Troubled Nevada Sports Book Operator, Pioneer Fined Again

LAS VEGAS (AP) — Nevada regulators said Thursday they'll let one of the state's largest sports book operators stay in business after years of underpaying winning gamblers because the Las Vegas company is ousting its CEO. The Nevada Gaming Commission approved a $1.5 million settlement with CG Technology over miscalculations on its computerized betting system that date back to 2011. Commissioners said they would have revoked the business' gambling license but the impending removal of CEO Lee Amaitis made the settlement easier to accept. The Nevada Gaming Control Board in May accused the gambling company of a series of egregious violations, including underpaying 20,000 winning bets by a total of $700,000 between August 2011 and March 2015, accepting bets after a match and knowingly withholding information.

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