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Gaming Guru

Howard Stutz

Company owned in part by Agassi agrees to $15,000 gaming fine

12 August 2013

LAS VEGAS -- A company owned in part by retired tennis star Andre Agassi has agreed to pay a $15,000 fine for violating state gaming regulations.

The Gaming Control Board filed a three-count complaint on Wednesday against Agassi and Adam Corrigan. Their company, Flamingo Investments, owns and operates the Sedona Lounge on West Flamingo Road near the Las Vegas Beltway.

The restaurant operates slot machines under a restricted gaming license.

In a stipulated settlement , the ownership agreed to pay the $15,000 fine for failing to receive gaming regulatory approval when ownership interest was transferred in the property.

The Nevada Gaming Commission has to approve the settlement on Aug. 22.

According to the complaint, the Adam B. Corrigan Gaming Trust filed annual reports for Sedona Lounge but failed to note the ownership control of Corrigan and Agassi had increased with other partners being bought out.

“This constitutes an unsuitable method of operation and, as such, is grounds for disciplinary action,” according to the complaint.

Corrigan and the Andre Agassi Gaming Properties Trust have both been licensed by Nevada and are now owners of the Sedona. Both ownership groups have filed applications to be approved for the increased interest as part of the settlement.