Palms Casino In Las Vegas Pays Big Fine For 2007 Poker Tournaments

The Palms Casino Resort allowed outside operators to run poker tournaments back in 2007. This week, the casino received its penalty for that action, and it is not a penalty that came lightly.

The Palms agreed to pay $100,000 in a settlement over a complaint with the Gaming Control Board in Nevada. The state does not want casinos allowing outside operators to run tournaments at state licensed casinos.

The concern of the board is that the organizations that run these tournaments are not always legitimate operations. By allowing these organizations to run tournaments at their casinos, the Las Vegas casinos are taking a chance on damaging their integrity.

In the cases of the tournaments back in 2007, one was run for a charity, but there was a problem when the charity did not get paid until four months after the tournament. The other tournament involved players who were not paid their winnings immediately when the event ended. Once the Palms found out the players had not been paid, they took care of the rest of the payouts.

This is not the best of times for Las Vegas casinos to be hit with any type of fines. The economy has created a tough atmosphere in Sin City and revenue has declined at all of the major casinos in Nevada.

The city is expecting to get a big boost when MGM's CityCenter project is complete. The project is being counted on to bring high rollers back into the city, and also to help with the struggling tourism figures of the past year.

November 12, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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