CG Makes Significantly Increased Settlement Offer To Keep Nevada Sports Betting License
November 10, 2018
Months after the Nevada Gaming Commission rejected a smaller agreement, CG Technology will offer to pay $2 million to settle major violations.
The commission will review the massive new offer at Thursday’s regular meeting in Las Vegas.
Attorney Todd Bice filed Thursday the settlement offer on behalf of CG Technology, which operates several sportsbooks in Las Vegas. The document does not indicate acceptance by the NGC, only that it will receive consideration.
The CG Technology financial proposal breaks down as follows:
- $1.75 million fine paid immediately
- $250,000 contribution to the Nevada Council on Problem Gaming within 60 days
CG also proposes creating a Corporate Social Responsibility Officer position and semi-annual “best practices” training of its C-suite executives.
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