Retired tennis icon Andre Agassi partially owns a casino that received a $15,000 fine for the violation of gaming regulations in the state of Nevada. Agassi’s company was founded in collaboration with business partner Adam Corrigan. Online bookmaking news states that the Gaming Control Board sanctioned the company on three counts of complaints and regulation violation in their bookmaking operations. Flamingo Investments, Agassi’s company is in charge of the operation and the owner of Sedona Lounge located near Las Vegas Beltway on theWest Flamingo Road. Sedona Lounge is a restaurant which operates several slot machines covered by restricted gaming license.
Prime gaming titles are available for bookmaking public including the latest releases for video slot games. Flamingo Investments faces the complaint and $15,000 fine that comes with it as stated in the stipulated settlement. The company agrees to comply with the $15,000 fine payment particularly on grounds of failing to garner any approval from gaming regulatory boards and commission. This approval is necessary when the casino operator has ownership interest transferred to the property. The accused operator did not comply with the required legislation. Based on the regulations, Nevada Gaming Commission needs to bestow approval for the settlement scheduled on the 22nd of August. As stated in the online news about the complaint, gaming trust for Adam B. Corrigan is required to submit their annual reports covering their Sedona Lounge earnings.
The accusation stemmed from the failure of the gaming trust to notify the board regarding their ownership control increase. The interest increase is due to the buyout of other partners by Corrigan and Agassi. Online casino prime operators and analysts divulged information that the complaint emphasized disciplinary actions due to the unsuitable method of business operations which the company resorted to especially in hiding these salient facts. Based on records at the Nevada Gaming Commission, Andre Agassi’s Gaming Properties Trust and Corrigan’s have been duly licensed by the state of Nevada. To settle the complaint, both gaming trusts already filed applications for approval of increased interest which the company should have done upon filing their annual revenue report.