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

DC Sports Betting Bill Introduced

Washington, DC Councilmember Jack Evan’s newly introduced bill would legalize sports betting while also placing regulations.

How to Make Money Bookmaking Online

There are obviously millions of different ways to make money in this world, and a lot of ways can be done online. However one of the best ways to make money online is to actually become a bookie and accept action through online websites.

BetStars is Paying 100-1 Odds for Any Team to Win Super Bowl  ...Sort of

BetStars is Paying 100-1 Odds for Any Team to Win Super Bowl ...Sort of

BetStars announced on Tuesday it is paying out 100/1 odds for any team to win the 2019 Super Bowl including the likes of the Patriots, Rams, Eagles and more.

Big Fish Casino Comes Under Scrutiny From Nations Cracking Down on Social Gaming, Loot Boxes, More

15 nations involved in the crackdown while another study finds a particular game is resulting in a high divorce rate

MGM Springfield Pulls In $9.5M From Gambling In First Week

Massachusetts gambling regulators are reporting MGM Springfield generated $9.5 million from gambling operations in its first week open.

Syndicate