Nev. gambling regulators fine Agassi-owned company

Andre Agassi
Andre Agassi
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Updated: 8/22/2013 4:17 pm

LAS VEGAS (AP) — Nevada gambling regulators have approved a $15,000 fine against a company partially owned by tennis great Andre Agassi.

The Las Vegas Sun reported (http://bit.ly/1776pgN ) the Nevada Gaming Commission's decision on Thursday.

The state Gaming Control Board had filed a complaint against Flamingo Investments LLC, which operates the Sedona Lounge in suburban Las Vegas and has a gambling license.

Agassi and his business partner in the venture, Adam Corrigan, were named in the complaint.

The complaint accused the company of failing to notify regulators that Agassi and Corrigan's share in the company increased when other partners were bought out. The changes happened in 2003 and were found in audits.

As part of the settlement, Agassi's gambling trust and Corrigan have applied to get the ownership transfer approved through proper channels.

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Information from: Las Vegas Sun, http://www.lasvegassun.com

 

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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