Blog

A Nevada-based casino table games developer, maker and distributor is attempting to reassure worried shareholders after the company’s California ‘suitability to accomplish company’ liberties had been revoked by that state’s Gambling Control Commission recently.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 issues decried by the California regulators inside their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The proceedings didn’t straight involve Galaxy,’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] as we continue to produce our products and solutions without the interruption.’
With Galaxy doing a great deal of its business in the Golden State specially with many Indian tribes who have gambling enterprises Saucier desired to ensure 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 fact, we continue steadily to seek and get new licenses and approvals in extra jurisdictions,’ the letter went on to say.
Conflicting Tales
And this is where things get, um, a little confusing. 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 past that is checkered misstatements, witholding information, and providing misleading information that appears to have gotten him into the pickle in which he now finds himself. So who’re shareholders to believe?
According to Administrative Law Judge Catherine Frink, not Saucier. She’s described him as ‘evasive, intentionally dishonest, and misleading in their response to questions.’ She adds that ‘in a highly controlled industry such as video gaming, the failure become forthcoming with relevant information was inexcusable.’
Whatever Saucier is attempting to convince his minions of, it nonetheless appears that Galaxy Gaming LLC will not have the ability to operate as a vendor that is tribal California following a Gambling Commission decision. In reality, 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 stay Well with Revel Customers
Revel in Atlantic City ended up being designed as a Las Vegas-style resort regarding the city’s famous Boardwalk; but a start that is rocky the casino to file for bankruptcy simply ten months after it play more chilli slot machine free online 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 straight back through the casino’s doorways. Within an ad campaign that admitted things got off to a rough beginning, Revel invited players 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 month, a deal that many gamblers simply 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 what they would to obtain refunds.
‘I possess a different definition of a ‘refund’ compared to the Revel and I believe a most of others would agree totally that a reimbursement 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’s right.’
Read the Fine Printing
The terms and conditions on 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 least $100 to qualify, the loss rebates are capped at $100,000, and table game losses aren’t covered.
It’s the real way in 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 associated with the 20 weeks following the promotion ends. If a gambler doesn’t go to the casino in a given week, they won’t have the ability to receive that percentage of their refund. In addition, the refund doesn’t spend in money, but in free play credits that can be used in the machines; it cannot be directly cashed out.
Some might say that the few conditions on an offer similar to this one are to be expected: all things considered, it might be foolish to think that a casino could simply give back most of its winnings to clients, even over a period that is short of. But, the fact that the details of the ‘refund’ program are flashed on television ads for merely a 2nd and in very tiny print could mean that Revel is skirting laws on clarity in advertising, if you don’t really breaking them.
Regardless of legal standing of the ad, the type associated with advertising has turned off at least one gambler from visiting Revel again.
‘When we told my mother about this she said, ‘That’s not exactly what the ad on TV said,” Conti stated. ‘My mom have not attended the Revel and will perhaps not go as time goes by.’
Federal Theft Trial Starts for Former Pequot Tribe Chairman
Michael Thomas, a disgraced previous Mashantucket Pequot Tribal Nation chairman, 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 utilising the business card to personally rack up $80,000 in limousine service expenses to get his mother to and from her appointments that are medical according to your prosecutor’s opening statements at his trial.
Costly, Considerable Limo Rides
$80,000? That has to’ve been close to 200 round trips, by our conservative estimation. Thomas’ defense is that he was having financial hardships when he decided Mom could only begin to see the doc showing up via limo. The actual charges took place for just two years between 2007 and 2009 just as the tribe began grappling with tighter available funds after being struck by both the recession and much more neighboring states’ land casino competition.
Thomas’ unrelated protection lawyer, Paul Thomas, says it is as much as the jury to determine if those costs were actually prohibited.
‘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 usually buy gifts for high rollers with these cards, though what that is because of his mother, we’re perhaps not totally sure. Irrespective, it appears that Michael Thomas never submitted required expense reports detailing his ill mother’s limo service. Additionally not assisting 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 Mom there had been some Victoria’s Secret credit fees made to your account that is tribal. Probably for a rain dance ceremony or something, 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 relate to their suffering.
Defendant Thomas has pleaded maybe not bad 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 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 significantly more than $700,000 between 2005 and 2008, while acting as assistant director of this tribe’s natural resources department.
The household that steals together, appeals together? That’s 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) contract which he had restored from a debtor on behalf of his employer, to be able to recoup his own £30 ($46) petrol bill.
Maybe Not Certified to Steal
Unfortunately for him, it was perhaps not a good clear idea after all. In reality, it was probably the stupidest decision he ever made, as he’s now been sentenced to 12 months in jail, suspended for two years, and is forced to accomplish 80 hours of unpaid work for his boss, and spend right back compensation to the 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 ability to take 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 was Chatha’s task to deposit the funds into the company’s account within a day. However, seizing the ability to produce a small money that is extra the 34-year-old instead deposited one among the contracted amounts, and tottered on over up to a regional 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 an easy banking error, and this 1 £6,000 deposit had been paid over the countertop, while the other was deposited to your Face 2 Face account via a deposit machine that is automated.
Surveillance Video Tells the Story
However, whenever police took to the CCTV footage through the bank branch, they determined that Chatha was in fact creating a false testimony, and eventually monitored 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 pay for petrol while I was working,’ said Chatha, whom chose to express himself. ‘I was not thinking straight. It absolutely was never my intention to take it all. I spent some money to fund my petrol costs, and was then trying to get the funds back without anyone knowing, so I went up to a bookmakers and a casino,’ he stated, incorporating that utilizing the stress of attempting 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 can not be yes just what did occur to it,’ reported Judge Richard Griffith-Jones upon sentencing the debt collector. ‘It is very important that this failed to carry on for a long period of the time. It was one impulsive work to take the money, and you pleaded responsible during the first opportunity.’
