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By SectorWire desk ·
VGW has agreed to pay $8m to settle with New York on 10 September. The settlement follows Attorney General Letitia James's finding that the Luckyland Slots parent operated unlawful online gambling platforms.
VGW’s settlement requires an $8m payment following New York’s finding that it operated unlawful online gambling platforms.
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The settlement closes New York's legal action against VGW and includes financial penalties.
The settlement requires VGW to pay $8m and provide a redemption process for New York customers’ remaining sweeps coin balances.
The agreement allows New York authorities to pursue enforcement if VGW breaches its settlement obligations.
Closures and tighter state access reduced the availability of US sweepstakes casinos in September.
Customers must use remaining redemption access before the platform closes.
VGW’s settlement establishes an $8m cost for resolving its New York sweepstakes casino matter.