Las Vegas Sun

March 18, 2024

Golden Gate to pay $250K fine for improperly documented payouts

The Nevada Gaming Control Board and the owners of The D Las Vegas and Golden Gate casinos have agreed on a $250,000 settlement for the downtown casinos’ role in improperly documenting payouts to multiple customers.

The agreement, announced Friday, comes on the heels of nine months of discussions between Golden Gate Casino owner Derek Stevens and gaming control board regulators, Stevens said. The control board’s complaint was filed Tuesday.

The control board accused ownership of the downtown Las Vegas casino of directing a $5,000 payout to a customer without recording the transaction on its books in January 2015. It also accuses a sister casino, The D Las Vegas, of providing $25,000 credit to a separate customer that same month without checking the person’s credit, as required by state regulations.

Derek J. Stevens, who holds 78 percent interest in both casinos through a trust, said today that the two incidents stemmed from paper-trail errors. He called the errors honest mistakes.

“The bottom line is, we screwed up some paperwork with two guys,” he said. “That’s it.”

The $250,000 fine includes $215,000 for the paper trail errors and $35,000 to pay for the board’s investigation.

The stipulation was agreed upon and signed Thursday, a representative from the Gaming Control Board said Friday. A control board spokesperson did not immediately respond to request for comment.

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