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Nevada payment errors cost CG Technology its CEO and $1.5m

21st July 2016 8:57 am GMT

Sportsbook solutions provider CG Technology has agreed to pay a hefty fine after it was found to have underpaid and overpaid certain bettors in Nevada, with the company‚Äôs president and chief executive stepping down as part of the settlement.

CG Technology has agreed to pay a fine of $1.5m to the Nevada Gaming Control Board, while CEO Lee Amaitis will resign from his role, effective August 31st.

In May the NCGB filed a six-count complaint against CG Technology, one [...]

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