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Three Fines Levied by the Pennsylvania Gaming Control Board Totaling $160,000

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Three Fines Levied by the Pennsylvania Gaming Control Board Totaling $160,000Reading Time: 2 minutes

HARRISBURG, Pa., Aug, 2018 — The Pennsylvania Gaming Control Board approved fines totaling $160,000 against two casinos for various violations.

The fines were the result of Board approvals at its public meeting of consent agreements between the PGCB’s Office of Enforcement Counsel and:

Washington Trotting Association, Inc., operator of the Meadows Casino in Washington County, an $80,000 fine for allowing unauthorized employees to issue complementary services; and,
Valley Forge Convention Center Partners, L.P., operator of the Valley Forge Casino Resort in Montgomery County, two fines, one of $50,000 for failure to prevent fraudulent transactions by one of its employees, and a second of $30,000 for table game violations.

 

DETAILS
Washington Trotting Association, Inc.’s fine stemmed from the issuance of over $830,000 worth of complimentary services from 2009 to 2017 by employees who were not authorized to do so. Each licensed facility is required to have within their Board-approved internal controls a matrix of employees who are authorized to award complimentary services and a specific amount that may be authorized.

Valley Forge Convention Center Partners, L.P.’s larger fine was the result of the casino’s failure to safeguard its assets and revenues, failure to maintain accurate and reliable financial records, ensure access, record and compare its assets, conduct regular audits, and ensure that audit functions and responsibilities were segregated. These issues materialized through a scheme perpetrated by a casino employee to fraudulently collect work-related reimbursements, an action that led to criminal charges being filed against that employee.

The second fine levied against Valley Forge Convention Center Partners, L.P. was the result of the casino not being compliant with its Board-approved rules and guidelines for the play of Spanish 21 blackjack.

The next meeting of the Pennsylvania Gaming Control Board is scheduled for 10:00 a.m., Wednesday, September 12, 2018 in the PGCB’s Public Hearing Room located on the second floor of the Strawberry Square Complex in Harrisburg.

About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos. These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

 

Source: Pennsylvania Gaming Control Board

Source: Latest News at European Gaming Media

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great SuccessReading Time: 1 minute

 

The EGT Global Jackpot’s integration with Winbet and Club King has achieved success through offering entertainment and winnings for both operators and players.

The operators’ success and players’ entertainment are always the core objectives of EGT sales, development and production teams. When innovation joins these approaches, EGT solutions are the reliable choices for winning businesses.

EGT supports the operators to make proposals to its customers they couldn’t refuse, with the integration of the EGT Global Jackpot into their gaming halls. Global Jackpot is developed to connect all slot machines and any type of roulette from all locations of operators across the country. Thus, the total bet generates the possibility of higher winnings compared to those offered by the local jackpots.

At Winbet, the Global Jackpot has been functional since March this year and has brought multiple winnings to the luckiest players. Recently, Club King has also integrated the Global Jackpot in favour of top entertainment and winnings for both operators and players.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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New York State Lottery Reports Record Revenues for the 2018 Fiscal YearReading Time: 1 minute

 

The New York Lottery has recorded $8.2 billion in sales for the state fiscal year that ended in March 31, 2019. That includes sales from Powerball, Jackpot, Mega Millions, Scratch Off, Quick Draw and other games, plus revenues generated by the state’s licensed video lottery locations.

The video lottery net win for the 2018-2019 fiscal year was $2.08 billion, third largest in the world behind two Italian lottery operators. The combined sales and net win earnings for the last fiscal year are a new record for the New York Lottery. The New York Lottery generated $3.47 billion in aid designated to support the state’s schools.

The lottery revenues are distributed to school districts according to the same formula used for state aid. A larger, poorer district will receive a higher percentage than a smaller, more affluent one. Lottery contributions account for 13% of all state aid to education for 2018-2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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Spillemyndigheden Introduces Whistleblower Scheme

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Spillemyndigheden, the Danish industry regulator, has launched a new whistleblower scheme for the employees of gambling operators who wish to report evidence of money laundering.

Spillemyndigheden has detailed that employees can report a company’s violation or potential violation of the anti-money laundering legislation to the regulator via a dedicated, anonymous contact form which will then trigger a legal investigation. All submissions will be encrypted to ensure that submissions are secure.

In April, Spillemyndigheden has blocked access to 25 gambling websites after petitioning the country’s telecommunications providers. Danish internet providers have now been obliged to block access to ten igaming sites, in addition to 15 skin betting websites.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spillemyndigheden Introduces Whistleblower Scheme

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