MGM agrees to $8.5 million fine for lapses involving illegal bookmakers in casinos

MGM agrees to $8.5 million fine for lapses involving illegal bookmakers in casinos

LAS VEGAS (KLAS) — MGM Resorts International has agreed to pay an $8.5 million fine to settle a complaint filed by Nevada gaming regulators involving money laundering allegations. The $8.5 million settlement, which could be approved next week at the April 24 meeting of the Nevada Gaming Commission, is the latest major step in regulators' investigations of illegal bookmakers' activities at Las Vegas Strip casinos. The MGM Grand and The Cosmopolit…

MGM Resorts agrees to pay $8.5M fine in case involving illegal bookmakers

The complaint alleged the casino giant permitted two illegal bookmakers to gamble from 2015 to 2018 at MGM Grand and The Cosmopolitan of Las Vegas.

MGM agrees to pay $8.5 million fine for money laundering violations

MGM agreed to pay a $7.45 million fine as part of a non-prosecution agreement in connection its failure to comply with anti-money laundering protocol.  (Photo by Ethan Miller/Getty Images)MGM Resorts International executives had suspicions about illegal bookmaker Mathew Bowyer’s source of income as early as 2015, and were notified by a customer in 2018 that Bowyer was attempting to poach gamblers from MGM casinos, alleges a complaint filed Thurs…

MGM Resorts to pay $8.5M fine to settle role in money laundering case - The Nevada Independent

MGM Resorts International has agreed to pay a fine of $8.5 million to Nevada regulators after a former gaming executive allowed illegal bookmakers to gamble millions of dollars and pay debts in cash at two of the company’s Strip properties. The 10-count complaint and settlement regarding violations of the Bank Secrecy Act in 2018 by MGM’s former President Scott Sibella were filed by the Gaming Control Board on Thursday evening. Nine of the count…

MGM agrees to pay $8.5M fine for money laundering violation

Like labels on cigarettes, opponents say fossil fuel warnings could change attitudes. Others call it gasoline ‘shaming.’ Continue reading…