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Two years ago, the Nevada Gaming Commission warned CG Technology that any future complaints could prompt a license revocation. The player told the agent he was correctly paid after pointing out the error but that it was the fifth time he had been underpaid on that type of bet.
The company began operating a computerized bookmaking system known as Cantor Sports Book for its mobile sports wagering in August , the complaint said, and the company miscalculated winning parlay bets for several years.
In April the company expanded the system beyond mobile gaming and began using the software for counter wagers, but gamblers continued to be incorrectly paid. The board issued an industrywide notice in February about the software issue.
Contact Richard N. Velotta at rvelotta reviewjournal. In that case, an count complaint said the sports betting company should have known that Michael Colbert, its former director of risk management and vice president, was accepting illegal wagers and acting as an agent to recruit bettors. Colbert pleaded guilty in New York federal court in August to a single felony charge of conspiracy in connection with his role in a nationwide illegal bookmaking ring.
In doing so, it is important the Board is able to take account of the views of a range of potential consultees, including trade representatives, statutory consultees police, etc but also from the public. The Board has not proposed any significant policy changes at this stage, partly due to the impact of the coronavirus pandemic over the past 18 months. This is therefore a relatively short consultation. The Board welcomes comments from interested parties who have not otherwise been contacted by email.
What happens next The Board will consider the terms of responses received and decide upon the terms of its gambling policy for the next three years. The Board will continue to review the policy during that period.
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