Reno, Nevada-based Monarch Monarch Casino’s Colorado online sportsbook has been levied a fine of $400,000 for accepting proxy bets from nearly a dozen bettors. The Colorado Limited Gaming Control Commission imposed the penalty because taking or placing bets for another person is illegal in Colorado. The sportsbook is operated out of Monarch Black Hawk Casino in Black Hawk, Co.
The bets were taken over the company’s sports betting app, BetMonarch.
The bets were taken over the company’s sports betting app, BetMonarch.