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Nevada Gaming Commission Balks at CG Technology Settlement

Nevada Gaming Commission Balks at CG Technology Settlement

The Nevada Gaming Commission rejected a stipulated agreement with sports book operator CG technology that would have settled disciplinary action with the company.

The board ruled that despite the $250,000 agreed-upon fine, the four-count complaint against the company could lead to revoking the company’s license.

“For me, this isn’t a fine issue. It is a revocation issue,” said Commissioner John Moran. “I can’t think of a more egregious ongoing pattern of violations. If there was a hearing in the future, I would be leaning toward revocation, not a fine.’’

CG Technology operates the sports books at seven Las Vegas Strip and Las Vegas-area casinos.

The company will now have to renegotiate a settlement with the Gaming Control Board that could lead to a seven-figure fine or face a disciplinary hearing in front of the Gaming Commission, which could cost the company its license to operate in Nevada, according to CDC Gaming Reports.

CG Technology paid multimillion-dollar fines for previous disciplinary actions including $5.5 million in 2014 and $1.5 million in 2016.

In this complaint, the company is accused of accepting multiple wagers between 2016 and 2017 on the company’s mobile betting application placed by customers outside Nevada, accepting bets on games and events that had already concluded, miscalculating payouts on single-game and round-robin parlay wagers, and incorrectly setting up a satellite sports betting station at an undisclosed casino’s Super Bowl party.