A Nevada-based casino table games developer, manufacturer and distributor is trying to reassure worried shareholders following the company’s California ‘suitability to accomplish business’ rights were revoked by that state’s Gambling Control Commission recently.
Defending Letter
Galaxy Gaming CEO Robert Saucier has delivered a four-page missive to investors, claiming that all the presssing issues decried by the Ca 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, incorporating that ‘it is business as usual [at Galaxy ] once we continue to produce our products and services without the interruption.’
With Galaxy doing a whole lot of its business in the Golden State specially with many tribes that are indian have gambling enterprises Saucier desired to ensure customers and investors that Galaxy’s ‘gaming license with Ca 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 fact, we continue steadily to seek and acquire new licenses and approvals in extra jurisdictions,’ the letter went on to state.
Conflicting Tales
And also this is where things have, um, a little perplexing. Because while Saucier emphatically states in their letter that the Ca Gambling Control Commission don’t rule against him or their company in their current shut regulatory meeting, all proof points to the contrary. In fact, it’s the CEO’s very checkered past involving misstatements, witholding information, and providing misleading information that appears to have gotten him into the pickle by which he now finds himself. So who’re investors to believe?
According to Administrative Law Judge Catherine Frink, not Saucier. She’s got described him as ‘evasive, intentionally dishonest, and misleading in their reaction to questions.’ She adds that ‘in a highly managed industry such as video gaming, the failure to be forthcoming with relevant information ended up being inexcusable.’
Whatever Saucier is trying to persuade his minions of, it nonetheless seems that Galaxy Gaming LLC will no longer have the ability to run as a tribal vendor in Ca following the Gambling Commission decision. In fact, he will not even manage to request a reconsideration unless brand new evidence crops up.
Details of ‘Can’t Lose’ Promotion Don’t Sit Well with Revel Customers
Revel in Atlantic City was designed as a Las Vegas-style resort regarding the city’s famous Boardwalk; but a rocky start caused the casino to file for bankruptcy just 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 time promotions, in an attempt to get players right back through the casino’s doors. In an 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. According to the ads, players would receive all of their losses back on slots through to the end of the a deal that many gamblers simply couldn’t pass up month.
Unfortunately, numerous players didn’t see the print that is fine. And whenever they discovered what the advertising entailed, some weren’t pleased with just what they would to get their refunds.
‘we employ a various definition of a ‘refund’ compared to the Revel and I believe a majority of other people would agree totally that a reimbursement implies you will receive a complete reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I don’t feel it is right.’
Read the Fine Print
The fine print on the offer from the casino makes the promotion a little less amazing than it may look at first. Some 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 are not covered.
It’s the method by which the ‘refunds’ are given to players that has Conti and others upset. Players can get their refunds only 5 percent at a right time, with each ‘block’ of 5 percent being available in one of the 20 weeks following the advertising ends. If a gambler doesn’t visit the casino in a given week, they won’t be able to receive that percentage of these refund. In addition, the refund doesn’t shell out in money, but in free play credits that are used in the devices; it cannot be directly cashed out.
Some might say that the few conditions on an offer such as this one are become expected: after all, it might be foolish to think that the casino could simply hand back most of its winnings to customers, even over a short time period. Nonetheless, the fact that the details associated with the ‘refund’ program are flashed on tv ads for merely a 2nd and in very print that is small mean that Revel is skirting laws on clarity in marketing, if not actually breaking them.
Whatever the legal standing of the ad, the nature of the advertising has turned off one or more gambler from visiting Revel once more.
‘When I told my mom about any of it she said, ‘That’s not exactly what the ad on TV said,” Conti stated. ‘My mother have not attended the Revel and will not go in the foreseeable future.’
Federal Theft Trial Begins for Former Pequot Tribe Chairman
Michael Thomas, a disgraced previous Mashantucket Pequot Tribal Nation chairman, has become facing federal theft charges involving inappropriate utilization of a tribe-issued charge 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 costs to get his mother to and from her medical appointments, according to your prosecutor’s opening statements at his trial.
Costly, Considerable Limo Rides
$80,000? That must’ve been close to 200 round trips, by our conservative estimation. Thomas’ defense is he was having economic hardships as he decided Mom could just begin to see the doc showing up via limo. The charges that are actual spot for two years between 2007 and 2009 just as the tribe began grappling with tighter available funds after being struck by both the recession and more neighboring states’ land casino competition.
Thomas’ unrelated protection lawyer, Paul Thomas, says it is as much as the jury to ascertain if those costs had been actually banned.
‘Was it impermissible to charge travel with respect to his 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 has to do with his mother, we’re not completely sure. Irrespective, it appears that Michael Thomas never submitted required expense states detailing his ill mom’s limo solution. Additionally not assisting the previous chairman’s situation had been testimony from Barbara Poirier, the tribe’s director of health solutions, who noted that the tribe makes transportation services available for members who need to reach and from medical appointments.
Dirty Laundry…or underwear
Additionally apparently not for Mom there had been 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 tax returns showing Thomas’ income of $863,000 in 2008 had dropped to $354,000 by 2009, so obviously anyone could connect to their suffering.
Defendant Thomas has pleaded not responsible to one count of theft from an indian organization that is tribal and to two counts of theft concerning an Indian tribal government getting federal funds. His brother Steven Thomas that 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 a lot more than $700,000 between 2005 and 2008, while acting as assistant director regarding the tribe’s natural resources department.
Your family that steals together, appeals together? That’s a complete great deal of wampum.
UK Debt Collector Makes Bad Casino Bets 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) contract which he had recovered from the debtor on behalf of his employer, to be able to recover his own £30 ($46) petrol bill.
Not Certified to Steal
Unfortunately for him, it was not a good 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 jail, suspended for two years, and is going to be forced to accomplish 80 hours of unpaid work for his manager, and spend straight back settlement to your sum of £3,600.
Sandeep Chatha pleaded guilty to stealing the cash after their employers noticed the sum that is missing called in police.
Chatha took the chance to steal the profit February a year ago, after being instructed to pick up two £6,000 contracts for Face 2 Face, an organization that executes warrants and recover debts with respect to utility companies.
Upon collecting the debts, it absolutely was Chatha’s task casinopokies777.com to deposit the funds to the company’s account within 24 hours. However, seizing the opportunity to create a little money that is extra the 34-year-old alternatively deposited just one of the contracted quantities, and tottered on over 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 had been all just a simple banking error, and any particular one £6,000 deposit had been paid over the countertop, although the other was deposited to the Face 2 Face account via a automated deposit machine.
Surveillance Video Tells the Story
However, when police took to the CCTV footage through the bank branch, they determined that Chatha was in reality building a false testimony, and finally monitored him down again in February in 2010, 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 needed seriously to buy petrol while I was working,’ said Chatha, who chose to express himself. ‘I was not thinking directly. It was never my intention to just take it all. I spent some money to finance my petrol costs, and was then wanting to get the money back without anyone knowing, therefore I went up to a bookmakers and a casino,’ he said, incorporating that with the stress of wanting to win back his losses, ‘I used it all.’
The judge, however, ended up beingn’t buying it.
‘ I don’t believe your account of what happened, but I cannot be yes exactly what did occur to it,’ claimed Judge Richard Griffith-Jones upon sentencing the debt collector. ‘It is very important that this would not continue for a long period of the time. It was one impulsive act to steal the money, and you also pleaded accountable during the first opportunity.’