According to the investigation, Patron B deposited $1,000 into his account at 8:58 pm. Three minutes later, a bet on the Tampa Bay Buccaneers was made through the bettor\u2019s account. It was determined that Epstein placed the bet using his work cell phone, with geolocation data showing the device at Epstein\u2019s home at the time.<\/p>\n<\/div>\n
In November of the same year, the bettor\u2019s account showed 49 bets involving more than $5,600 were placed on the account. For 46 wagers, the bettor sent Epstein screenshots from the app indicating the bets he wanted to make.<\/p>\n
\u201cMany of the screenshots displayed the time, which was two hours ahead of Mountain time, indicating Patron B was not in Colorado,\u201d the agreement stated.<\/p>\n
In an October 2022 interview with division officials, the bettor admitted he was in Florida.<\/p>\n
In all, state investigators determined that 57 of the proxy bets were placed for bettors who were physically out of the state when the wagers were made.<\/p>\n
The agreement stated that Monarch had used Stadium Technology Group for geolocation services.<\/p>\n
The Division learned through its investigation and discussion with Respondent that Stadium did not perform gelocation checks when patrons logged on, deposited money, or withdrew money through their BetMonarch mobile account,\u201d<\/strong> the agreement stated. \u201cStadium did not analyze geolocation transactions to detect the use of multiple device IDs and unrealistic location \u2018jumping\u2019 in order to identify potential proxy bets for out-of-state patrons.\u201d<\/strong><\/p><\/blockquote>\nEntain owns Stadium Technology Group. A message seeking comment was not immediately returned.<\/p>\n
How Colorado Calculated the Fine<\/h2>\n Monarch was fined $5,000 for each of the proxy bets placed. It received an additional $5,000 fine for other violations uncovered during the investigation.<\/p>\n
According to the agreement, half of the fine is due to the state within 10 days of the commission\u2019s acceptance. The remainder will be held \u201cin abeyance\u201d for two years. Monarch will pay it if it commits any additional violations during that period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Monarch Casino & Resort has retained GeoComply to provide geolocation services for its Colorado online sports betting site, Casino.org has learned. The announcement came on Thursday, the same day the Colorado Limited Gaming Control Commission approved a $400K fine levied against the Monarch Black Hawk Casino, which operates the sportsbook. The fine was to settle […]<\/p>\n","protected":false},"author":45,"featured_media":260308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1074,16693],"tags":[82227,82747,85073,85072,80968],"acf":[],"yoast_head":"\n
Monarch Fined $400K for Proxy Betting, Switches to GeoComply for Geolocation Services - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n