Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Nevada Gaming Commission approves $8.5 million settlement with MGM over AML failures
Summary
The Nevada Gaming Commission on April 24 approved a stipulation resolving a complaint that MGM Resorts and two subsidiaries failed to report suspicious activity tied to illegal bookmakers; the company admitted the allegations, agreed to an $8.5 million fine and to enhanced anti–money‑laundering controls and training.
The Nevada Gaming Commission approved a stipulation for settlement with MGM Resorts International and two operating subsidiaries on April 24, resolving a board complaint that alleged the companies failed to detect and report suspicious activity connected to illegal bookmakers. MGM agreed to pay $8.5 million and to adopt several specific anti–money‑laundering (AML) program enhancements.
The complaint stemmed from facts outlined in two federal non‑prosecution agreements that described failures by marketing employees and other personnel to report illicit funds used for wagering at MGM properties. The allegations covered activity tied to an illegal bookmaker who used casino…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
