Monday, February 06, 2012

Gaming Tech Giant IGT Fined Nearly $400K in Online Poker Cheating Scandals

Source: Gaming Today

The Missouri Gaming Commission has announced a settlement with International Game Technology in which the Nevada-based gaming machine manufacturer agreed to pay a fine of $375,000 for not telling regulatory officials about a federal subpoena and other law enforcement actions related to its electronic bingo games in Alabama.

Officials said the information failures deal with the company’s receipt of a federal subpoena in June 2008 requesting documents related to IGT’s business dealing with VictoryLand and the Jefferson County (Ala.) Racing Association. It also cites a January 2009 letter IGT received from Alabama Gov. Bob Riley notifying it of a new task force targeting illegal gambling.

The Commission agreed that IGT did inform Missouri’s agency of a June 29, 2010, seizure of electronic gambling machines from the Greenetrack gambling center, but the Missouri settlement document says IGT did not promptly tell the agency of the seizure of a single machine from the same site several weeks earlier nor of resulting litigation.

The settlement also cites a failure to promptly notify the Missouri Gaming Commission of an attempted raid at the VictoryLand gambling site in January 2010 that resulted in litigation.

Missouri’s gaming regulations require gambling companies to inform the state regulatory agency of any subpoenas, and investigations of substantial changes to the information previously submitted as part of its licensure.

My take: The fine should have been at least a few million...They let the bastards off cheap!