Resorts World Faces Fine for Illegal Bookmaking

Resorts World Las Vegas is facing a $10.5 million fine, the second-largest in Nevada gaming history, for allowing illegal bookmakers to operate at its casino, as per a settlement agreement with the Nevada Gaming Control Board. The complaint, filed on August 15, 2024, alleges unsuitable operational methods and money laundering activities involving bookmakers Mathew Bowyer and Damien LeForbes. Investigations revealed that both individuals lost millions at the resort while receiving complimentary benefits. The settlement, if approved by the Nevada Gaming Commission, will include specific conditions on Resorts World's gaming licenses and require regular reporting and enhanced training on anti-money laundering measures. The casino has already made significant leadership changes and implemented remedial measures in response to these allegations. Resorts World, owned by Genting Berhad, acknowledged the settlement and expressed a desire to resolve the issue, while also noting the potential for further federal actions.