Editor’s Note: This article has been updated following changes to details included in the Las Vegas-Review Journal’s original story.
According to a report by Richard N. Velotta of the Las Vegas-Review Journal, Nevada sportsbook operator CG Technology could be facing a fine of $250,000.
CG Technology currently operates sportsbooks inside the Cosmopolitan, Venetian, Palms, Tropicana, M Resort, Palms, Hard Rock and Silverton and, according to the article, admitted to a myriad of charges:
“CG Technologies was accused of taking wagers from outside the state, taking bets after events had concluded, making incorrect payouts to 1,483 bettors and misconfiguring a satellite sportsbook betting station for the 2018 Super Bowl.”
CG Technology is no stranger to run-ins with regulators, having agreed to pay a $22.5 million fine levied by various government agencies for the company’s role in illegal gambling and money laundering in 2016.
>> Sign up for The Action Network’s daily newsletter to get the smartest conversation delivered into your inbox each morning.
In that case, CG Technology was accused of “laying off” some of its one-sided betting action by illegally betting the opposite sides of the games that posed the biggest liabilities — and therefore losses — for the company.
This is a developing story that we’ll continue to cover as more news regarding CG Technology’s penalties becomes available.