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Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A Nevada-based casino table games developer, maker and distributor is attempting to reassure worried shareholders following the company’s California ‘suitability to complete business’ liberties 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 inside their decisions stemmed from a ‘predecessor entity that ceased business operation in 2009 and dissolved. The proceedings didn’t involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] even as we continue to give our products and services without the interruption.’

With Galaxy doing plenty of its business in the Golden State especially with many Indian tribes who have casinos Saucier wanted to assure customers and investors that Galaxy’s ‘gaming license with California 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 to seek and get licenses that are new approvals in extra jurisdictions,’ the letter went on to state.

Conflicting Tales

And also this is where things have, um, a confusing that is little. All evidence points to the contrary because while Saucier emphatically states in his letter that the Califo Continue reading Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Gamblers Wanted: Atlantic City Gamblers Show Up, Finally, at Revel

Gamblers Wanted: Atlantic City Gamblers Show Up, Finally, at Revel

Even Revel’s Facebook page bears their slogan that is new Wanted

Oahu is the very first good news since Atlantic City’s latest casino exposed: finally, a marketing campaign appears to be working, and July’s numbers mirror the improvements every-where within Revel Casino-Hotel.

New Campaign Working

With its seemingly obvious ‘Gamblers Wanted’ campaign including a massive sign plastered close to the front side regarding the casino Revel has apparently managed to make it clear that their former no-smoking, chi-chi attitude is away because of the Atlantic Ocean tides, and a more approachable ‘come on in and spend your hard earned money’ strategy is working for them.

Revel’s revenues for were $23.4 million, from a combined take from both slots and table games, which represents a dramatic 33 percent jump from last year july.

‘we think the July results clearly reflect the impact of the ‘Gamblers Wanted’ campaign,’ said Jeffrey Hartman, Revel’s interim CEO.

Overall, however, Atlantic City casinos is wanting more gamblers; the numbers for every one of the beleaguered gambling town’s casinos continued to freefall, with a nearly 4 percent fall in comparison to 2012, according to numbers released by the state’s Division of Gaming Enforcement. The sole other casinos that showed gains besides Revel were Borgata, up 19 per cent, and Resorts Casino Hotel, having a 6 percent jump compared to year that is last.

Holiday H Continue reading Gamblers Wanted: Atlantic City Gamblers Show Up, Finally, at Revel

Ohio Man Sues Hollywood Casino for Giving Him Winnings in Cash

Ohio Man Sues Hollywood Casino for Giving Him Winnings in Cash

******Inside Columbus, Ohio’s Hollywood Casino******

Sometimes it’s hard to figure out who is stupider: the thieves or the target they’ve robbed. The story that is following be considered a photo finish situation, you decide.

Cash and Carry

It appears 29-year-old David Hayes, a gambler at the Hollywood Casino Columbus, in Ohio, was lucky enough to win $35,800 on October 21, 2012; but that is where Hayes’ luck ended. In a lawsuit the Ohio man has since filed against the gambling operator, Hayes and another of his lawyers, Joseph Landusky, claim that the casino forced him to just take his winnings in the form of cash pitched against a check, and flashed their personal information to anyone waiting behind him in line, making him vulnerable to a subsequent home robbery once he returned to their house later that night.

The fact that he left his back door open unlocked and accessible that evening is but one return volley the casino is firing back during the guy in their legal response to his suit. Hayes claims two armed men entered his house, woke him, and demanded he hand over all 358 stacks of bound hundred-dollar bills before they became popular without harming him.

Two of these rocket scientists then actually bragged about the robbery to acquaintances, and have since been arrested and currently await test; a man that is third whose connection to the robbery is unclear, is also being sought now.

Who is at Fault? Continue reading Ohio Man Sues Hollywood Casino for Giving Him Winnings in Cash

Genting To Set Sail for Bimini Casino with Miami Residents on Board

Genting To Set Sail for Bimini Casino with Miami Residents on Board

The Genting Group may have neglected to bring a casino to Miami, but that hasn’t stopped them from making use of the neighborhood market. It seems that if they can’t develop a casino within the town, Genting wants doing the next most useful thing: bring the city to their nearest casino.

Seeking Port Agreement with Miami

That’s why Genting is seeking to enter into an agreement with Port Miami that may allow the company to run a cruise that is small from the port. The ship, which would have the ability to transport a lot more than 1,500 people, would run from Miami to a new casino in Bimini that Genting recently opened. The trip would take just about couple of hours, and would enable Genting to make use of a gambling market that is lucrative.

The move comes after Genting failed in a bid to open a casino in Miami it self. The business purchased the former headquarters associated with Miami Herald last year, hoping to construct a casino regarding the site. However, anticipated changes to state video gaming regulations did perhaps not materialize, meaning the casino task needed to be abandoned. Genting still plans on using the site to build a hotel and residential complex underneath the true name Resorts World Miami.

The contract between Genting and Miami has Genting pay about $11 million to greatly help refurbish Terminal H, which will then be used by the new ship. Over time, Genting may have that mon Continue reading Genting To Set Sail for Bimini Casino with Miami Residents on Board