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Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A casino that is nevada-based games developer, manufacturer and distributor is wanting to reassure worried shareholders after the company’s California ‘suitability to complete company’ rights were revoked by that state’s Gambling Control Commission recently.

Defending Page

Galaxy Gaming CEO Robert Saucier has delivered 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 proceedings failed to straight involve Galaxy,’ 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 plenty of its business in the Golden State particularly with many Indian tribes who have gambling enterprises Saucier wished to guarantee clients 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 additionally unchanged and remains in good standing. In fact, we continue to seek and find licenses that are new approvals in extra jurisdictions,’ the letter went on to say.

Conflicting Tales

And this is where things get, um, a confusing that is little. Because while Saucier emphatically states in their letter that the California Gambling Control Commission did not r Continue reading Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

It’s All Greek When It Comes to Grecian Online Gambling Now

It’s All Greek When It Comes to Grecian Online Gambling Now

Numerous online gaming websites are using issue with Greece’s new obscure, complex and unfriendly Internet gambling laws for operators

The online gambling landscape in Greece is in a state of flux and that would be placing it way too lightly. As Greece tries to transition into a system where players can enjoy gambling that is online at a site that is partially owned by the Greek government, they’ve also taken steps to block other web sites from operating there. And even though not every major gambling site has fallen victim to this tactic, some are making preemptively rather that worry about exactly what the long run holds there.

Confusing Gambling Laws

Greek online gaming laws are notoriously hard to parse, and be seemingly designed to ensure a monopoly for the Greek Organization of Football Prognostics S.A. (referred to as OPAP in Greece). The federal government owns 34% for the firm, and OPAP holds a monopoly that is complete land-based casino gambling in the nation. OPAP comes with a virtual monopoly on online gambling until 2020 under Greek law, which states that only OPAP can provide most online gambling games.

Strangely sufficient, other programs can apply for and receive licenses for online gambling if they wish to do so. Nonetheless, those licenses only allow them to provide ‘casino-type games of opportunity, the results of that aren’t provided by a number that is random as in poker tournaments.’ Man Continue reading It’s All Greek When It Comes to Grecian Online Gambling Now