New Jersey: Golden Nugget Online hit with $50K fine for series of compliance failures

New Jersey: Golden Nugget Online hit with $50K fine for series of compliance failures

Article brief provided by NJ Online Gambling
  • Eric Raskin, NJ Online Gambling
June 7, 2022 6:59 PM
  • Eric Raskin, NJ Online Gambling

The New Jersey Division of Gaming Enforcement imposed a $50,000 civil penalty against Golden Nugget Online Gaming on May 27, as revealed in the most recently published set of actions taken by DGE Director David Rebuck. The iGaming operator was fined for failing to comply with an assortment of straightforward procedural requirements.

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“In particular,” the notice read, “GNOG has violated N.J.A.C. 13:69C-8.1 by failing to submit meeting minutes of the board of directors and committees, as well as meeting schedules for said board and committees, for holding company Golden Nugget Online Gaming, Inc. (GNOGI). In addition, GNOG and GNOGI have violated N.J.A.C. 13:69C-8.5 by failing to submit GNOGI’s tax return filings and N.J.A.C. 13:69C-8.6 by failing to submit copies of all filings submitted to Federal and state regulatory authorities regarding GNOGI’s securities.”