Nevada Gaming Commission Approves C.g. Technology Fine (update)

$5.5 million fine for 18 infractions of Nevada gambling regulations said to be a record for the state

The $5.5 million fine imposed by the Nevada Gaming Control Board on CG Technology (formerly Cantor Gaming) in respect of 18 infractions of Nevada gambling regulations (see previous InfoPowa reports) has been confirmed by the Nevada Gaming Commssion.

The infractions surfaced in a Board enquiry into events surrounding the activities of fired exec Mike Colbert and allegations that high volumes of illegal "messenger bets" were accepted by the company.

The infringements included poor management oversight of employees and questionable record keeping.

CG Technology chief executive Lee Amaitis was present at the Commission's hearing, when member Dr. Tony Alamo cautioned that the Commission would not hesitate to consider revoking its licence if CG Technology was again involved in unacceptable practices.

The huge fine is believed to be a record for the gambling state.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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