Gaming Innovation Group Fined $25,000 by New Jersey
The New Jersey governors have fined online gambling technology firm, Gaming Innovation Group (GiG) $25,000k. A civil penalty was declared by the New Jersey Division of Gaming Enforcement (DGE) against GiG. This serves as punishment for permitting a foreign gambler to bet online with a locally licensed operator. There were enough legal facts sticking on the penalty which the GiG didn’t challenge. However, the DGE statement didn’t give sufficient information on the matter. It filed its geolocation complaint against GiG on December 12 2018 which was imposed on April 30 2019.
Gaming Innovation Group Not the First to Get Similar Penalty from DGE
The online gambling licensee’s identity was not mentioned. To date, the Gaming Innovation Group signed only one New Jersey client, the Hard Rock Atlantic City casino. In June 2018, Hard Rock online casino was launched. The geolocation failure in question is new. In 2016, the DGE issued similar geolocation penalties against GameAccount Network (GAN) and PokerStars a year later in 2017. The financial penalties that were imposed on the two companies were the same.
As of late, DGE filed geological failure against Borgata and Caesars Interactive Entertainment New Jersey (which goes back to February 2014). Both companies lost more than $90,000 in winnings from gambling.
Local betting rules were violated by the Borgata Hotel Casino & Spa. As a result, the DGE imposed a $7,500 civil penalty on Borgata Hotel Casino & Spa for allowing sports wagers on college sports involving New Jersey teams. Over the past few months, a number of other betting licensees have been dealt with for similar violations. Borgata was implicated in five different orders involving money taken by the casino from prohibited persons.
Gaming Innovation Group must adhere to the rules to not find themselves in further implications. They should consider the fact that this could tarnish their reputation in the long run.
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