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Nevada Gaming Commission approves $10.5 million settlement with Resorts World Las Vegas over anti‑money‑laundering failures
Summary
The commission accepted a stipulation resolving a 10‑count complaint that found Resorts World Las Vegas failed to verify patrons' sources of funds, did not timely bar suspected illegal bookmakers and had hosts who failed to report suspicious activity. The casino agreed to a $10.5 million fine and broad AML reforms.
The Nevada Gaming Commission on March 27 approved a settlement with Resorts World Las Vegas and related respondents that resolves a 10‑count complaint alleging the property failed to adequately verify patrons’ sources of funds and allowed suspected illegal bookmakers to wager at the casino.
The stipulation, filed with an amended complaint by the Nevada Gaming Control Board, assigns a $10,500,000 fine payable to the state and requires a package of compliance conditions designed to strengthen Resorts World’s anti‑money‑laundering (AML) controls and reporting.
The complaint grew from a Control Board investigation that began with the activity of a patron identified as Matthew Boyer and expanded as investigators found other patrons of concern. The amended complaint alleged that Resorts World hosts repeatedly failed to escalate or document suspected illegal bookmaking activity, that at least one host referred patrons to suspected bookmakers, and that the property failed to verify whether high levels of play were consistent with patrons’ documented sources of funds. The Control Board…
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