Nevada Sportsbook Could Lose Gaming License: Accused of Underpaying on 20K Wagers
CG Technology is in danger of losing its gaming license after being accused of underpaying bettors by more than $700,000 on an estimated 20,000 wagers.
The complaint, filed Monday, claims that software glitches also resulted in some 11,000 in bets being overpaid by around $100,000. Gamblers were never notified of the errors.
From the Las Vegas Review Journal:
The Control Board’s six-count complaint said an enforcement division agent responded to a concern at the Silverton in March 2015 from a gambler who said he was underpaid on a winning round-robin parlay wager. The player told the agent he was correctly paid after pointing out the error but that it was the fifth time he had been underpaid on that type of bet.
The board’s investigation found recurring incorrect payments on various winning parlay wagers and that companywide errors occurred for several years because of software issues known by the company.
CG Technology manages race and sports books at the M Resort, the Hard Rock Hotel, Tropicana, The Cosmopolitan of Las Vegas, the Palms and the Silverton. It also manages the sportsbook at the Sheldon Adelson-owned Venetian property. Adelson also took over control of the Las Vegas Review Journal, which broke this story on Tuesday.
It’s not the first time CG Technology has come under fire from the Nevada Gaming Commission.
In October 2012, under the previous name of Cantor Gaming, the company’s sportsbook Director was arrested and charged federally with Enterprise Corruption, Money Laundering, Promoting Gambling and Conspiracy.
The company settled and paid a $5.5 million fine as a result of that infraction, the largest ever imposed by Nevada regulators.
- Aaron Goldstein, Gambling911.com
