Troubled sports book operator grilled by Nevada regulators

CG Technology could face more fines and license revocation

Nevada gaming officials have rejected a proposed settlement from a sports book operator.

CG Technology is facing possible license revocation and even more fines. The firm has admitted to taking unlawful bets and making inaccurate payments to customers.

The sports betting company, who operate mobile apps like CG Sports, suggested a settlement figure of $250,000. Officials have deemed this too low compared to their previous fine history.

CG Technology were forced to pay a record-breaking $5.5 million fine in 2015 and $1.5 million 2 years later.

This time around the troubled operator faces four major complaints:

Accepting bets on their mobile app from customers outside Nevada
Underpaying and overpaying customers
Taking wagers on sports games that had already ended
Offering patrons inaccurate spreads at a Super Bowl Party

CG Technology power the sports book for many established strip casinos. The Cosmopolitan, Venetian and Tropicana all benefit from their technology. They were also the first company to develop a mobile app thanks to the approval of state officials.

During the meeting held on Thursday, commissioner Deborah Fuetsch said: "Basically, you've been called into the principal's office three times, and each time, it's maybe a little bit different but a lot of it is repeat issues."

The official also suggested that the firm was damaging the industries image, despite being given the chance to make amends. The CG Technology CEO declined to comment after the meeting.

Lauren Williams 03 Jan 2020 View more

Bonus Bets

Recommended

Deposit

$200

Get

$200

New Casino customers only. Deposit/transfer min. $20. Applies to first deposit to Casino only. Max. bonus $200. 15x wagering (game weighting applies) on deposit and bonus to make the bonus balance withdrawable. Time limits and T&Cs apply.
Claim your bet365 bonus
Deposit Bonus

$100

New customers only. 21+ T&Cs and wagering requirements apply.
Claim your Virgin Casino Bonus
No Deposit

$10

Deposit Bonus

$300

New customers only. 21+ T&Cs and wagering requirements apply.
Claim your Caesars Casino Bonus
$10 Free

No Deposit Required

21+ and physically present in NJ only. T&CS apply.
Claim your Unibet Casino Bonus
No Deposit

$10

Deposit Bonus

$300

New customers only. 21+ T&Cs and wagering requirements apply.
Claim your Harrahs Casino Bonus