Item 8.01. Other Events.
As previously disclosed by the Company, two of the Company's significant
stockholders, Karim Maskatiya and Robert Cucinotta, filed applications for
certain gaming regulatory approvals from the Mississippi Gaming Commission (the
"Mississippi Commission") in connection with their ownership interests in MCA
Processing, LLC. Neither of these applications was filed in connection with
their ownership of the Company's stock. After initially denying a finding of
suitability of Messrs. Maskatiya and Cucinotta, at its March 26, 2009 meeting
the Mississippi Commission reversed its position and granted Messrs. Maskatiya
and Cucinotta permission to withdraw their applications under the condition that
they not apply for any gaming regulatory approvals from the Mississippi
Commission for a four year period. As a result of the decision by the
Mississippi Commission to permit Messrs. Maskatiya and Cucinotta to withdraw
their applications, the Company believes it is no longer currently subject to
the risk of encountering gaming regulatory issues with the Mississippi
Commission as a result of the prior denial of findings of suitability for these
two stockholders.
