CG Technology Announces Tentative Settlement With Nevada Gaming Control Board

Jan 06, 2014, 18:55 ET from CG Technology

LAS VEGAS, Jan. 6, 2014 /PRNewswire/ -- CG Technology, formerly Cantor Gaming, ("the Company") has reached a tentative agreement with the Nevada Gaming Control Board for a monetary amount to be paid in full settlement of the regulatory complaint the Board filed today.  Matters in the complaint stem from the illegal activity of a former employee, Michael Colbert, who pled guilty to federal charges following his arrest fifteen months ago.  

The Company conducted its own extensive internal analysis of Mr. Colbert's actions and of the Company's systems, operations, and procedures, and has implemented additional industry-leading compliance processes. 

CG Technology expects to finalize this matter with the Board soon. The Company remains focused on delivering exceptional technology products and services to our valued customers and casino partners.

SOURCE CG Technology