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HOME > NEWS > Investor News > Gaming regulators accept fine of $125,000 for Bally Technologies Inc.

Gaming regulators accept fine of $125,000 for Bally Technologies Inc.

24 January 2014

By Howard Stutz

LAS VEGAS -- The Nevada State Gaming Control Board Gaming Commission on Thursday accepted slot machine maker Bally Technologies, Inc.’s $125,000 fine that settled a 28-count complaint with state gaming regulators, but at least one member of the panel thought the penalty wasn’t high enough.

The Las Vegas-based company admitted to charges that it failed to register key employees with the Gaming Control Board.

Gaming Commissioner John Moran Jr. said he was troubled because the company paid a $65,500 fine to settle similar allegations in 2008.

The control board defended the size of the fine, saying Bally self-reported some of the missed registrations following its own internal investigation.

Attorney Ellen Whittemore, representing the gaming equipment manufacturer, said the size of the fine “resonates” with company officials.

The Gaming Control Board filed the complaint against Bally on Christmas Eve. Nevada law requires an employee to be registered with the state before working in gaming operations.

Most of the counts claimed that registrations were a few weeks or months late. A majority of the employees cited in the complaint were engineers.

The 25-page complaint also noted Bally’s 2008 fine.

Bally CEO Ramesh Srinivasan signed off on the complaint for the company.

In other action, the gaming commission approved Intrepid Gaming as a manufacturer.

The company had operated the Casino Monte Lago at Lake Las Vegas until last October, when the only gaming location within the Henderson resort operation was closed.

Intrepid CEO Jon Berkley told the commission the casino had several disputes with the new landlord of Monte Lago Village, where the outdoor retail and dining complex and the small casino was located.

He said the casino closed owing just under $1 million to creditors. His company was owed about 30 percent the total for management fees.

Berkley said he expects litigation to resolve outside standing debt.


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Howard Stutz
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