Discussion in 'Leftovers Forum' started by Perra, Mar 4, 2016.
I didn't get it at all, but just contact the customer service and they'll fix it immediately.
Cantor fucked up. I've seen some suggestions that this could be the end for them.
I don't know if this is part of the suit, but I had a live betting account with them. I lost most of the money. I think I had $11 left. I just neglected it, maybe for a year. I finally went to pick up my money and the account was non-existent. I didn't make a stink, because the money was small and I thought there was some chance I remembered wrong about having something left in it But I posted this on another forum and someone else said the same thing happened to them.
One thing that might come out of this is a give away to players, if the book is allowed to continue operating. It's not really possible to track down everyone and repay the $700,000, so they might have to run some +ev football pools or something.
Nevada gaming regulators have accused CG Technology (CGT) of a series of violations, including underpaying winners, accepting bets after a match and knowingly withholding information even after authorities warned them two years ago to stay out of trouble following a record $5.5 million settlement involving a separate illegal sports betting case.
The company was hit with a six-count complaint filed by the Nevada Gaming Control Board on Monday. It has 30 days to formally respond to the state.
CGT runs seven area sportsbooks, including at the Cosmopolitan, Venetian and Tropicana casinos on the Strip, as well as the M, Hard Rock, Palms and Silverton casinos.
State regulators began investigating CGT's operations in March 2015, after a Silverton Casino patron reported he had been underpaid on a winning round-robin parlay wager. He said he had been eventually paid in full after he complained to the operator but it was the fifth time he had experienced such an error.
Silverton is not subjected to the disciplinary complaint.
State regulators say they discovered that that incident represented a known, "recurring and company-wide error" that could be traced back to August 2011, when the company began using its "Cantor Sports Book" computerized bookmaking system.
Software glitches could miscalculate winnings, but CG Technology expanded the system's use in 2014. The state said that move resulted in an increase of incorrect payouts, including 20,000 underpaid winning bets totaling $700,000, and 11,000 overpayments totaling $100,000. The state was also underpaid in associated gambling taxes and fees as a result of the overpayments.
The state's complaint also said CGT "effectively ignored" the thousands of bettors who were shortchanged on their winning bets but weren't aware or didn't complain about it, adding: "Only after the (regulators) initiated its investigation did (the company) take steps to identify all parlay wagers and patrons affected" by its software issue. The company took steps to correct the problem after the initial Silverton report in March 2015.
Also noted were instances of CG Technology accepting bets after a sports event was over, including for a mixed martial arts match in January 2016 and a boxing match in May 2015.
During the investigation, the state also reports the company and its leaders didn't fully cooperate. CG Technology's conduct, the state says, "constitutes a failure to comply with ... all federal, state and local laws and regulations" for licensed gambling in Nevada.
The state's Gaming Control Board acts as both the regulators and prosecutors who investigate and file complaints for disciplinary action against gambling operation license holders. The cases are brought to the Nevada Gaming Commission, whose members serve as the judge and jury in determining action, including license revocation.
In 2014, the Commission fined CG Technology $5.5 million, the largest settlement of its kind in state history, for failing to adequately supervise its former sportsbook director Mike Colbert, who was involved in a nationwide illegal sports betting ring. CG Technology, known then as Cantor Gaming, didn't directly admit guilt to the charges, but acknowledged regulators could have proved them and said at the time it had improved its internal checks and balances.
Good to hear! Let's get these quantitative books outta there, need to go back to the days when some shmo just put up lines...
Ah well, they let me past-post on some ufc fights a few years ago.
Whats the best mobile book in vegas right now for the kinda scumbag who doesn't bet games, just props?
Bloody Elbow just did a story about that.
How did it even occur to you to try?
Southpoint has a lot of props on their app. I haven't gotten a Westgate one yet. Stations is so-so. William Hill has one, but they close you down quickly from what I'm told. At some point, just gonna pick up my $50 in fp from them for the app, but I'd rather bet in person as a rule.
I'm anti-app for a lot of reasons, but they could be good for someone like you, who wants to bet from out of state. Had this conversation with someone else yesterday. Basically, life is easier for your runner and he has no ability to touch your money.
I was watching ufc in my hotel room and looking at lines on the app and it was still up, one of those 20 second hvywt fights, so i bet it. they paid.
How does a complaint about past posting even happen? Why wouldn't you just take the money and be happy about it.
I thought that was a bit odd. Maybe somebody who didn't know the event was over bet on the loser. Rather than just waiting to see the mistake again and getting their money back ten fold, they complained.
What kind of address verification do you guys use? I mean, if I only deposit and cashout with bitcoins, but my address is 42 Wallaby Way, Sydney, Australia, there's no reason for you to verify that, right?
PS I am definitely not an American.
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