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

Giants Agree to Cut Jones

Giants Agree to Cut Jones

Tommy DeVito will make his first start of the season Sunday against the Tampa Bay Buccaneers. DeVito won three games as a starter in 2023.  The line has remained at +5.5.

Syndicate