Resorts International has agreed to pay an $8.5 million fine after allegations surfaced regarding illegal gambling activities at its Las Vegas Strip casinos. An investigation uncovered that illegal bookmakers, including Wayne Nix and Matthew Bowyer, conducted significant betting operations without the company's prior notice to federal authorities. As part of the settlement agreement, Resorts will enhance its anti-money laundering measures and provide further employee training. The company emphasized its commitment to compliance and regulatory standards following its cooperation in the investigation and steps to prevent future violations.
The proposed settlement also details numerous remedial measures implemented at Resorts and its subsidiary gaming properties, focusing on enhancements to MGM's anti-money laundering program.
We've taken additional steps to strengthen safeguards, increase accountability, and reaffirm our commitment to doing what's right for regulators, guests, and stakeholders.
#resorts-international #nevada-gaming-control-board #illegal-gambling #anti-money-laundering #regulatory-compliance
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