Monarch Casino & Resorts Fined for Proxy Wagers Placed by Colorado Sportsbook Staff

Nevada-based Monarch Casinos & Resort have agreed to pay a $400,000 (€373,430) fine to the Colorado gaming regulator following the discovery that sportsbook employees were placing proxy bets on behalf of out-of-state customers.

During an internal review, the company discovered that three members of staff at its Black Hawk Casino were placing proxy wagers. This is when someone is placing bets on behalf of another person who is usually located out-of-state. In Nevada where the parent company is based, proxy wagering is legal when carried out through an approved proxy service. However, it is strictly forbidden in Colorado.

The Colorado Department of Revenue have yet to release an official statement on the fine but is expected to do so today, Thursday 16th Feb 2023.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.