The rejection of the settlement between CG Technologies and the Nevada Gaming Commission and the £ 1.15 M fine of UK Gambling Commission against Camelot.
Nevada Gaming Commission hints a license revocation
The Nevada Gaming Commission unanimously rejected a proposed settlement with CG Technology that has admitted of taking unlawful bets and making inaccurate payouts over its platform, including allowing out-of-state bettors to wager with Nevada sportsbooks.
Under terms of the proposed settlement, other than the obligation to pay the amount of $ 250,000, CG Technologies would have had six months to “transition to an unaffiliated third-party’s pool wagering system” and “permanently discontinue the use of its sports pool wagering system and all of its components.”
However, commissioners questioned the $ 250,000 fine, saying it did not even cover the cost of the investigation and decided to dismiss those proposed penalties as too light for a company with CG Technologies’ financial size. Commissioners also highlighted that the company’s behavior threatened the State’s gaming image since CG Technology was already sanctioned in 2014 with a $5.5 million fine and again in 2016 with an amount of $1.5 million for previous regulatory violations.
CG Technologies will have 30 days from receipt of 23 of August official transcript to respond. The outcome is still uncertain: a revised settlement is a possibility, while commissioners could call for an evidentiary hearing that would expose CG Technologies for a license revocation.
Camelot fined £1.15 M following UK Gambling Commission investigation
The operator that manages National Lottery in the UK has been fined by the Gambling Commission, after the closing of an investigation launched in 2016.
The sanction of £ 1.15 M comes from a list of failings related to the governance, risk and control framework of the games offer. In particular, the national operator is accused of not having carried out the appropriate checks on mobile applications owned by the company, that incorrectly informed players that their winning tickets were losers.
Furthermore, the UK Gambling Commission determined that the online publication of incomplete Lotto results and the direct debit instruction failure occurred in May 2016 that temporarily prevented the processing of lotto sales, warranted the imposition of a financial penalty.
Camelot, engaged positively the decision of the UK Gambling Commission stating that its procedures and controls will be updated and enhanced in order to mitigate the risk of further issues. To this extent, Richard Watson, Gambling Commission Executive Director, said:
“Camelot has taken a number of steps to rectify the issues and given us assurances that they now have the right processes in place to prevent reoccurrences. It is crucial that the National Lottery is run fairly, safely and with integrity and we’ll continue to hold Camelot to account”.
Camelot will pay the amount of £ 1.15 M to the special fund of the National Lottery Good Causes that allocates its proceeds to charity projects.