Fresh from announcing a deal to provide the soon-to-open Lucky Dragon Hotel And Casino with a range of its casino management systems and gaming technology innovator International Game Technology (IGT) has agreed to pay a $500,000 penalty to the United States Securities And Exchange Commission (SEC).

According to a report from the Reuters news service, the penalty agreed on Thursday relates to the London-based firm firing an employee for allegedly telling the SEC that IGT’s financial statements might be distorted.

Reuters reported that the employee was removed from significant work assignments within weeks of raising concerns about the company’s cost accounting model. The SEC revealed that a subsequent internal investigation into the whistleblower’s allegations found that IGT’s reported financial statements contained no misstatements.

The news service explained that IGT agreed to pay the penalty and cease and desist from committing or causing any further violations of whistleblower protections under the Securities Exchange Act without admitting or denying any of the SEC’s findings.

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