Resorts World Las Vegas is facing a $10.5 million fine after the Nevada Gaming Control Board found the casino allowed illegal bookies to operate on its premises. The fine is one of the largest in Nevada's history, following a previous $20 million penalty against Wynn Resorts. The investigation highlighted a culture of negligence at Resorts World, where executives ignored warning signs about illegal activities in pursuit of revenue. The case emphasizes the importance of compliance and accountability in the gaming industry, particularly regarding anti-money laundering regulations.
While Resorts World defended its practices by stating there was no direct evidence of wrongdoing related to the illegal bookies, the commission indicated a lack of responsibility from executives.
The large settlement not only penalizes Resorts World but also signifies a strong message from the Nevada Gaming Control Board regarding adherence to illegal gambling regulations.
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