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CG Technology agrees to pay $22.5m to settle US criminal investigation

4th October 2016 8:45 am GMT

Sportsbook operator and supplier CG Technology has agreed to pay a total of $22.5m in penalties and forfeiture to the US federal government to resolve an investigation into the company’s involvement in illegal gambling and money laundering schemes.

The company has entered into a non-prosecution agreement as part of the deal, which will see CG Technology continue to cooperate with federal prosecutors and reform its business and compliance functions.

It will pay the federal [...]

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