Resorts World Las Vegas Fined $10.5 Million for Illegal Gambling Practices

Resorts World Las Vegas has been fined $10.5 million by the Nevada Gaming Commission for violations of anti-money laundering laws, primarily for allowing illegal bookmakers to gamble at the casino. The fine, which is the second-largest in Nevada's history, resolves a complaint that included allegations of the casino permitting known illegal operators to place bets without proper verification of their funding. As part of the settlement, Resorts World will implement stricter compliance measures and undergo leadership changes, but it neither admitted nor denied the allegations. The Gaming Commission emphasized the importance of compliance in the gaming industry, warning that violations could lead to significant reputational damage. Commissioners expressed concerns that the penalty might be insufficient given the severity of the violations. The casino's parent company, Genting Berhad, has committed to improving its operations to prevent future issues.