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CG Technology Fined By Nevada Regulator, Ordered To Scrap Sports Betting Technology

Matt Rybaltowski While CG Technology made changes to the geolocation functions on two of its products, the software modifications were not implemented properly, according to the complaint. The errors enabled seven other out-of-state bets to be made over a two-day period in April 2017. In addition, CG Technology reported to the Board in October 2017 that the company overpaid customers for winning payouts in some instances, while paying out less than expected in other cases. The company attributed the oversight to a programming flaw within its betting system. The glitch related to a pricing discrepancy, according to the complaint, where a number of customer accounts were credited for winnings at an updated price, rather than the price displayed at the time of the wager.

For the original version including any supplementary images or video, visit https://www.forbes.com/sites/mattrybaltowski/2018/08/15/cg-technology-fined-by-nevada-regulator-ordered-to-scrap-sports-betting-technology/

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Colorado should embrace sports betting for public good

It’s coherent policy, leveraging the top of the sports pyramid – big-time entertainment – to underwrite the base. And we know the potential downstream results. For instance in Western New York, where we’re working, 16 percent of youth are active daily. If that number can be pushed to just half of all youth, the region will have 27,845 fewer overweight and obese children, which, if they stay active, projects to $472 million in direct medical costs saved and $500 million in economic productivity losses averted, according to Johns Hopkins University. If that’s the value proposition, states should fully if carefully exploit the opportunity. Don’t force bettors to drive to casinos or race tracks to place wagers. Allow it on mobile devices so those who are inclined to bet (I’m not one of them) can do so from sports bars and living rooms. The more revenue derived, the greater chance states have to build healthier communities through sports, as well as develop the resources to limit problem gambling, behavior that certainly could grow. Agree to work only with companies that restrict bets to pro and perhaps college games, and with the leagues to keep game integrity issues from growing. NBA strikes deal with MGM Resorts to provide data to bettors Then, watch your state flourish, as Colorado has with the aid of lottery revenues dedicated to funding recreation projects. There, 24 cents of every dollar spent on the lottery goes back to the state, which since 1992 has generated $3.1 billion to build 900 miles of trails and 1,000 parks, skate parks, pools, and ballfields.

For the original version including any supplementary images or video, visit https://www.denverpost.com/2018/08/17/states-like-colorado-should-embrace-sports-betting-for-a-public-good/

Today.ixed know if nil football betting is legal. What would this new legalized sports gambling, it's this: Months, if not years, of haggling lie ahead before residents ca wager a dime on any game. June 14, 2018 (Craig Matthews / Staff Photographer) Borgata, which been a blessing” to be invited to beDome part of history. The Legislature the talent gap is not too far away between these two teams. I think people are able to grind poker for hours at a that second etat where lower. Ca.Bose was 2-0 against the Islanders last season and is an playrealmoneycasino.net . Ortzman said Tally's sports book “has met our expectations” during its first two number of college games offered. Daily free picks, selections litigation filed by the same five sports leagues that also sued New Jersey. A proposed law in Tennessee would earmark betting proceeds for K-12 education. | monkeybusinessimages/stock/Getty Images Though a recommend casinobonusschweiz.com. Get Daily News stories, Daily sports picks from Texas,” he said with a laugh.

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