Nevada Taverns or Slots Parlors: The Gaming War regarding the Roses

Nevada Taverns or Slots Parlors: The Gaming War regarding the Roses

Nevada Gaming Commissioner John Moran Jr. concerns a lawyer during a commission conference

Your whole point of gaming legislation is to give a solid, dependable and clear framework from which those in the video gaming industry can run. Therefore Nevada Gaming Commission members were none too pleased when regulations they put in position only 2 yrs ago, last year, regarding how slot machines can operate in Nevada’s tavern environment, were back front of them at a meeting that is recent.

Regulation 3.015 had been back home to roost, and laying some eggs.

Not Happy to Revisit Guidelines and Regs

Gaming Commission Chairman Pete Bernhard allow it be known he had been none too happy to see the regulatory issue back in front of the commission.

‘ We don’t want to see the rules changed every two years. One associated with the worst things regulators can do is always to offer uncertainty. I thought we resolved this presssing problem in 2011,’ Bernhard reiterated.

Creating the revisitation were two different sets of laws from two various regulatory figures, each overlapping one other and creating a set that is murky of for tavern owners to abide by.

On the one hand, Regulation 3.015 ( appears like a James Bond operative code name) was created by the Commission to make slot parlors illegal; the sort exemplified by the plethora of Dottie’s chains found throughout the Las vegas, nevada valley. Rival business operators, a Continue reading «Nevada Taverns or Slots Parlors: The Gaming War regarding the Roses»

German Banker Accused of Stealing Millions to Fund Gambling Habit

German Banker Accused of Stealing Millions to Fund Gambling Habit

A banker that is german component of a new trend of high-dollar gambling thefts

It’s absolutely nothing a new comer to hear about individuals stealing money in purchase to spend it on gambling. Nonetheless, it’s rare that the theft ever gets this big. A 39-year-old German bank worker was accused of stealing over €8 million ($10.6 million) from customers, which then spent at casinos within the program of several years.

Stole Undetected for Years from Customers

According to the charges, the person works in Buxtehude, a Northern Germany town that is clearly a suburb of Hamburg. Over the course of more than three years spanning between 2007 and 2010 the man stole money from customers’ accounts no fewer than 156 times. He also straight took cash which had been given to him by customers to spend. According to prosecutors speaking in Stade District Court, the man even faked customer signatures on several occasions so as to achieve access with their money.

The amounts stolen varied greatly from client to client. At some times, he took only a few hundred euros; in the most dramatic cases, a few hundred thousand euros had been taken away from accounts simultaneously.

As a whole, €8.4 million ($11.1 million) was applied for of consumer accounts throughout the years. That cash was then largely spent at a casino that is local Hamburg.

According to prosecutors, the unnamed guy had already repaid €4.5 millio Continue reading «German Banker Accused of Stealing Millions to Fund Gambling Habit»

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

Galaxy Gaming CEO Reassures Shareholders After Regulatory Denial

A Nevada-based casino table games developer, manufacturer and distributor is wanting to reassure worried shareholders following the company’s California ‘suitability to complete business’ liberties had been 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 Ca regulators within their decisions stemmed from a ‘predecessor entity that ceased business procedure in 2009 and dissolved. The procedures would not involve Galaxy, directly’ Saucier went on, incorporating that ‘it is business as usual [at Galaxy ] even as we continue to offer our products and services without the interruption.’

With Galaxy doing a great deal of its business in the Golden State especially with many tribes that are indian have casinos Saucier wanted to assure clients and investors that Galaxy’s ‘gaming permit with California 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 reality, we continue steadily to seek and acquire new licenses and approvals in extra jurisdictions,’ the letter went on to express.

Conflicting Stories

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