CG Technology reaches $2 million settlement with Nevada regulator

Four strikes and you could be out was the warning given to Nevada gambling group CG Technology by the Nevada Gaming Commission Thursday after it considered a third case of non-compliance with regulations by the company.

Contraventions of the regulations by CGT included permitting out-of-state residents to place wagers with Nevada sportsbooks via its mobile betting app and knowingly failing to fix the problems.

On Thursday the Commission finally accepted (with that warning regarding licence revocation) a revised $2 million settlement proposal by CGT. Earlier the Commission rejected an original $250,000 settlement proposed by CGT to the Nevada Gaming Control Board in August (see previous report).

In insisting on a higher penalty, the Commission took into account that this was the third time that CGT had been found wanting in serious regulatory terms. Our readers will recall that the company also had an expensive run-in with federal authorities in 2016 which it settled for $22.5 million to escape illegal interstate wagering accusations.

Following the Commission’s acceptance of the $2 million settlement, part of which will go to responsible gambling causes, and a three month deadline to sort out its technology problems, CGT issued a statement assuring interested parties that it remains committed to the Nevada sportsbook business and the long-term partnerships it has established.

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