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Palms Resort agrees to pay $100.000 fine to Nevada Gaming Commission
As it was reported by Las Vegas Review-Journal, the Palms Resort and Casino has agreed to pay a $75,000 fine issued by the Nevada Gaming Commission for not properly overseeing two of poker tournaments organized by third-party company, plus $25,000 to cover the costs of the investigation.
The situation goes back to 2007, when tournament operators Michael Eakman & Associates held a tournament at the Palms benefiting the Jewish Community Center of Southern Nevada. Problems arose when the company took four months to pay its 25% charity share and failed to pay the winners their complete prizes.
Palms owner George Maloof said the hotel-casino contacted the State regulators as soon as the problems were discovered and paid the prize money awarded in one of tournaments held in 2007 by United States Poker League. The resort paid $450,416 in unpaid prize money from one of the tournaments, after 22 players complained that their checks bounced due insufficient funds.
Even when the Palms paid the tournament winnings in full, the Control Board accepted a complaint filed by the state attorney general's office. According to the complaint, the Palms Resort hosted the tournaments "without adequate planning and follow-up," and failed "to prevent a situation that might reflect negatively" on the state and Las Vegas casino industry.
In addition to the $100,000 payment, the casino agreed to get more involved in future tournaments and set up new security procedures and policies to oversee any event held at the property.
The situation goes back to 2007, when tournament operators Michael Eakman & Associates held a tournament at the Palms benefiting the Jewish Community Center of Southern Nevada. Problems arose when the company took four months to pay its 25% charity share and failed to pay the winners their complete prizes.
Palms owner George Maloof said the hotel-casino contacted the State regulators as soon as the problems were discovered and paid the prize money awarded in one of tournaments held in 2007 by United States Poker League. The resort paid $450,416 in unpaid prize money from one of the tournaments, after 22 players complained that their checks bounced due insufficient funds.
Even when the Palms paid the tournament winnings in full, the Control Board accepted a complaint filed by the state attorney general's office. According to the complaint, the Palms Resort hosted the tournaments "without adequate planning and follow-up," and failed "to prevent a situation that might reflect negatively" on the state and Las Vegas casino industry.
In addition to the $100,000 payment, the casino agreed to get more involved in future tournaments and set up new security procedures and policies to oversee any event held at the property.