Nev. Gaming Commission fines CG Tech. $5.5M

Jan 27, 2014 7:10 PM

Despite some concerns expressed by its members, the Nevada Gaming Commission last week unanimously approved a record $5.5 million fine, negotiated by the Gaming Control Board with CG Technology, the former Cantor Gaming, to settle a slew of charges brought against the company.

One commissioner, Tony Alamo, said the charges brought against a senior employee of the company had received national exposure and had given Nevada “a black eye.” He said he would not be afraid of revoking the company’s gaming license.

However, he said the fine represented a large sum of money that shows regulators will punish those who violate state gaming regulations.

The previous record fine of $5 million was paid in 2003 by MGM Mirage for failing to report multiple financial transactions.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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