Electronic gaming machine company Spectre Gaming Inc. (OTCBB: SGMG) recently told Market News First about its plans for the company’s immediate future, including its legal difficulties in Florida and its eventual expansion to Mexico.According to Spectre Gaming CEO, President and Director Brad Olah, the biggest obstacle facing the company right now is getting its products approved in more conservative, anti-gambling counties who mistake the company’s skill-based games for games of random chance.
“We’ve really been refocused on reopening Florida,” Olah said. “The regulatory and business environment we’re in is very unstructured. The market we’re in – the for-prize profit market – the law is that these games are always subject to interpretation by local law enforcement. So [some authorities] look at these devices that look like slot machines, but they’re really not – for example, in Florida, the machines give away gift cards.
“One could interpret these things as slot machines, but they’re really not,” Olah added.
Unfortunately, the company has faced some difficulties in the past few months due to these kinds of interpretations, particularly in Florida.
“We have had no problems in Florida until we hit the 5th judicial circuit which consists of five counties; Citrus, Lake, Marion, Sumter, and Hernando,” Olah said. “They have a very tough state’s attorney that’s taken the position of ‘I don’t care what [expletive] you have, it’s not coming into my county.'”
Still, Olah’s not too worried. Not only are his machines reportedly 100 percent compliant to the standards and laws that govern these machines, but he’s looking forward to an upcoming court confrontation with the state attorney – that way, the state’s laws on gaming machines will be brought back to the legislative eye and put under closer scrutiny.
“We’re looking forward to the legal challenge over the next ninety days,” Olah said. “Our strength is compliance. We try to go over and above… to be able to comply with the law.”
In addition to asserting its rights in Florida, Spectre Gaming just signed on to move 1,300 units down to Mexico.
“We’ve signed a letter of intent about three weeks ago in the cash market, because cash is considered a prize down in Mexico,” concluded Olah.