Resorts World faces $10.5 million fine from Nevada gaming regulators

Resorts World could face additional sanctions from Nevada should feds take action

(Resorts World Las Vegas public relations photo)The Nevada Gaming Commission is slated to decide Thursday whether a $10.5 million proposed settlement with Resorts World Las Vegas, deemed insufficient by some industry insiders, is enough to close the book on a complaint filed last year against the casino by state regulators.  According to the Gaming Control Board’s complaint, Resorts World Las Vegas executives allowed admitted illegal bookies Mat…

The Vegas Strip's $4.3B resort is mired in controversy. One stay showed why.

From allegations of illegal gamblers to technology meltdowns, things are not going well at Resorts World in Las Vegas.

Resorts World faces $10.5 million fine from Nevada gaming regulators

LAS VEGAS (KLAS) — Nevada gaming authorities are seeking a $10.5 million fine against Resorts World and its parent companies, according to a Thursday news release. The fine would be the second-largest in state history, behind a $20 million fine assessed against Wynn Resorts in February 2019 for failing to properly investigate sexual harassment allegations against former CEO Steve Wynn. An amended complaint filed by the Nevada Gaming Control Boar…

Vegas Casino Hit With Huge Fine For Breaking Money Laundering Rules

What Happened? Resorts World Las Vegas has agreed to pay a $10.5 million fine to the state of Nevada. Why? They broke rules meant to stop money laundering. For over a year, they let known illegal bookmakers gamble millions at their casino. This fine is a big deal. It's the second-largest fine ever given by...

CreditSights: Nevada AML complaint against Resorts World Las Vegas unlikely to hurt Genting Group’s credit metrics, New York bid

An ongoing investigation by the Nevada Gaming Control Board (NGCB) into alleged anti-money laundering breaches by Resorts World Las Vegas could cost the company hundreds of millions in fines and compliance costs, according to financial research group CreditSights. However, such a scenario should have little impact on the credit metrics of parent company Genting Bhd nor on Genting’s bid to win one of three full casino licenses in downstate New Yo…