CG Technology’s Nevada sportsbook future sketchy as regulators reject settlement

Embattled sports betting technology supplier CG Technology (CGT) could lose its Nevada license after state gaming regulators rejected a proposed financial settlement for the company’s latest slip-ups.

On Thursday, the Nevada Gaming Commission (GC) rejected a $250k financial deal that CGT had worked out with the Nevada Gaming Control Board (GCB) earlier this month to cover a variety of infractions, including allowing out-of-state bettors to wager with Nevada sportsbooks.

The GC’s refusal to let CGT off with a financial penalty was unanimous, and the Las Vegas Review-Journal quoted Commissioner John Moran saying “this isn’t a fine issue. It is a revocation issue. I can’t think of a more egregious ongoing pattern of violations.”

CGT, formerly known as Cantor Gaming, has appeared hat in hand before state regulators numerous times in recent years, paying a record $5.5m in 2014 to atone for its connection to an illegal messenger betting operation. In July 2016, CGT paid a further $1.5m for software glitches that led to some bettors being underpaid and others underpaid.