\nBy CHRIS SIEROTY
\n\tLAS VEGAS REVIEW-JOURNAL
\n\tCG Technology, formerly Cantor Gaming, and the Nevada Gaming Control Board have reached a tentative agreement to settle a complaint state gaming regulators filed Monday.<\/p>\n
\t\u201cI can confirm we\u2019ve had long negotiations over the weekend,\u201d Gaming Control Board Chairman A.G. Burnett said. \u201cWe think we have come to some terms agreeable to both sides to resolve the matter.\u201d<\/p>\n
\tThe 18-count complaint alleges Lee Amaitis, president and CEO of Cantor Gaming, and the company failed to supervise Michael Colbert sufficiently to prevent his illegal sports gambling activities.<\/p>\n
\tColbert, the former vice president of race and sports risk management at M Resort and Cantor Gaming, was arrested Oct. 24, 2012, in connection with an illegal offshore sports betting ring.<\/p>\n
\tColbert pled guilty to a felony charge of conspiracy in U.S. District Court in New York on Aug. 21. According to the indictment, Colbert was an agent in the illegal betting ring who recruited bettors, maintained existing bettors, collected losses and paid out winnings.<\/p>\n
\t\u201cThe failure to supervise Michael Lloyd Colbert sufficiently to prevent his illegal gambling activities made in significant part possible by his position with Cantor Gaming is a violation of Nevada (gaming regulations),\u201d the complaint said. \u201cThis constitutes an unsuitable method of operations, and, as such, is grounds for disciplinary action.\u201d<\/p>\n
\tColbert conducted his \u201cillegal gambling activities\u201d through the use of his position. The complaint said Colbert\u2019s actions took place as he was under direct supervision of Amaitis, who is president and CEO of the gaming company.<\/p>\n
\t\u201cMatters in the complaint stem from the illegal activity of a former employee,\u201d CG Technology said in a statement. \u201cThe company conducted its own extensive internal analysis of Colbert\u2019s actions and of the company\u2019s systems, operations, and procedures, and has implemented additional \u2026 compliance processes.\u201d<\/p>\n
\tCG Technology expects to \u201cfinalize this matter with the board soon.\u201d As of Monday, terms of the tentative agreement were not disclosed and no hearing date had been scheduled.<\/p>\n
\tGaming regulators also claimed that Gadoon Kyrollos, a high-volume gambler with Cantor Gaming, hired Paul Sexton and others as messenger bettors to place wagers for him. In September, Sexton pled guilty to money laundering and forfeited $600,000.<\/p>\n
\tThe complaint said Colbert knew Sexton, who placed approximately 4,464 wagers with Cantor Gaming, was a messenger as early as July 2011.<\/p>\n
\tThe violations contained in the 35-page complaint were dated and filed Monday. The complaint also includes violations of state gaming regulations beyond Colbert\u2019s illegal activities.<\/p>\n
\tGaming regulators said eight of 19 account wagering applications requested by the board\u2019s audit division were missing. The bookmaker also did not list Pascal Bartoli, supervisor at M Resort, and Michael Miller, book supervisor at M Resort, on the key employee report submitted to gaming regulators.<\/p>\n
\tThe complaint also alleges that on Oct. 1, 2010, Nicolas Jordan, a sports book writer, wrote 13 pari-mutuel tickets for himself while on duty at Cantor\u2019s book at the M Resort, and Ryan Munoz, cashed a winning money line ticket on Oct. 7, 2010, on the Texas Rangers while on duty at the M Resort.<\/p>\n