SEARCH NEWS:

 

BGI Reviews Texas Supreme Court Ruling Against 8-Liners

Although the Company believes its machines are used to conduct a bona-fide promotional sweepstakes and therefore are not regulated by the laws relating to 8-liners, many times regulatory authorities do not distinguish the difference between the Company's machines and 8-liners. The Company is in the process of reviewing the Supreme Court decision with its legal counsel and various local regulatory authorities to determine its impact on the Company's operations. At this time, the Company is planning on shutting down at least one location next week as a result of conversations with local regulatory authorities. This location operates 66 of the Company's 234 machines currently being operated in Texas.

BGI Inc. is a gaming company that designs, distributes and markets sweepstakes-driven gaming products. The Company's primary product -- the Charity Station -- combines entertaining, interactive games with various sweepstakes incentives, and are used by non-profit organizations as a means of fund raising. These products are placed by the Company's charity customers in non-profit venues, social clubs and other non-casino venues. BGI Inc. was founded in 1994 and has offices in Austin, Texas. The Company currently trades on the OTC Bulletin Board under the symbol BGII.

< Gaming News