MGM Resorts to pay US$8.5 million to settle NGCB complaint over actions of illegal bookmakers at Vegas resorts

MGM Resorts to pay $8.5M fine for anti-money laundering violations

MGM Resorts International has agreed to pay Nevada regulators $8.5 million following a lengthy investigation into anti-money laundering (AML) violations tied to two convicted illegal bookmakers. If approved by the Nevada Gaming Commission next week, the proposed settlement would rank among the largest regulatory fines in the state’s history. The penalty stems from a 10-count complaint by the Nevada Gaming Control Board (NGCB), centered on MGM’s …

MGM Resorts to pay US$8.5 million to settle NGCB complaint over actions of illegal bookmakers at Vegas resorts

MGM Resorts International will pay a US$8.5 million under a proposed settlement agreement with the Nevada Gaming Control Board (NGCB) for allegedly facilitating the activities of two illegal bookmakers, as well as for deficiencies within its anti-money laundering program. The settlement proposal will be considered by the Nevada Gaming Commission (NGC) at its monthly meeting this Thursday 24 April. According to a Friday notice, the NGCB has filed…