The Nevada Gaming Commission deemed the suggested $250,000 fine against CG Technology too low when compared with the multi-million-dollar fines previously paid by the company. The company paid fines of $5.5 million in 2014 and $1.5 million in 2016
With the company’s CEO present during a public meeting, commission members chastised the operator for its persistent regulatory troubles.
“Basically, you’ve been called into the principal’s office three times, and each time, it’s maybe a little bit different but a lot of it is repeat issues. And you’ve been given the opportunity to make the business right, and that hasn’t happened. And because you can’t get your business in order, you are damaging the reputation of the gaming industry of the state and the integrity of the game.” Said the commissioner Deborah Fuetsch (pictured)
CG Technology, accepted wagers on its mobile app from customers outside Nevada; underpaid or overpaid customers; took wagers on college football games that had ended already; and incorrectly set up a satellite sports betting station at a Super Bowl party this year that had a different point spread and total over-under than what other patrons were offered.
The board and the operator had reached the settlement over the complaint earlier this month, but it was up to the commission to give final approval. However, the commission’s decision Thursday represented the first time in eight years that a proposed settlement from the board was rejected.
