
A Nevada-based casino table games developer, manufacturer and distributor is wanting to reassure worried shareholders following the company’s California ‘suitability doing company’ rights had been revoked by that state’s Gambling Control Commission recently.
Defending Page
Galaxy Gaming CEO Robert Saucier has sent 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 operation in 2009 and dissolved. The procedures failed to involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] once we continue to supply our products and services with no interruption.’
With Galaxy doing plenty of its business in the Golden State specially with many tribes that are indian have casinos Saucier desired to guarantee clients and investors that Galaxy’s ‘gaming permit with Ca tribes is unchanged and in good standing. Likewise, our status in every other jurisdictions we serve is additionally unchanged and remains in good standing. In royal vegas claim bonus reality, we continue steadily to seek and find licenses that are new approvals in additional jurisdictions,’ the letter went on to express.
Conflicting Tales
And also this is where things get, 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 is 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 investors to believe?
According to Administrative Law Judge Catherine Frink, not Saucier. She has described him as ‘evasive, intentionally dishonest, and misleading in his response to questions.’ She adds that ‘in a highly managed industry such as gaming, the failure become forthcoming with relevant information had been 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 Gambling Commission decision. In fact, he won’t even have the ability to request a reconsideration unless brand new evidence crops up.
Details of ‘Can’t Lose’ Promotion Don’t Sit Well with Revel Customers
Experience Atlantic City had been 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 many disastrous starts for a casino in recent memory.
Summer ‘Refunds’
That’s why Revel designed summer that is special, in order to get players back through the casino’s doorways. Within an advertising campaign that admitted things got off to a beginning that is rough 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 receive 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 found out what the promotion entailed, some weren’t happy with just what they would to obtain refunds.
‘we have a very definition that is different of ‘refund’ than the Revel and I also believe a majority of other people would concur that a reimbursement implies that you’ll receive the full reimbursement of funds,’ customer Ed Conti told The Star-Ledger after visiting Revel. ‘ I do not 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 initially. A few 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 real 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 every ‘block’ of 5 percent being offered in one of the 20 weeks after the promotion ends. If a gambler doesn’t visit the casino in a given week, they won’t be able to receive that percentage of their refund. In addition, the refund doesn’t pay out in cash, but in free play credits that can be used in the devices; it may not be directly cashed down.
Some might say that a few conditions on an offer such as this one are become expected: all things considered, it will be foolish to think that the casino could simply give back all of its winnings to clients, even over a period that is short of. But, the fact that the details associated with the ‘refund’ program are flashed on tv ads for just a 2nd and in really print that is small mean that Revel is skirting laws on clarity in advertising, or even really breaking them.
No matter what the standing that is legal of ad, the character associated with promotion has turned off a minumum of one gambler from visiting Revel once again.
‘When I told my mother concerning this she stated, ‘That’s not exactly what the ad on TV said,” Conti said. ‘My mother have not attended the Revel and will perhaps not go in the foreseeable future.’
Federal Theft Trial Begins for Former Pequot Tribe Chairman
Michael Thomas, a disgraced former Mashantucket Pequot Tribal Nation chairman, has become facing theft that is federal involving inappropriate use 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 utilising the company card to personally rack up $80,000 in limousine service expenses to get his mother to and from her medical appointments, according towards the prosecutor’s opening statements at his trial.
Costly, Extensive Limo Rides
$80,000? That have to’ve been close to 200 round trips, by our conservative estimation. Thomas’ protection 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 began grappling with tighter available funds after being hit by both the recession and much more neighboring states’ land casino competition.
Thomas’ unrelated defense lawyer, Paul Thomas, says it is up to the jury to ascertain if those costs had been really banned.
‘Was it impermissible to charge travel with respect to their 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 perhaps not completely sure. Regardless, it seems that Michael Thomas never submitted required expense reports detailing his sick mother’s limo service. Additionally not assisting the former chairman’s case ended up being testimony from Barbara Poirier, the tribe’s manager of health solutions, whom noted that the tribe makes transportation services available for members whom need to get to and from medical appointments.
Dirty Laundry…or underwear
Also apparently not for mother there were some Victoria’s Secret credit charges made to your 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 dropped to $354,000 by 2009, so obviously anybody could connect to his suffering.
Defendant Thomas has pleaded perhaps not bad to 1 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 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 significantly more than $700,000 between 2005 and 2008, while acting as assistant director of this tribe’s natural resources department.
Your family that steals together, appeals together? That’s lot of wampum.
UK Debt Collector Makes Bad Casino Bets 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 recovered from the debtor on behalf of his employer, to be able to recover his or her own £30 ($46) petrol bill.
Maybe Not Certified to Steal
Unfortunately for him, it was not an idea that is good all. In fact, it absolutely was most likely the stupidest decision he ever made, as he’s now been sentenced to 12 months in jail, suspended for just two years, and will likely be forced to do 80 hours of unpaid work for his manager, and spend back payment to 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 opportunity to steal the profit February year that is last after being instructed to get two £6,000 contracts for Face 2 Face, a company that executes warrants and recover debts with respect to utility companies.
Upon collecting the debts, it had been Chatha’s task to deposit the funds to the company’s account within 24 hours. However, seizing the chance to create a small extra money, the 34-year-old alternatively 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 was all just a simple banking mistake, and this one £6,000 deposit had been compensated over the counter, whilst the other was deposited to the Face 2 Face account via a deposit machine that is automated.
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 tracked him down again in February this season, 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.
‘we needed seriously to purchase petrol while I was working,’ said Chatha, whom chose to represent himself. ‘I wasn’t thinking straight. It had been never ever my intention to simply take it all. We spent some cash to finance my petrol expenses, and was then trying to get the cash back without anyone knowing, and so I went up to a bookmakers and a casino,’ he said, incorporating that with the force of wanting to win his losses back, ‘We tried it all.’
The judge, however, had beenn’t buying it.
‘ I don’t believe your account of what happened, but I may not be certain exactly what did happen to it,’ claimed Judge Richard Griffith-Jones upon sentencing the debt collector. ‘It is very important that this didn’t go on for a period that is long of. It was one impulsive work to take the money, and you pleaded guilty at the first opportunity.’
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