If regulators accept the settlement Thursday, the fine will be the largest ever assessed on a casino operator in Colorado, which first legalized gaming in 1991 in three historic mining communities – Black Hawk, Central City and Cripple Creek. The other bets were made at the casino’s sportsbook. All but 19 of the wagers were placed online through the BetMonarch mobile app. Proxy wagering is legal in Nevada as long as the sports betting account holder registers with an approved proxy service.Īccording to a stipulated settlement filed with the Colorado Limited Gaming Control Commission, Monarch representatives agreed with the findings of an investigation that found 79 proxy wagers totaling almost $61,000 were placed for 11 different customers from January 2021 to June 2022. Proxy wagering, in which a person other than the account holder places a sports bet for a customer, is illegal in Colorado and most other states. Reno-based Monarch Casinos & Resorts agreed to pay a $400,000 fine to Colorado gaming regulators after executives from the company’s Black Hawk casino discovered and self-reported that three of its sportsbook employees were placing proxy bets on behalf of customers.

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