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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 government $16.5m in penalties and [...]

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