CG Technology, the new corporate identity for Cantor Gaming, has confirmed that it has reached a tentative agreement with the Nevada Gaming Control Board after receiving an eighteen-count complaint from the regulator which stemmed from the arrest of the company’s vice president Michael Colbert fifteen months ago.

The NGCB launched an investigation into the company after Colbert, former vice president of race and sports risk management at M Resort and Cantor Gaming, was named as one of 25 individuals arrested by law enforcement agents in October 2012 in connection with a multi-million dollar illegal sports betting ring operating under the PinnacleSports.com online gambling website.

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