CG Technologies Fined a Third Time and Ordered to Disband Sports Betting Platform

Written by:
Guest
Published on:
Aug/13/2018

Sports betting technology provider CG Technology (CGT) was fined a third time and settled to pay $250k for a variety of infractions for a variety of infractions that included allowing those from outside the state of Nevada to place wagers in violation of the law.

The out-of-state wagers were placed between 2016 and 2017 and were self-reported to the regulator by the company.

CGT was also found to have improperly configured a retail betting terminal, allowing players to place bets using odds that were different from those displayed.

Federal regulators had previously hit CGT with a $22.5m penalty or its connections to illegal gambling and money laundering operations in 2016.

The company was also ordered to disband its sports betting platform.

- Aaron Goldstein, Gambling911.com

Gambling News

Los Angeles Clippers vs. San Antonio Spurs

The struggling Los Angeles Clippers head to Texas on Sunday evening to take on the San Antonio Spurs.

Questions Remain Over Ocean Resort Casino New Owners

Questions Remain Over Ocean Resort Casino New Owners

ATLANTIC CITY — It’s been more than a week since it was revealed Ocean Resort Casino would be changing hands, and there’s still no word on what company is taking over.

Mississippi Casino Revenue Up in 2018 With Sports Betting

Mississippi casino revenues rose in 2018, with patronage noticeably increasing beginning in August, after the state legalized sports betting.

BOSA Ready to Debate Federal Oversight of US Sports Betting

BOSA Ready to Debate Federal Oversight of US Sports Betting

PASPA may have fallen, but its long-awaited demise hasn’t quite signalled the end of federal intervention into sports betting. Not yet at least.

How Can Online Bookies Use PPH Tools To Their Advantage?

How Can Online Bookies Use PPH Tools To Their Advantage?

Bookies that partner with a company like PayPerHead have access to tools they can use to, well, dominate their competition.

Syndicate