petrol expenses, and had been then trying to get the amount of money back without anyone knowing, therefore I went up to a bookmakers and a casino,’ he stated, adding that with the stress of attempting to win his losses back, ‘I tried it all.’
The judge, however, ended up beingn’t buying it.
‘ I do not believe your account of what happened, but I can’t be certain just what did occur to it,’ reported Judge Richard Griffith-Jones upon sentencing your debt collector. ‘It is very important that this failed to continue for a long period of time. It was one impulsive work to steal the money, and you pleaded bad during the first opportunity.’
