Things aren't looking all that great for Las Vegas sportsbook CG Technology these days. It was recently fined by the Nevada Gaming Control Board for failing to correctly pay out winning wagers. Now news has come out that
at the end of August. As of now, CG's sportsbooks (Cosmopolitan, Venetian, Palms and M Resort) will continue to operate though will be heavily monitored by a third party.
"The Board will not tolerate improper or incorrect payments to patrons by gaming licensees, and therefore takes this matter extremely seriously," Nevada Gaming Control Board Chairman A.G. Burnett told the Las Vegas Sun, which first reported the settlement. "This settlement contains several harsh punishments and requirements for remediation that reflect those concerns."